金融结构调整对经济效果影响研究--基于含交叉项的固定效应面板模型的视角

摘要

This paper , with cross-term fixed-effects panel model , studies the effects of the financial restructuring of the impact on the economy , and analyzes whether this effect is related to the level of economic development as well as the econom -ic crisis.The study finds that the financial restructuring will bring the different impact on the developed economies and emer -ging economies , but in times of financial crisis and non-crisis period of financial restructuring , the effect on the real economy will be different in extent and direction .%本文采用含交叉项的固定效应面板模型研究金融结构调整对经济效果的影响，并分析这种影响是否与经济发展水平及经济危机有关。研究发现，金融结构的调整对发达经济体和新兴经济体的影响效应具有差异性，而且在金融危机时期和非金融危机时期金融结构的调整对实际经济效果的影响程度和方向也有所不同。