制度安排视角下的中国金融结构调整与经济发展
|
摘要
随着经济金融化步伐的加速推进,金融体系在现代经济中的地位日益重要。在现实中,世界各国的金融结构体系存在巨大差异。如何理解这些差异及其与经济发展的关系,不仅是一个相当有争议的学术论题,而且具有很强的政策含义。在已有相关研究中,有大量的文献围绕银行机构和金融市场在金融结构体系中的相对重要性及其对经济发展的影响展开争论,也有相当数量的学者基于不同的契合点分析讨论了不同的银行业结构和金融市场结构的优劣,但是相关研究至今未达成一致的观点。由于政府制度安排作为经济发展史的一种常态,其对经济金融运行的影响不容忽视,因此本文尝试从金融制度安排的新视角,重新审视了金融结构及其调整与经济发展之间的关系。
现有文献在分析金融制度安排及其与经济运行的关系时,过于注重制度安排的特性对经济金融发展的可能影响。然而,在本文看来,不同的金融制度安排在储蓄动员、风险分散以及资金配置方面的作用机制和途径不尽相同且各有利弊,仅仅简单地探讨金融体系的特性或难以确定何种金融结构更有助于经济发展。为了更加准确地分析金融结构与经济发展之间的关系,有必要从金融结构体系和实体经济发展这两个方面的特性共同入手。处于不同发展阶段的实体经济有着差异化的金融服务需求,只有金融结构体系与经济发展的各种内涵相适应,才能最大限度地发挥金融体系的功能,促进实体经济的有效发展。反之,当金融结构体系与经济发展需要不相吻合,那么就有可能引发金融体系的低效运行,并进一步制约实体经济的发展。因此,在既定经济发展阶段,如何调整和优化金融结构体系,促进金融结构与实体经济的适应性发展,是一个富有现实意义的论题。当然,金融结构体系对政府制度安排的依赖,又要求在调整和优化金融结构的同时,强调对金融制度安排的调整与改革。
在行文路径上,本文第二章对金融结构与经济发展的相关理论进行了简要回顾,通过相关理论述评,勾勒出全文的分析思路；在第三章,本文首先立于政府金融制度安排层面探讨了其对金融结构及其调整的影响,然后在制度安排约束下就金融结构调整与经济发展之间的作用机制进行了分析。考虑到现有学界鲜有系统地兼顾经济发展的内在属性,本文即着眼于经济发展所具有的“经济总量增长、经济结构调整与优化、经济质量改善与提高”之内涵,分别从“经济增长、产业结构升级(高新技术产业发展)和区域经济优化”三个维度深入阐述了金融结构调整与经济发展的关系机理,并在机理分析基础上,分别构建了理论模型；本文在第四章设计了衡量金融结构与金融制度安排的指标体系,并运用主成分法分析得出金融结构综合指标因子和金融自由化指数,为第五至第七章从经济增长和产业结构两个层面对全国和区域的金融结构调整与经济发展关系的实证研究打下了基础。另外,在增长层面的分析中,本文还粗线条地统计分析了中国金融结构调整的一般趋势及演变中具有的特征；本文最后一章是对全文的总结及由理论和实证分析折射的政策建议,同时还对文章的不足及进一步研究的方向作了明确。
本文的分析结论显示,金融结构调整与经济发展之间通过借助相应的媒介而实现相互的动态作用,但在不同金融制度安排下的作用机制有所差异。政府制度安排的存在降低了金融结构与经济发展之间的适应性,而金融制度安排的放松也即金融自由化则有助于金融体系结构的调整和优化,进而可以提高金融结构与经济发展的匹配度,促进实体经济的发展。具体而言,代表金融结构不同构成成分的直接融资因子和间接融资因子均能从经济增长、产业结构升级、高新技术产业发展三个方面促进整体经济的发展,并且以间接融资因子的作用更大；在区域金融结构与经济发展的关系中,银行业和证券业的发展都有助于区域经济的增长和产业结构的调整与升级,只是证券市场对经济发展水平的提升作用更加显著；金融自由化指数水平的提高,不仅有利于经济总量的增长,也有助于高新技术产业和整个产业结构体系的发展,特别是有利于第一产业的发展。如此分析结论要求,优化以银行为主导的间接融资模式,通过利率市场化引导影子银行的显性发展；加快以证券为主的直接融资模式建设,引导并支持非金融机构和互联网金融的健康发展；注重区域金融与区域经济的均衡发展,提升区域金融结构体系在经济发展中的正向作用；继续推动金融自由化,促进金融产权多元化和金融市场机制发展,降低政府制度安排在经济金融发展中的不利影响；在产业政策导向上,加大对民企的支持力度,促进民间资本在不同产业和地区间的流动。
The status of the financial system in the modern economy is increasingly important with the accelerated pace of economic and financial developments. In the real economy, there are huge differences in terms of the financial architecture in the world. How to understand these differences and their relationship with economic development, not only it is a very controversial academic topics, but also has a strong policy implications. In the related studies, there had been heavily argued around the relative importance and its impact on the system of financial structure of banking institutions and financial markets, there also had been discussed by a considerable number of scholars based on different analyzes about advantages and disadvantages of the different banking structures and financial market structure, however, these related studies had not reached the consistent point of view. Since the government institutional arrangements as a normal economic history of economic development, and its impact on the economic and financial operation can not be ignored, so this article re-examines the relationship between the adjustment of financial structure and economic development from the new perspective of the financial institutional arrangements.
When analyzing the relationship between institutional arrangements and financial and economic operation in existing studies, it too much emphasized on the characteristics of the institutional arrangements that may affect the economic and financial development. However, in this paper, it appears that different institutional arrangements are not exactly the same and have their own advantages and disadvantages in the respect of financial savings mobilization, risk diversification, the role and pathways of capital allocation mechanisms, then just simply investigating the characteristics of the financial system may be difficult to determine what the financial structure more conducive to economic development. In order to more accurately analyze the relationship between financial structure and economic development, it is necessary to start from the characteristics of the financial system and the real economy structure. At different stages of the real economic development had differentiated demand for financial services, only financial architecture adapted to various connotations of economic development, which will maximize the function of the financial system and promote the effective development of the real economy. On the contrary, when financial architecture is incompatible with the need of economic development, then it may lead to inefficient operation of the financial system and further restrict the real economic development. Thus, in a given stage of economic development, how to adjust and optimize financial architecture, and promote the development of financial structure and adaptability of the real economy, is a rich topic of practical significance. Of course, financial architecture dependence on government institutional arrangements, also requested to adjust and optimize the financial structure in the same, which stresses the adjustment and reform of the financial system arrangements.
In this paper, it gives a brief review on the theory of financial structure and economic development, and sketches out ideas about the full-text analysis through the relevant theoretical review in chapter II; In chapter III it firstly discusses the impact on the adjustment of financial structure and then discusses the intrinsic mechanisms of financial restructuring and economic development based on the level of government institutional arrangements. Considering the few existing studies systematically taken into account the intrinsic properties of economic development, this paper focuses on the connotation of economic development, which are total economic growth, economic restructuring and optimization, improving and enhancing economic quality, and further elaborates the mechanism of the relationship between financial structure and economic development respectively from the three dimensions, which are economic growth, industrial structure upgrading (high-tech industrial development) and regional economic optimization, then constructs theoretical models on the basis of the mechanism analysis. In chapter IV this paper designs index system to measure the financial structure and financial institutional arrangements, and draws comprehensive index factor of financial structure and index of financial liberalization, which lay the foundation for empirical analysis on the relationship between national and regional financial structure adjustment and economic development respectively from the two levels of economic growth and industrial structure from in chapter V to chapter VII. In addition, this paper also roughly analyzes the general trends and development characteristics of financial restructuring in China from the level of economic growth; the final chapter of this paper is a summary of the full text and policy recommendations through theoretical and empirical analysis of refraction, and points out simultaneously inadequate places and further research directions.
