赞比亚金融深化与经济增长

Y. Gebremeskel, Malizyani Chilanga
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引用次数: 1

摘要

一个拥有广泛金融服务的强大金融体系对经济增长和发展具有重要影响。在本文中,我们使用1986年至2017年的数据来检验金融深化对赞比亚经济增长的影响。金融深化可以用国内对私营部门的信贷占GDP的比例(DCPY)、流动负债占GDP的比例(LLY)和金融体系存款占GDP的比例(FSD)来表示。我们使用约束检验方法来协整,证明使用自回归分布滞后(ARDL)模型是合理的。研究发现,DCPY在短期内影响不显著,但在长期内有显著的负影响,而变量LLY和FSD在长期均无显著影响,但其前两个值在短期内有显著影响。LLY值有正向显著影响,FSD值有负向显著影响。因此,我们得出结论,金融深化变量与赞比亚GDP增长率之间存在弱联系。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Financial Deepening and Economic Growth in Zambia
A strong financial system with a wide range of financial services has an impact on economic growth and development. In this paper, we examine the effects of financial deepening on Zambia’s economic growth using data from 1986 to 2017. Financial deepening is approximated by domestic credit to the private sector as a ratio of GDP (DCPY), liquid liabilities as a ratio of GDP (LLY), and financial system deposits as a ratio of GDP (FSD). We use bound test approach to co-integration that justified the use of the Autoregressive Distributed Lag (ARDL) model. The study found that DCPY had an insignificant effect in the short-run but a significant negative effect in the long-run, whilst the variables LLY and FSD had insignificant effects in both the long-run but their two previous values had significant effects in the short-run. LLY’s values had positive significant effects while FSD’s values had negative significant effects. Therefore we concluded that there is weak link between financial deepening variables and GDP growth rate in Zambia.
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