资本账户开放与宏观经济波动

被引：40

作者：

熊衍飞

陆军

陈郑

机构：

[1] 中山大学岭南学院

来源：

经济学(季刊) | 2015年 / 14卷 / 04期

关键词：

资本账户开放; 宏观经济波动; 资本账户开放指数;

D O I：

10.13821/j.cnki.ceq.2014.04.03

中图分类号：

F831.5 [金融市场]; F113 [世界经济问题];

学科分类号：

020202 ; 020206 ; 030206 ; 1407 ;

摘要：

本文以Quinn指数表征资本账户开放程度,考察了资本账户开放对人均实际GDP增长率波动、人均消费增长率波动的影响。结果表明:从长期看,资本账户开放显著降低了OECD国家的人均实际GDP增长率波动和人均消费增长率波动;资本账户开放显著提高了新兴市场发展中国家的人均实际GDP增长率波动,人均消费增长率波动得到缓释。国际资本进出对新兴市场发展中国家的人均实际GDP增长率、人均消费增长率波动的影响显著高于OECD国家。消费关联之谜不成立。

引用

页码：1255 / 1276

页数：22

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