Analysis conclusion shows that it achieves a dynamic role in relation to each other between financial restructuring and economic development by means of the appropriate intermediary, but there are differences in the mechanism under different financial institutional arrangements. Government institutional arrangements reduce the adaptability of financial restructuring and economic development, and the relaxation of financial institutional arrangements, which means that financial liberalization helps to adjust and optimize financial architecture, thereby improves the matching degree of financial structure and economic development, promotes the real economic development. Specifically, direct financing factor and indirect financing factor representing different constituents of financial structure can promote the overall economic development from three aspects of economic growth, industrial structure upgrading, and high-tech industry development, which has a greater role by indirect financing factor; in the relationship between regional financial structure and economic development, banking and securities industry have contributed to the regional economic development, but securities industry has more significant effect to enhance the economic level; improving the level of financial liberalization index, that not only helps to grow the level of total economy, but also contributes to the development of high-tech industries and the entire system of industrial structure, particularly to the development of the first industry. This analysis conclusion claims, that optimizes indirect bank-dominated financing model through interest rate market guiding dominant healthy development of shadow banking, and that accelerates direct stock market-based financing model building which guides and supports the healthy development of non-financial institutions and Internet banking; that focus on the balanced development of regional financial and regional economy, and enhances the positive role of regional financial architecture in economic development; that continues to promote financial liberalization, diversification of property rights to promote the development of financial mechanisms and financial markets, and reduces the adverse effects on government institutional arrangements in the economic and financial development; on industrial policy, that increases efforts to support private enterprises which promotes private capital flows between different industries and regions.
现有文献在分析金融制度安排及其与经济运行的关系时,过于注重制度安排的特性对经济金融发展的可能影响。然而,在本文看来,不同的金融制度安排在储蓄动员、风险分散以及资金配置方面的作用机制和途径不尽相同且各有利弊,仅仅简单地探讨金融体系的特性或难以确定何种金融结构更有助于经济发展。为了更加准确地分析金融结构与经济发展之间的关系,有必要从金融结构体系和实体经济发展这两个方面的特性共同入手。处于不同发展阶段的实体经济有着差异化的金融服务需求,只有金融结构体系与经济发展的各种内涵相适应,才能最大限度地发挥金融体系的功能,促进实体经济的有效发展。反之,当金融结构体系与经济发展需要不相吻合,那么就有可能引发金融体系的低效运行,并进一步制约实体经济的发展。因此,在既定经济发展阶段,如何调整和优化金融结构体系,促进金融结构与实体经济的适应性发展,是一个富有现实意义的论题。当然,金融结构体系对政府制度安排的依赖,又要求在调整和优化金融结构的同时,强调对金融制度安排的调整与改革。
在行文路径上,本文第二章对金融结构与经济发展的相关理论进行了简要回顾,通过相关理论述评,勾勒出全文的分析思路；在第三章,本文首先立于政府金融制度安排层面探讨了其对金融结构及其调整的影响,然后在制度安排约束下就金融结构调整与经济发展之间的作用机制进行了分析。考虑到现有学界鲜有系统地兼顾经济发展的内在属性,本文即着眼于经济发展所具有的“经济总量增长、经济结构调整与优化、经济质量改善与提高”之内涵,分别从“经济增长、产业结构升级(高新技术产业发展)和区域经济优化”三个维度深入阐述了金融结构调整与经济发展的关系机理,并在机理分析基础上,分别构建了理论模型；本文在第四章设计了衡量金融结构与金融制度安排的指标体系,并运用主成分法分析得出金融结构综合指标因子和金融自由化指数,为第五至第七章从经济增长和产业结构两个层面对全国和区域的金融结构调整与经济发展关系的实证研究打下了基础。另外,在增长层面的分析中,本文还粗线条地统计分析了中国金融结构调整的一般趋势及演变中具有的特征；本文最后一章是对全文的总结及由理论和实证分析折射的政策建议,同时还对文章的不足及进一步研究的方向作了明确。
本文的分析结论显示,金融结构调整与经济发展之间通过借助相应的媒介而实现相互的动态作用,但在不同金融制度安排下的作用机制有所差异。政府制度安排的存在降低了金融结构与经济发展之间的适应性,而金融制度安排的放松也即金融自由化则有助于金融体系结构的调整和优化,进而可以提高金融结构与经济发展的匹配度,促进实体经济的发展。具体而言,代表金融结构不同构成成分的直接融资因子和间接融资因子均能从经济增长、产业结构升级、高新技术产业发展三个方面促进整体经济的发展,并且以间接融资因子的作用更大；在区域金融结构与经济发展的关系中,银行业和证券业的发展都有助于区域经济的增长和产业结构的调整与升级,只是证券市场对经济发展水平的提升作用更加显著；金融自由化指数水平的提高,不仅有利于经济总量的增长,也有助于高新技术产业和整个产业结构体系的发展,特别是有利于第一产业的发展。如此分析结论要求,优化以银行为主导的间接融资模式,通过利率市场化引导影子银行的显性发展；加快以证券为主的直接融资模式建设,引导并支持非金融机构和互联网金融的健康发展；注重区域金融与区域经济的均衡发展,提升区域金融结构体系在经济发展中的正向作用；继续推动金融自由化,促进金融产权多元化和金融市场机制发展,降低政府制度安排在经济金融发展中的不利影响；在产业政策导向上,加大对民企的支持力度,促进民间资本在不同产业和地区间的流动。
The status of the financial system in the modern economy is increasingly important with the accelerated pace of economic and financial developments. In the real economy, there are huge differences in terms of the financial architecture in the world. How to understand these differences and their relationship with economic development, not only it is a very controversial academic topics, but also has a strong policy implications. In the related studies, there had been heavily argued around the relative importance and its impact on the system of financial structure of banking institutions and financial markets, there also had been discussed by a considerable number of scholars based on different analyzes about advantages and disadvantages of the different banking structures and financial market structure, however, these related studies had not reached the consistent point of view. Since the government institutional arrangements as a normal economic history of economic development, and its impact on the economic and financial operation can not be ignored, so this article re-examines the relationship between the adjustment of financial structure and economic development from the new perspective of the financial institutional arrangements.
When analyzing the relationship between institutional arrangements and financial and economic operation in existing studies, it too much emphasized on the characteristics of the institutional arrangements that may affect the economic and financial development. However, in this paper, it appears that different institutional arrangements are not exactly the same and have their own advantages and disadvantages in the respect of financial savings mobilization, risk diversification, the role and pathways of capital allocation mechanisms, then just simply investigating the characteristics of the financial system may be difficult to determine what the financial structure more conducive to economic development. In order to more accurately analyze the relationship between financial structure and economic development, it is necessary to start from the characteristics of the financial system and the real economy structure. At different stages of the real economic development had differentiated demand for financial services, only financial architecture adapted to various connotations of economic development, which will maximize the function of the financial system and promote the effective development of the real economy. On the contrary, when financial architecture is incompatible with the need of economic development, then it may lead to inefficient operation of the financial system and further restrict the real economic development. Thus, in a given stage of economic development, how to adjust and optimize financial architecture, and promote the development of financial structure and adaptability of the real economy, is a rich topic of practical significance. Of course, financial architecture dependence on government institutional arrangements, also requested to adjust and optimize the financial structure in the same, which stresses the adjustment and reform of the financial system arrangements.
In this paper, it gives a brief review on the theory of financial structure and economic development, and sketches out ideas about the full-text analysis through the relevant theoretical review in chapter II; In chapter III it firstly discusses the impact on the adjustment of financial structure and then discusses the intrinsic mechanisms of financial restructuring and economic development based on the level of government institutional arrangements. Considering the few existing studies systematically taken into account the intrinsic properties of economic development, this paper focuses on the connotation of economic development, which are total economic growth, economic restructuring and optimization, improving and enhancing economic quality, and further elaborates the mechanism of the relationship between financial structure and economic development respectively from the three dimensions, which are economic growth, industrial structure upgrading (high-tech industrial development) and regional economic optimization, then constructs theoretical models on the basis of the mechanism analysis. In chapter IV this paper designs index system to measure the financial structure and financial institutional arrangements, and draws comprehensive index factor of financial structure and index of financial liberalization, which lay the foundation for empirical analysis on the relationship between national and regional financial structure adjustment and economic development respectively from the two levels of economic growth and industrial structure from in chapter V to chapter VII. In addition, this paper also roughly analyzes the general trends and development characteristics of financial restructuring in China from the level of economic growth; the final chapter of this paper is a summary of the full text and policy recommendations through theoretical and empirical analysis of refraction, and points out simultaneously inadequate places and further research directions.
