| 混频视角下金融结构演变与高质量发展关系 |
| Relationship between financial structure evolution and high-quality development from a mixed-frequency perspective |
| 摘要点击 80 全文点击 0 投稿时间：2024-02-04 修订日期：2025-06-20 |
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| 中文关键词 金融结构; 经济高质量发展; 核密度估计; 马尔科夫区制转移模型; MIDAS混频回归模型 |
| 英文关键词 financial structure; high-quality economic development; kernel density estimation; the Markov regime-switching model; MIDAS regression model |
| 基金项目 国家自然科学基金资助项目(72372156,72471008, 62073007)；北京教委社科重点资助项目(SZ202210005004)；北京市自然科学基金资助项目(9242004). |
| 投稿方向 |
| 作者 | 单位 | 邮编 | | 呙策 | 北京工业大学 | 100124 | | 李靖宇 | 北京工业大学 | | | 谢启伟 | 北京工业大学 | | | 陈力凡* | 中国人民大学 | 100086 |
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| 中文摘要 |
| 针对当前金融结构指标体系尚待优化, 以及金融与经济数据在频率上存在差异的问题, 构建一个多维度的金融结构指标体系. 在此基础上, 运用MIDAS混频回归模型, 深入探讨金融结构与经济高质量发展之间的多层次非线性关系. 研究表明, 各金融结构呈现不同演化趋势. 现有金融结构未能较好服务经济高质量发展, 且金融结构波动越剧烈越不利于经济高质量发展. 金融行业、工具、资产、存贷结构与经济高质量发展之间的关系表现为倒U型特征; 金融开放结构与经济高质量发展之间的关系呈倒N型特征; 金融融资结构与经济高质量发展之间的关系呈U型特征. |
| 英文摘要 |
| Addressing the issues of the current financial structural system that needed optimization and the discrepancy in frequency between financial and economic data, a multi-dimensional financial structural system was constructed. Utilizing the MIDAS mixed-frequency regression model on this foundation, a deep exploration was conducted into the multi-layered nonlinear relationship between financial structure and high-quality economic development. The research indicates that various financial structures exhibit distinct evolutionary trends. The existing financial structure does not adequately serve high-quality economic development, and the more severe the fluctuations in the financial structure, the more detrimental they are to high-quality economic development. The relationship between the financial industry, instruments, assets, loan and deposit structures, and high-quality economic development manifests an inverted U-shaped characteristic. The relationship between financial openness structure and high-quality economic development presents an inverted N-shaped characteristic, while the relationship between financial financing structure and high-quality economic development displays a U-shaped characteristic. |
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