Analysis conclusion shows that it achieves a dynamic role in relation to each other between financial restructuring and economic development by means of the appropriate intermediary, but there are differences in the mechanism under different financial institutional arrangements. Government institutional arrangements reduce the adaptability of financial restructuring and economic development, and the relaxation of financial institutional arrangements, which means that financial liberalization helps to adjust and optimize financial architecture, thereby improves the matching degree of financial structure and economic development, promotes the real economic development. Specifically, direct financing factor and indirect financing factor representing different constituents of financial structure can promote the overall economic development from three aspects of economic growth, industrial structure upgrading, and high-tech industry development, which has a greater role by indirect financing factor; in the relationship between regional financial structure and economic development, banking and securities industry have contributed to the regional economic development, but securities industry has more significant effect to enhance the economic level; improving the level of financial liberalization index, that not only helps to grow the level of total economy, but also contributes to the development of high-tech industries and the entire system of industrial structure, particularly to the development of the first industry. This analysis conclusion claims, that optimizes indirect bank-dominated financing model through interest rate market guiding dominant healthy development of shadow banking, and that accelerates direct stock market-based financing model building which guides and supports the healthy development of non-financial institutions and Internet banking; that focus on the balanced development of regional financial and regional economy, and enhances the positive role of regional financial architecture in economic development; that continues to promote financial liberalization, diversification of property rights to promote the development of financial mechanisms and financial markets, and reduces the adverse effects on government institutional arrangements in the economic and financial development; on industrial policy, that increases efforts to support private enterprises which promotes private capital flows between different industries and regions.
引文
[1]Acemoglu,Daron, Simon Johnson, and James A. Robinson. Institutions as the Fundamental Cause of Long-Run Growth[J].NBER Working Paper,2004:w10481.
[2]Ajit Singh,Bruce A.Weisse,Emerging Stock Markets,Portfolio Capital Flows and Long-term Economic Growth:Micro and Macroeconomic Perspectives[J].World Development,1998, Vol,26(4):607-622.
[3]Allen,F.and Gale,D,Diversity of Opinion and the Financing of New Technologies[J] Journal of Financial Intermediation, Elsevier,1999,V8(1-2):68-89.
[4]Allen,Gale,Comparing Financial Systems[M].MIT Press,1999.
[5]Ang J.b.,McKibbin W.J.,Financial Liberalization,Financial Sector Development and Growth: Evidence from Malay sia[J]. Journal of Development Economics,2007,V84(1):215-233.
[6]Antinol G., Prasad S. Commitment, banks and markets[J]. Journal of Monetary Economics, 2008,V55:265-277.
[7]Arestis, P., P.O. Demetriades, Luintel B. Financial Development and Economic Growth:The Role of Stock Markets[J]. Journal of Money, Credit, and Banking,2001,V33:16-41.
[8]Arnold,L.and Walz,U,Financial Regimes,CapitalStructure and Growth[J].European Journal of Political Economy,2000(16):491-508.
[9]Asada T., Semmiler W. Growth and Finance:An Intertemporal Model [J] Journal of Macroeconomics,1995, v 17(4):623-649.
[10]Bandiera et.al..Does financial reform raise or reduce savings? [J].Review of Economics and Statistics 2000,82(2):239-263.
[11]Barth, J.R., Caprio, G.& Levine, R. Bank Regulation and Supervision:What Works Best? [J] Journal of Financial Intermediation,2004(13):205-248.
[12]Beck T., Levine R.,Loayza N. Finance and the Sources of Growth[J]. Journal of Financial Economic,2000, V58(1-2):261-300.
[13]Beck Thorsten, Lundberg M., Majnoni G. Financial intermediary development and growth volatility:Do intermediaries dampen or magnify shocks?[J]. Journal of International Money and Finance,2006,V25:1146-1167.
[14]Bencivenga, V.R., Smith B. D., Financial Intermediation and Endogenous Growth[J].Review of Economic Studies, Blackwell Publishing,1991,V58(2):195-209.
[15]Bencivenga, V.R., Smith B. D.,Starr R.M. Liquidity of Secondary Capital Markets[J]. Journal of Economic Dynamics and Control,1993,V17:97-122.
[16]Berger A.N., Udell G.F. The economics of small business finance:The roles of private equity and debt markets in the financial growth cycle [J]. Journal of Banking & Finance, 1998,V22:613-673.
[17]Bernanke B., Gertler M. Financial Fragility and Economic Performance [J]. The Quarterly Journal of Economics, MIT Press, V105(1):87-114.
[18]Bernanke B., Gertler M. Agency costs, net worth, and business fluctuations [J]. American Economic Review,1989,V79:14-31.
[19]Bhattacharya S., Chiesa, G. Financial intermediation with proprietary information[J]. Journal of Financial Intermediation,1995,V4:328-357.
[20]Black,Moersch,Competition and Convergerce in Financial Markets[M].The German and anglo-American Models.North-Holland press,1998.
[21]Boot A.W.A., Relationship Banking:What Do We Know?[J]. Journal of Financial Intermediation, Elsevier,2000,V9(1):7-25.
[22]Boot A.W.A., Thakor A.V. Can Relationship Banking Survive Competition?[J]. Journal of Finance, American Finance Association,2000,V55(2):679-713.
[23]Boyd,J.,E.Prescott,Financial intermediary-coalitions[J].Financial Theory,1986(38): 211-232.
[24]Bose N. Endogenous growth and the emergence of equity finance[J]. Journal of Development Economics,2005,V77:173-188.
[25]Boot, Arnoud, and Anjan Thakor, Financial System Architecture [J].Review of Financial Studies,1997(10):693-733.
[26]Brahmastene T. Cointergration and causality between stock index and macroeconomic variables in an emerging market[J]. Academy of Accounting and Financial Studies Journal, 2007,V11(3):17-30.
[27]Caminal, R., Matutes, C. Market power and banking failures[J]. Int. J. Ind. Organ. V20(9):1341-1361.
[28]Cralina W., Mayer C. Finance, investment, and growth[J]. Journal of Financial Economics, 2003,V69:191-226.
[29]Chakrabortya S., Ray T. Bank-based versus market-based financial systems:A growth-theoretic analysis[J]. Journal of Monetary Economics,2006, V53:329-350.
[30]Chakrabortya S., Ray T. The development and structure of financial systems[J]. Journal of Economic Dynamics & Control,2007,V31:2920-2956.
[31]Chinn M.D., Ito H. What matters for financial development? Capital controls, institutions, and interactions,[J]. Journal of Development Economics,2006,V81:163-192.
[32]Dziobek, Claudia,Garrett, John R. Convergence of Financial Systems and Regulatory Policy Challenges in Europe and in the United States[M]. Stanley W. Black, Mathias Moersch (eds.), Competition and Convergence in Financial Markets. Amsterdam:Elsevier, 1998:195-215.
[33John R.Commons,Institutional Economics[M]. University of Wisconsin Press,1934.
[34]Coricelli F. Finance and growth in economies in transition[J]. European Economic Review, 1996,V40:645-653.
[35]Corbett and Jenkinson, (1996), OECD (R),1996。
[36]Darrat, Ali F & Glascock, John L,. Real Estate Returns, Money and Fiscal Deficits:Is the Real Estate Market Efficient?[J]. Real Estate Finance and Economics, Springer, 1989,v2(3):197-208.
[37]Deidda L., Fattouh B. Non-linearity between finance and growth[J]. Economics Letters, 2002,V74:339-345.
[38]Deidda L. Interaction between economic and financial development[J]. Journal of Monetary Economics,2006,V53:233-248.
[39]Demirguc-Kunt, and R. Levine, Bank Supervision and Corporate Finance [J].NBER Working Paper Series,2003.
[40]Demirguc-Kunt, A. and Maksimovic, V.,Funding Growth in Bank-based and Market-based Financial Systems:Evidence from Firm-level Data[J].Financial Economics,2002, 65(3):337-363.
[41]Diamond, D. W.,Financial intermediation and delegated monitoring[J].Review of Economic Studies,1984(51):393-414.
[42]Diamond, D., Dibvig P., Bank runs, deposit insurance, and liquidity[J]. Political Economy,1983(91):401-419.
[43]Dutta and Kapur, Liquidity Preference and Financial Intermediation[J].Review of Economic Studies,1998, Vol65(3):551-572.
[44]Franklin Allen, Douglas Gale,《比较金融系统》,中国人民大学出版社,2002。
[45]Fry M.J."Money, interest and banking in economic development[M]. John Hopkins University Press,1988.
[46]Guiso, Luigi, Paola Sapienza and Luigi Zingales,The Role of Social Capital in Financial Development[J].American Economic Review.2004,94(3):526-556.
[47]Guiso, Luigi, Paola Sapienza and Luigi Zingales,People's Opium? Religion and Economic Attitudes[J].Monetary Economics.2003,50(1):225-282.
[48]Sapienza, Paola,The Effects of Banking Mergers on Loan Contracts[J].Finance. 2002,57(1):329-367.
[49]Giovannini A. The interest rate elasticity of saving in developing countries:the exsiting evidence[J]. World Development,1983,V1(11).
[50]Goldsmith, Fiancail Structure and Economic Development[M].Yale University Press,1969.
[51]Greenwood J., Jovanovic B. Financial Development, Growth, and the Distribution of Income[J]. Journal of Political Economy,1990, V98(5):1076-1107.
[52]Greenwood,J. and Smith,B.D., Financial Markets in Developmentn and The Development of Financial Markets [J].Economic Dynamics and Control,1997(21):145-181.
[53]Gurley J.G Shaw E.S. Financial Aspects of Economic Development[J]. American Economic Review,1955.V45:515-538.
[54]Gupta.Aggregate savings, financial intermediation and interest rates[J]. Review and Economics and Statistics,1987,Vol(69).
[55]Hellwig M. Banks, markets, and the allocation of risks in an economy[J]. Journal of Institutional and Theoretical Economics,1998, V154:328-345.
[56]Hellwig M. Financial Intermediation with Risk Aversion[J].Review of Economic Studies, Blackwell Publishing,2000, V67(4):719-742.
[57]Jose D.Gregorio,Pablo E.Guidotti, Financail Development and Economic Growth[J].World Development,1995,Vol.23(3):433-448.
[58]Jayaratne,J.andP.E.Strahan,The Finance-Growth Nexus:Evidence from Bank Branch Deregulation[J].The Quarterly Journal of Economics,1996,V(111)3:639-670.
[59]Katherine A.Samolyk, A regional perspective on the credit view[J].Economic Review, Federal Reserve Bank of Cleveland,1991 (11),27-38.
[60]King R.G. Levine R. Finance, Entrepreneurship, and Growth:Theory and Evidence[J] Journal of Monetary Economics,1993,V32(3):523-542.
[61]LaPorta, Lopez-de-Silanes、Shleifer and Vishny,Leagal Determinants of External Finance[J].Finance,1997(52):1131-55.
[62]Levine R., Financial intermediary services and growth[J]. Journal of the Japanese and International Economies,1992,V6(4):383-405.
[63]Levine R., Financial Development and Economic Growth:Views and Agenda[J] Journal of Economic Literature,1997,V35:688-726.
[64]Levine R., Zervos S. Stock Markets, Banks and Economics Growth[J]. American Economic Review,1998, V88(3):537-558.
[65]Levine R. Law, Finance, and Economic Growth[J] Journal of Financial Intermediation, 1999,V8:8-35.
[66]Levine R., Loayza Norman., Beck T. Financial Intermediation and Growth:Causality and Causes[J]. Journal of Monetary Economics,2000, V46(1):31-77.
[67]Lucas,R.E.Jr.On the Mechanics of Economic Development[J].Monetary Economics, 1988(49).
[68]Mayer, Wolfgang. Endogenous Traiff Formation[J].American Economic Review 1984(74):970-85.
[69]Merton, Robert,A functional perspective of financial intermediation[J].Financial Management,1995(24):23-41.
[70]Northam,R.M.Urban Geography [M].New York:John Wiley&Sons,1975.
[71]Hellmann T.F., Murdock, K.C., Stiglitz J.E.,Liberalization, Moral Hazard in Banking, and Prudential Regulation:Are Capital Requirements Enough? [J]. The American Economic Review,2000 (Mar.),Vol90 (1):147-165.
[72]Patriek,H.T.., Financial develoPment and eeonomic growth indeveloPing countries [J]. Economic and Cultural Change,1966,V 14(2),174-189.
[73]Rajan, Insiders and Outsiders:The Choice Between Informed and Arms Length Debt[J] Journal of Finance,1992,47(4):1367-1440.
[74]Rajah, Raghuram and Zingales, Luigi,Saving Capitalism from the Capitalists:Unleashing the Power of Financial Markets to Create Wealth and Spread Opportunity [M].New York: Crown Business,2003.
[75]Raymond A., Jovanovic B. Stock Markets and Development[J]. European Economic Review,1993,V37(2-3):632-640.
[76]Rioja F., Valev N. Does one size fit all? a re-examination of the finance and growth relationship[J]. Journal of Development Economics,2004, V74:429-447.
[77]Roubini,Sala-I-Martin.Financial Repression and Economic Growth[J].Development Economics,1992 V(39).
[78]Rousseau P.L., Wachtel P. Equtiy Markets and Growth:Cross-Country Evidence on Timing and Outcomes,1980-1995 [J]. Journal of Business and Finance, 2000,V24(1):1933-1957.
[79]Rousseau P.L., Vuthipadadorn D. Finance, investment, and growth:Time series evidence from 10 Asian economics[J].Macroeconomics,2005,V27:87-106.
[80]Ross Levine.Bank-Based and Market-Based Financial Systems:Cross-Country Comparisons[J].World Bank Policy Research Working Paper,1999(7):2143.
[81]Rungsomboon S. Is Bank and Non-bank Lending Different? Evidence from Thai Corporate Lending[J]. Chulalongkorn Journal of Economics,2005, V17(2):163-196.
[82]Rungsomboon S. Deterioration of Firm Balance Sheet and Investment Behavior:Evidence from Panel Data on Thai Firms[J]. Asia Economic Journal,2005, V19(3):335-357.
[83]Schiavo S., Vaona A. Poolability and the finance-growth nexus:A cautionary note[J]. Economics Letters,2008, V98:144-147.
[84]Shleifer A., Vishny R. Large Shareholders and Corporate Control [J]. Journal of Political Economy,1986,V94:461-488.
[85]Shaw,Edward,.Financial Deeping in Economic Development[J].Oxford University Press,1969.
[86]Singh Ajit. Financial Liberalisation, Stockmarkets and Economic Development[J]. Economic Journal, Royal Economic Society,1997, V107(442):771-782.
[87]Smith. B.D., Boyd J.H., The evolution of debt and equity markets in economic development[J]. Economic Theory, Springer,1998,V12(3):519-560.
[88]Solomon Tadesse. Financial Architecture and Economic Performance:International Evidence[J]. Financail Development and Technology,2002, V(11):429-454.
[89]Stiglitz,Credit Markets and the control of Capital[J] Journal of Money,Credit and Banking,1985,17(2):133-52.
[90]Strawczynski M., Dahan M. Government finance and endogenous growth[J]. Applied Economics,1996, V3:789-791.
[91]Syrguin,M.,Chenery,H.B,Three decades of industrialization[J].The World Bank Economic Reviews,1989,(3):152-153.
[92]Tadesse S. Financial Architecture and Economic Performance:International Evidence [J]. Journal of Financial Intermediation, Elsevier,2002, V11(4):429-454.
[93]Thorsten Beck,The Econometrics of Finance and Growth[R].The World Bank Development Research Group Finance and Private Sector Team,2008(April).
[94]Tobin,J.,The Interest-Elasticity of Transactions Demand for Cash[J].The Review of Economics and Statistics,1956:241-274.
[95]Tung Liu, Kui O Wai Li. Impact of liberalization of financial resource in China's economic growth evidence form provinces[J]. Journal of Asian Economics,2001, V(12):245-262.
[96]Taylor, Lance. Structuralist Macroeconomics [J].New York Basic Books Inc.1983.
[97]Van Wijinbergen.Interest Rate Management In LDCs[J]. Monetary Economics, 1983,V(12):433-452.
[98]Wagner W. Financial development and the opacity of banks[J]. Economics Letters,2007, V97:6-10.
[99]Weinstein D.E., Yafeh Y. On the Costs of a Bank-Centered Financial System:Evidence from the Changing Main Bank Relations in Japan[J]. Journal of Finance, American Finance Association,1998, V53:635-672.
[100]Willianms J., Nguyen N. Financial liberalisation, crisis, and restructuring:A comparative study of bank performance and bank governance in South East Asia[J]. Journal of Banking & Finance,2005,V29:2119-2154.
[101]Yartey C.A. Financial development, the structure of capital markets, and the global digital divide[J].Information Economics and Policy,2008, V20:208-227.
[102]W urgler,Jeffrey,Financial Markets and the Allocation of Capital[J].Financia 1 Economics, 2000(58):1187-214.
[103]爱德华·S·肖.经济发展中的金融深化[M],上海：上海三联出版社,1988。
[104]埃斯里·德米尔古克一肯特,罗斯·莱文.金融结构和经济增长：银行、市场和发展的跨国比较[M],北京：中国人民大学出版社,2006。
[105]宾国强.实际利率、金融深化与中国的经济增长[J].经济科学,1999(3)：32-38。
[106]白钦先.比较银行学[M].河南：河南出版社,1989。
[107]白钦先.百年金融的历史性变迁[J].国际金融研究,2003(2)：59-63。
[108]白钦先.金融结构、金融功能演进与金融发展理论的研究历程[J].经济评论,2005(3)：39-45。
[109]白钦先,张润林,杜欣.金融结构视角下的金融稳定论[J].武汉金融,2006(2)：10-13。
[110]蔡则祥.金融结构优化论[M].北京：中国社会科学出版社,2006。
[111]程建胜.我国融资总规模研究[J].金融研究,1998(6)：20-27。
[112]戴根有.关于我国货币政策的理论与实践问题[J].金融研究,2000(9)：1-12。
[113]邓淇中等.区域金融发展规模、结构、效率与经济增长关系的动态分析[J].统计与信息论坛,2012(1)：43-44。
[114]邓瑛.金融结构的优化——可持续发展角度的金融发展模式[J].贵州财经学院学报,2001(4)：37-40。
[115]范方志,张立军.中国地区金融结构转变与产业结构升级研究[J].金融研究,2003(11)：36-47。
[116]樊纲,王小鲁,张立文,朱恒鹏.中国各地区市场化相对进程报告[J].经济研究,2003(3)：9-18。
[117]傅进,吴小平.金融影响产业结构调整的机理分析[J].金融纵横,2005(2)：30-34。
[118]傅晓霞,吴利学.制度变迁对中国经济增长贡献的实证分析[J].南开经济研究,2002(4)：70-75。
[119]高铁梅.计量经济分析方法与建模—-Eviews应用及实例[M].北京：清华大学出版社,2009。
[120]郭明星,董直庆,王林辉.经济增长制度决定论的前沿文献综述[J].经济学动态2008(8)：67-71。
[121]何大安.投资运行机理分析引论[M].上海：上海三联书店,上海人民出版社,2005。
[122]韩正清,王燕,王千六.城乡经济金融二元结构：理论关系与实证分析[J].财经问题研究,2010(2)：118-123。
[123]韩廷春.金融发展与经济增长：经验模型与政策分析[J].世界经济,2001,(6)：3-9。
[124]黄少安,宫明波.论两主体情形下合作剩余的分配——以悬赏广告为例[J].经济研究,2003(12)：78-85。
[125]国晓丽.金融发展与产业结构调整关系的实证研究——以北京为例[J].技术经济与管理研究,2011(7)：94-97。
[126]格利,肖.金融理论中的货币[M].上海：上海三联书店,上海人民出版社,1996。
[127]格雷夫.制度、历史和发展.制度经济学研究[M].北京：经济科学出版社,2006。
[128]惠晓峰,沈静.东北三省金融发展与产业机构升级关系的实证研究与比较[J].哈尔滨工业大学学报(社会科学版),2006(2)：87-91。
[129]姜维俊.中国金融资产结构分析(上、下)[J].财贸经济,1999(5、6)：21-30。
[130]江曙霞,严玉华.中国GDP结构升级和金融结构转变的协调性研究[J].财经理论与实践(双月刊),2006(1)：18-23。
[131]金雪军,朱建芳.中国各地区金融市场化的实证分析[J].电子科技大学学报(社科版),2006(4)：10-15。
[132]金玉国.宏观制度变迁对转型时期中国经济增长的贡献[J].财经科学,2001(2)：24-28。
[133]孔祥毅.百年金融制度变迁与金融协调[M].北京：中国社会科学出版社,2002。
[134]赖溟溟.金融结构变迁与持续的经济增长——基于银行主导型和市场主导型金融体系视角的分析[M].中国金融出版社,2011。
[135]劳平,白剑眉.金融结构变迁的理论分析[J].厦门大学学报(哲学社会科学版),2005(3)：64-69。
[136]雷蒙德·W·戈德史密斯.金融结构与金融发展[M].上海：上海三联书店,上海人民出版社,1994。
[137]李春红.我国金融结构的现状及其优化方向[J].重庆大学学报(社会科学版),2002(2)：27-30。
[138]李峰.金融发展、金融结构变迁与经济增长研究——以泰国为例[D].西北大学博 士学位论文,2010。
[139]李广众,陈平.金融中介发展与经济增长：多变量VAR系统研究[J].管理世界,2002(3)：52-59。
[140]李量.现代金融结构导论[M].北京：经济科学出版社,2001。
[141]李放.金融脱媒、融资结构差异与经济增长的实证分析——基于东中西部区域经济的经验证据[J].海南金融,2012(10)。
[142]李茂生.中国金融结构研究[M].北京：中国社会科学出版社,1987。
[143]李健.中国金融发展中的结构问题[M].北京：中国人民大学出版社,2004。
[144]李健、贾玉革.金融结构的评价标准与分析指标研究[J].金融研究,2005(4)：57-67。
[145]李建军,田光宁.中国融资结构的变化与趋势分析[J].财经科学,2001(6)。
[146]李萍.经济增长方式转变的制度分析——从市场机制角度给出的—个基本理论框架[D].西南财经大学博士学位论文,1999。
[147]李卫国,盛连喜,程淑佳.制度因素与中国经济增长方式的转变[J].东北师大学报(哲学社会科学版),2008(03)：40-43。
[148]李援亚.流动性过剩背景下的金融结构优化[J].中南财经政法大学学报,2007(3)：85-89。
[149]林毅,何代欣.经济制度变迁对中国经济增长的影响——基于VECM的实证分析[J].财经问题研究,2012(9)：11-17。
[150]林毅夫等.中国的奇迹：发展战略与经济改革[M].上海：上海三联书店,1994。
[151]林毅夫,李永军.中小金融机构发展与中小企业融资[J].经济研究,2001(1)：10-19。
[152]林毅夫.金融结构与经济增长：以制造业为例[J].世界经济,2003(1)：3-21。
[153]林毅夫,姜烨.经济结构、银行业结构与经济发展——基于分省面板数据的实证分析金[J].金融研究,2006(1)：53-70。
[154]林毅夫,孙希芳.银行业结构与经济增长[J].经济研究,2008(9)。
[155]林毅夫、孙希芳、姜烨.经济发展中的最优金融结构理论初探[J].经济研究,2009(8)：7-13。
[156]林瑛.长三角地区银行业结构与经济增长实证研究[D].复旦大学博士学位论文,2011。
[157]刘赣州.论中部地区产业结构优化升级的金融支持[J].学术界,2005(5)：55-59。
[158]刘红忠、郑海青.东亚国家金融结构与经济增长的实证研究[J].国际金融研究, 2006(5)：49-56。
[159]刘世锦.为产业升级和发展创造有利的金融环境[J].上海金融,1996(4)：11-16。
[160]刘小玄.中国转轨经济中的产权结构和市场结构[J].经济研究,2003(1)：21-30。
[161]刘伟,黄桂田.银行业的集中、竞争与绩效[J].经济研究,2003(11)：14-22。
[162]刘毅,刘申洪.中国金融市场的度量分析[J].财经研究,2002,28(9)：39-46。
[163]张小平,金改核心：降低金融机构国有股比重[J].中国经济导报,2013,11(5)。
[164][美]罗纳德·J·麦金农.经济发展中的货币与资本[M].上海：上海三联出版社,1989。
[165]梁琪、滕建州.股票市场、银行与经济增长：中国的实证分析[J].金融研究,2005(10)：9-19。
[166]马长有.中国金融结构与经济增长的实证分析[J].社会科学研究,2005(3)：55-60。
[167]米建国,李建伟.我国金融发展与经济增长关系的理论思考与实证分析[J].管理世界,2002(4)：21-29。
[168]马宇.资本流动、金融结构变迁与金融风险转移——对美国次贷危机的解释[J].武汉大学学报(哲学社会科学版),2009(3)：400-405。
[169]马宇.新兴市场与发达市场金融危机的不同特点与反危机政策比较——以东亚金融危机和2008年美国金融危机为例[J].武汉大学学报(哲学社会科学版),2010(2)：231-236。
[170]马勇.金融结构、银行发展与经济增长[J].财经科学,2010(2)：10-18。
[171]马克思·韦伯.支配社会学(中译本)[M].广西：广西师范大学出版社,2004。
[172]马智利,周翔宇.中国金融发展与产业结构升级关系的实证研究[J].上海金融,2008(2)：18-21。
[173]蒙丹.金融结构与经济增长关系的实证研究[J].经济与管理,2006(7)：64-67。
[174]孟科学.我国金融结构变化与经济增长的关系[J].云南财贸学院学报(社会科学版),2005(5)。
[175]孟苗.我国金融资产结构与经济增长关联性研究[M].武汉大学硕士学位论文,2008。
[175]道格拉斯·诺斯.经济史中的结构与变迁[M].上海三联书店,1991。
[176][美]R·科斯,A·阿尔钦等.财产权利与制度变迁——产权学派与新制度学派译文集[C].上海：上海三联书店,1991。
[177][美]诺斯,托马斯.西方世界的兴起[M].北京：学苑出版社,1988。
[178][美]富兰克林·艾伦,道格拉斯·盖尔.比较金融体系[M].北京：中国人民大学出版,2002。
[179]彭美红.金融结构与经济增长关系研究[M].浙江工商大学硕士学位论文,2010。
[180]彭兴韵.金融发展的路径依赖与金融自由化[M].上海：上海三联书店、上海人民出版社,2006。
[181]钱健.我国金融资产结构与经济增长的关系研究[M].湖南大学硕士学位论文,2009。
[182]钱颖一.企业的治理结构改革和融资结构改革[J].经济研究,1995(1)：20-29。
[183]钱颖一.市场与法治[J].经济社会体制比较,2000(3)：1-11。
[184]钱水土,江乐.浙江区域金融结构对产业集聚的影响研究——基于面板数据的实证分析[J].统计研究,2009(10)：62-67。
[185]阚超,王付彪,沈谦,陈永春.我国商业银行规模经济实证研究(1992-2003)[J].金融研究,2004(11)：46-53。
[186]荣先恒.金融资产结构与经济增长的协调机理研究——基于中国金融发展的理论与实证分析[D].浙江大学博士学位论文,2005。
[187]舒尔茨.论人力资本投资[M].北京经济学院出版社,1990。
[188]沈军,白钦先.金融结构、金融功能与金融效率——个基于系统科学的新视角[J].财贸经济,2006(1)：23-29。
[189]沈坤荣,张成.金融发展与中国经济增长——基于跨地区动态数据的实证研究[J].管理世界,2004(7)：15-21。
[190]单豪杰,沈坤荣.制度与增长：理论解释及中国的经验[J].南开经济研究,2007(5)：4-17。
[191]史晋川等.经济结构调整与经济发展方式转变[M].经济科学出版社,2012。
[192]史诺平,廖进中,杨炜娜.中国金融发展与产业结构调整关系的实证研究[J].统计与决策,2010(3)：114-116。
[193]宋光辉,柴曼莹.中国居民金融资产增长和金融结构分析[J].华南理工大学学报(社会科学版),2003(6)：67-70。
[194]宋艳伟,李恒炜.中国区域金融发展与经济增长关系研究[J].统计与决策,2007(12)。
[195]孙伍琴.不同金融结构下的信息处理比较[J].统计研究,2003(12)：26-30。
[196]孙伍琴.论金融结构与实体经济的适应效率[J].管理世界,2004(5)：134-135。
[197]谈儒勇.金融发展理论与中国金融发展[M].北京：中国经济出版社,2000。
[198]谈儒勇.中国的金融发展与经济增长关系的实证研究[J].经济研究,2000(4)：53-61。
[199]田代臣.金融结构优化与经济发展研究[D].西南财经大学博士学位论文,2010。
[200]唐寿宁、王晋斌.金融系统演变考查[M].北京：中国财政经济出版社,2002。
[201]萧琛.论美国的“法治设计”对其经济效率的支持[J].美国研究,1995(3)：32-41。
[202]徐静.中国金融结构变迁的动态性研究[M].北京：中国金融出版社,2010。
[203]徐睁.中国区域经济发展中的金融结构差距[J].社会科学,2006(9)：45-53。
[204]王芳.金融理论发展的新趋向[J].世界经济,2002(5)：1-10。
[205]王可达.实现经济发展方式转变的制度安排[J].江西财经大学学报,2010(03)：5-10。
[206]王凤京.金融自由化及其相关理论综述[J].当代财经,2007(6)：121-128。
[207]王广谦.经济发展中金融的贡献和效率[M].北京：中国人民大学出版社,1997。
[208]王广谦.中国金融发展中的结构问题分析[J].金融研究,2002(5)：47-56。
[209]王景武.金融发展与经济增长：基于中国区域金融发展的实证分析[J].财贸经济,2005,(10)：23-27。
[210]王良健,钟春平.产业结构调整中金融发展的作用与定位[J].经济地理,2001(6)：669-673。
[211]王修华,黄明.中国金融发展与二元经济结构转换的实证检验[J].统计与决策,2007(2)：68-70。
[212]王曙光.金融自由化与经济发展[M].北京：中国金融出版社,2008。
[213]王毅.中国区域金融结构差异性分析[D].辽宁大学博士学位论文,2011。
[214]王昕.中国直接融资方式的发展[M].北京：中国计划出版社,2000。
[215]王馨,刘征驰,金常飞,刘娟.区域金融结构与经济增长——基于我国省际面板数据的实证分析[J].工业技术经济,2011(10)：101-102。
[216]王维安.金融结构：理论与实证[J].浙江大学学报(人文社会科学版),2000(1)：135-142。
[217]叶耀明,纪翠玲.长三角城市群金融发展对产业结构变动的影响[J].上海金融, 2004(6)：10-12。
[218]王兆星.中国金融结构论[M].北京：中国金融出版社,1991。
[219]殷德生,肖顺喜.体制转轨中的区域金融研究[M].上海：学林出版社,2000。
[220]袁鹰.我国银行业的市场结构及效应分析[J].金融教学与研究,2000(5)：6-10。
[221]杨德勇,王桂贤.我国银行业垄断与效率的经济学分析[J].财贸经济,2001(12)：46-49。
[222]秦婉顺,欧阳俊.中国商业银行业市场结构、效率和绩效[J].经济科学,2001(4)：34-45。
[223]吴腾华.我国金融市场结构优化：决定条件与制约因素[J].金融理论与实践,2009(9)：36-40。
[224]吴超.我国金融结构优化和经济增长稳定性研究[D].中共中央党校博士学位论文,2012。
[225]伍海华、张旭.经济增长·产业结构·金融发展[J].经济理论与经济管理,20(5)：36-47。
[226]魏永芬.关于我国M2与GDP的比例的研究[J].大连海事大学学报(社会科学版),2004(6)：56-58。
[227]魏煜、王丽.中国商业银行效率研究：一种非参数的分析[J].金融研究,2000(5)：88-96。
[228][英]希克斯.经济史理论[M].北京：商务印书馆,1998。
[229]谢平.中国金融资产结构分析[J].经济研究,1992(11)：30-37。
[230]谢平.中国的金融深化与金融改革[M].天津：天津人民出版社,1996。
[231]苑德军.优化结构：中国金融发展的重心[N].金融时报,2004(7)：27。
[232]杨金荣.制度变迁中的我国金融结构的优化[J].石家庄大学学报,1999(1)：6-17。
[233]杨晓敏,韩廷春.制度变迁、金融结构与经济增长——基于中国的实证研究[J].财经问题研究,2006(6)：70-81。
[234]杨晓龙,郑长德.中国金融自由化与经济增长[J].理论探索,2009(10)：10-15。
[235]杨柳勇、莫申生.金融结构调整视角下的高新技术产业发展：机理分析与实证研究[C].第九届中国经济学年会,2009。
[236]杨柳勇、莫申生、彭美红.浙江省金融结构与经济增长关系的实证研究[J].浙江金融,2011(2)：27-33。
[237]叶耀明,纪翠玲.长三角城市群金融发展对产业变动的影响[J].上海金融,2004(6)：10-12。
[238]于长秋.我国金融资产结构与经济增长关系的实证分析[J].金融论坛,2001(8)：7-11。
[239]易钢.中国金融资产结构分析及政策含义[J].经济研究,1996(11)：26-33。
[240]易文斐,丁丹.中国金融自由化指数的设计和分析[J].经济科学,2007(3)：66-75。
[241]殷剑锋.不对称信息环境下的金融结构与经济增长[J].世界经济,2004(2)：35-46。
[242]应寅锋.金融结构、政府行为与金融稳定[M].北京：中国社会出版社,2009。
[243]张军,金煜.中国的金融深化和生产率关系的再检测：1987-2001[J].经济研究,2005(11)：34-45。
[244]张立洲.论金融结构、金融监管与中国金融发展[J].经济学动态,2002(7)：35-391。
[245]张晓峒.计量经济分析[M].北京：经济科学出版社,2000。
[246]张宜琪.我国金融结构调整的思路探析[J].东北师大学报：哲学社会科学版,200(4)：50-53。
[247]赵志君.金融资产总量、结构与经济增长[J].管理世界,2000(3)：126-136。
[248]郑长德.中国金融研究[M].中国三峡出版社,2003。
[249]踪家峰,熊行,周聪.区域金融结构与经济增长[J].财经科学,2009(9)：11-17。
[250]周立,王子明.中国各地区金融发展与经济增长实证分析：1978-2000[J].金融研究,2002(10)：1-13。
[251]周业安,赵坚毅.我国金融市场化的测度、市场化过程与经济增长[J].金融研究,2005,298：68-77。
[252]周业安.金融市场的制度与结构[M].北京：中国人民大学出版社,2005。
[253]庄晓玖.中国金融市场化指数的构建[J].金融研究,2007(11)：180-190。
[254]赵旭.国有商业银行效率的实证分析[J].经济科学,2000(6)：45-50。
[2]Ajit Singh,Bruce A.Weisse,Emerging Stock Markets,Portfolio Capital Flows and Long-term Economic Growth:Micro and Macroeconomic Perspectives[J].World Development,1998, Vol,26(4):607-622.
[3]Allen,F.and Gale,D,Diversity of Opinion and the Financing of New Technologies[J] Journal of Financial Intermediation, Elsevier,1999,V8(1-2):68-89.
[4]Allen,Gale,Comparing Financial Systems[M].MIT Press,1999.
[5]Ang J.b.,McKibbin W.J.,Financial Liberalization,Financial Sector Development and Growth: Evidence from Malay sia[J]. Journal of Development Economics,2007,V84(1):215-233.
[6]Antinol G., Prasad S. Commitment, banks and markets[J]. Journal of Monetary Economics, 2008,V55:265-277.
[7]Arestis, P., P.O. Demetriades, Luintel B. Financial Development and Economic Growth:The Role of Stock Markets[J]. Journal of Money, Credit, and Banking,2001,V33:16-41.
[8]Arnold,L.and Walz,U,Financial Regimes,CapitalStructure and Growth[J].European Journal of Political Economy,2000(16):491-508.
[9]Asada T., Semmiler W. Growth and Finance:An Intertemporal Model [J] Journal of Macroeconomics,1995, v 17(4):623-649.
[10]Bandiera et.al..Does financial reform raise or reduce savings? [J].Review of Economics and Statistics 2000,82(2):239-263.
[11]Barth, J.R., Caprio, G.& Levine, R. Bank Regulation and Supervision:What Works Best? [J] Journal of Financial Intermediation,2004(13):205-248.
[12]Beck T., Levine R.,Loayza N. Finance and the Sources of Growth[J]. Journal of Financial Economic,2000, V58(1-2):261-300.
[13]Beck Thorsten, Lundberg M., Majnoni G. Financial intermediary development and growth volatility:Do intermediaries dampen or magnify shocks?[J]. Journal of International Money and Finance,2006,V25:1146-1167.
[14]Bencivenga, V.R., Smith B. D., Financial Intermediation and Endogenous Growth[J].Review of Economic Studies, Blackwell Publishing,1991,V58(2):195-209.
[15]Bencivenga, V.R., Smith B. D.,Starr R.M. Liquidity of Secondary Capital Markets[J]. Journal of Economic Dynamics and Control,1993,V17:97-122.
[16]Berger A.N., Udell G.F. The economics of small business finance:The roles of private equity and debt markets in the financial growth cycle [J]. Journal of Banking & Finance, 1998,V22:613-673.
[17]Bernanke B., Gertler M. Financial Fragility and Economic Performance [J]. The Quarterly Journal of Economics, MIT Press, V105(1):87-114.
[18]Bernanke B., Gertler M. Agency costs, net worth, and business fluctuations [J]. American Economic Review,1989,V79:14-31.
[19]Bhattacharya S., Chiesa, G. Financial intermediation with proprietary information[J]. Journal of Financial Intermediation,1995,V4:328-357.
[20]Black,Moersch,Competition and Convergerce in Financial Markets[M].The German and anglo-American Models.North-Holland press,1998.
[21]Boot A.W.A., Relationship Banking:What Do We Know?[J]. Journal of Financial Intermediation, Elsevier,2000,V9(1):7-25.
[22]Boot A.W.A., Thakor A.V. Can Relationship Banking Survive Competition?[J]. Journal of Finance, American Finance Association,2000,V55(2):679-713.
[23]Boyd,J.,E.Prescott,Financial intermediary-coalitions[J].Financial Theory,1986(38): 211-232.
[24]Bose N. Endogenous growth and the emergence of equity finance[J]. Journal of Development Economics,2005,V77:173-188.
[25]Boot, Arnoud, and Anjan Thakor, Financial System Architecture [J].Review of Financial Studies,1997(10):693-733.
[26]Brahmastene T. Cointergration and causality between stock index and macroeconomic variables in an emerging market[J]. Academy of Accounting and Financial Studies Journal, 2007,V11(3):17-30.
[27]Caminal, R., Matutes, C. Market power and banking failures[J]. Int. J. Ind. Organ. V20(9):1341-1361.
[28]Cralina W., Mayer C. Finance, investment, and growth[J]. Journal of Financial Economics, 2003,V69:191-226.
[29]Chakrabortya S., Ray T. Bank-based versus market-based financial systems:A growth-theoretic analysis[J]. Journal of Monetary Economics,2006, V53:329-350.
[30]Chakrabortya S., Ray T. The development and structure of financial systems[J]. Journal of Economic Dynamics & Control,2007,V31:2920-2956.
[31]Chinn M.D., Ito H. What matters for financial development? Capital controls, institutions, and interactions,[J]. Journal of Development Economics,2006,V81:163-192.
[32]Dziobek, Claudia,Garrett, John R. Convergence of Financial Systems and Regulatory Policy Challenges in Europe and in the United States[M]. Stanley W. Black, Mathias Moersch (eds.), Competition and Convergence in Financial Markets. Amsterdam:Elsevier, 1998:195-215.
[33John R.Commons,Institutional Economics[M]. University of Wisconsin Press,1934.
[34]Coricelli F. Finance and growth in economies in transition[J]. European Economic Review, 1996,V40:645-653.
[35]Corbett and Jenkinson, (1996), OECD (R),1996。
[36]Darrat, Ali F & Glascock, John L,. Real Estate Returns, Money and Fiscal Deficits:Is the Real Estate Market Efficient?[J]. Real Estate Finance and Economics, Springer, 1989,v2(3):197-208.
[37]Deidda L., Fattouh B. Non-linearity between finance and growth[J]. Economics Letters, 2002,V74:339-345.
[38]Deidda L. Interaction between economic and financial development[J]. Journal of Monetary Economics,2006,V53:233-248.
[39]Demirguc-Kunt, and R. Levine, Bank Supervision and Corporate Finance [J].NBER Working Paper Series,2003.
[40]Demirguc-Kunt, A. and Maksimovic, V.,Funding Growth in Bank-based and Market-based Financial Systems:Evidence from Firm-level Data[J].Financial Economics,2002, 65(3):337-363.
[41]Diamond, D. W.,Financial intermediation and delegated monitoring[J].Review of Economic Studies,1984(51):393-414.
[42]Diamond, D., Dibvig P., Bank runs, deposit insurance, and liquidity[J]. Political Economy,1983(91):401-419.
[43]Dutta and Kapur, Liquidity Preference and Financial Intermediation[J].Review of Economic Studies,1998, Vol65(3):551-572.
[44]Franklin Allen, Douglas Gale,《比较金融系统》,中国人民大学出版社,2002。
[45]Fry M.J."Money, interest and banking in economic development[M]. John Hopkins University Press,1988.
[46]Guiso, Luigi, Paola Sapienza and Luigi Zingales,The Role of Social Capital in Financial Development[J].American Economic Review.2004,94(3):526-556.
[47]Guiso, Luigi, Paola Sapienza and Luigi Zingales,People's Opium? Religion and Economic Attitudes[J].Monetary Economics.2003,50(1):225-282.
[48]Sapienza, Paola,The Effects of Banking Mergers on Loan Contracts[J].Finance. 2002,57(1):329-367.
[49]Giovannini A. The interest rate elasticity of saving in developing countries:the exsiting evidence[J]. World Development,1983,V1(11).
[50]Goldsmith, Fiancail Structure and Economic Development[M].Yale University Press,1969.
[51]Greenwood J., Jovanovic B. Financial Development, Growth, and the Distribution of Income[J]. Journal of Political Economy,1990, V98(5):1076-1107.
[52]Greenwood,J. and Smith,B.D., Financial Markets in Developmentn and The Development of Financial Markets [J].Economic Dynamics and Control,1997(21):145-181.
[53]Gurley J.G Shaw E.S. Financial Aspects of Economic Development[J]. American Economic Review,1955.V45:515-538.
[54]Gupta.Aggregate savings, financial intermediation and interest rates[J]. Review and Economics and Statistics,1987,Vol(69).
[55]Hellwig M. Banks, markets, and the allocation of risks in an economy[J]. Journal of Institutional and Theoretical Economics,1998, V154:328-345.
[56]Hellwig M. Financial Intermediation with Risk Aversion[J].Review of Economic Studies, Blackwell Publishing,2000, V67(4):719-742.
[57]Jose D.Gregorio,Pablo E.Guidotti, Financail Development and Economic Growth[J].World Development,1995,Vol.23(3):433-448.
[58]Jayaratne,J.andP.E.Strahan,The Finance-Growth Nexus:Evidence from Bank Branch Deregulation[J].The Quarterly Journal of Economics,1996,V(111)3:639-670.
[59]Katherine A.Samolyk, A regional perspective on the credit view[J].Economic Review, Federal Reserve Bank of Cleveland,1991 (11),27-38.
[60]King R.G. Levine R. Finance, Entrepreneurship, and Growth:Theory and Evidence[J] Journal of Monetary Economics,1993,V32(3):523-542.
[61]LaPorta, Lopez-de-Silanes、Shleifer and Vishny,Leagal Determinants of External Finance[J].Finance,1997(52):1131-55.
[62]Levine R., Financial intermediary services and growth[J]. Journal of the Japanese and International Economies,1992,V6(4):383-405.
[63]Levine R., Financial Development and Economic Growth:Views and Agenda[J] Journal of Economic Literature,1997,V35:688-726.
[64]Levine R., Zervos S. Stock Markets, Banks and Economics Growth[J]. American Economic Review,1998, V88(3):537-558.
[65]Levine R. Law, Finance, and Economic Growth[J] Journal of Financial Intermediation, 1999,V8:8-35.
[66]Levine R., Loayza Norman., Beck T. Financial Intermediation and Growth:Causality and Causes[J]. Journal of Monetary Economics,2000, V46(1):31-77.
[67]Lucas,R.E.Jr.On the Mechanics of Economic Development[J].Monetary Economics, 1988(49).
[68]Mayer, Wolfgang. Endogenous Traiff Formation[J].American Economic Review 1984(74):970-85.
[69]Merton, Robert,A functional perspective of financial intermediation[J].Financial Management,1995(24):23-41.
[70]Northam,R.M.Urban Geography [M].New York:John Wiley&Sons,1975.
[71]Hellmann T.F., Murdock, K.C., Stiglitz J.E.,Liberalization, Moral Hazard in Banking, and Prudential Regulation:Are Capital Requirements Enough? [J]. The American Economic Review,2000 (Mar.),Vol90 (1):147-165.
[72]Patriek,H.T.., Financial develoPment and eeonomic growth indeveloPing countries [J]. Economic and Cultural Change,1966,V 14(2),174-189.
[73]Rajan, Insiders and Outsiders:The Choice Between Informed and Arms Length Debt[J] Journal of Finance,1992,47(4):1367-1440.
[74]Rajah, Raghuram and Zingales, Luigi,Saving Capitalism from the Capitalists:Unleashing the Power of Financial Markets to Create Wealth and Spread Opportunity [M].New York: Crown Business,2003.
[75]Raymond A., Jovanovic B. Stock Markets and Development[J]. European Economic Review,1993,V37(2-3):632-640.
[76]Rioja F., Valev N. Does one size fit all? a re-examination of the finance and growth relationship[J]. Journal of Development Economics,2004, V74:429-447.
[77]Roubini,Sala-I-Martin.Financial Repression and Economic Growth[J].Development Economics,1992 V(39).
[78]Rousseau P.L., Wachtel P. Equtiy Markets and Growth:Cross-Country Evidence on Timing and Outcomes,1980-1995 [J]. Journal of Business and Finance, 2000,V24(1):1933-1957.
[79]Rousseau P.L., Vuthipadadorn D. Finance, investment, and growth:Time series evidence from 10 Asian economics[J].Macroeconomics,2005,V27:87-106.
[80]Ross Levine.Bank-Based and Market-Based Financial Systems:Cross-Country Comparisons[J].World Bank Policy Research Working Paper,1999(7):2143.
[81]Rungsomboon S. Is Bank and Non-bank Lending Different? Evidence from Thai Corporate Lending[J]. Chulalongkorn Journal of Economics,2005, V17(2):163-196.
[82]Rungsomboon S. Deterioration of Firm Balance Sheet and Investment Behavior:Evidence from Panel Data on Thai Firms[J]. Asia Economic Journal,2005, V19(3):335-357.
[83]Schiavo S., Vaona A. Poolability and the finance-growth nexus:A cautionary note[J]. Economics Letters,2008, V98:144-147.
[84]Shleifer A., Vishny R. Large Shareholders and Corporate Control [J]. Journal of Political Economy,1986,V94:461-488.
[85]Shaw,Edward,.Financial Deeping in Economic Development[J].Oxford University Press,1969.
[86]Singh Ajit. Financial Liberalisation, Stockmarkets and Economic Development[J]. Economic Journal, Royal Economic Society,1997, V107(442):771-782.
[87]Smith. B.D., Boyd J.H., The evolution of debt and equity markets in economic development[J]. Economic Theory, Springer,1998,V12(3):519-560.
[88]Solomon Tadesse. Financial Architecture and Economic Performance:International Evidence[J]. Financail Development and Technology,2002, V(11):429-454.
[89]Stiglitz,Credit Markets and the control of Capital[J] Journal of Money,Credit and Banking,1985,17(2):133-52.
[90]Strawczynski M., Dahan M. Government finance and endogenous growth[J]. Applied Economics,1996, V3:789-791.
[91]Syrguin,M.,Chenery,H.B,Three decades of industrialization[J].The World Bank Economic Reviews,1989,(3):152-153.
[92]Tadesse S. Financial Architecture and Economic Performance:International Evidence [J]. Journal of Financial Intermediation, Elsevier,2002, V11(4):429-454.
[93]Thorsten Beck,The Econometrics of Finance and Growth[R].The World Bank Development Research Group Finance and Private Sector Team,2008(April).
[94]Tobin,J.,The Interest-Elasticity of Transactions Demand for Cash[J].The Review of Economics and Statistics,1956:241-274.
[95]Tung Liu, Kui O Wai Li. Impact of liberalization of financial resource in China's economic growth evidence form provinces[J]. Journal of Asian Economics,2001, V(12):245-262.
[96]Taylor, Lance. Structuralist Macroeconomics [J].New York Basic Books Inc.1983.
[97]Van Wijinbergen.Interest Rate Management In LDCs[J]. Monetary Economics, 1983,V(12):433-452.
[98]Wagner W. Financial development and the opacity of banks[J]. Economics Letters,2007, V97:6-10.
[99]Weinstein D.E., Yafeh Y. On the Costs of a Bank-Centered Financial System:Evidence from the Changing Main Bank Relations in Japan[J]. Journal of Finance, American Finance Association,1998, V53:635-672.
[100]Willianms J., Nguyen N. Financial liberalisation, crisis, and restructuring:A comparative study of bank performance and bank governance in South East Asia[J]. Journal of Banking & Finance,2005,V29:2119-2154.
[101]Yartey C.A. Financial development, the structure of capital markets, and the global digital divide[J].Information Economics and Policy,2008, V20:208-227.
[102]W urgler,Jeffrey,Financial Markets and the Allocation of Capital[J].Financia 1 Economics, 2000(58):1187-214.
[103]爱德华·S·肖.经济发展中的金融深化[M],上海：上海三联出版社,1988。
[104]埃斯里·德米尔古克一肯特,罗斯·莱文.金融结构和经济增长：银行、市场和发展的跨国比较[M],北京：中国人民大学出版社,2006。
[105]宾国强.实际利率、金融深化与中国的经济增长[J].经济科学,1999(3)：32-38。
[106]白钦先.比较银行学[M].河南：河南出版社,1989。
[107]白钦先.百年金融的历史性变迁[J].国际金融研究,2003(2)：59-63。
[108]白钦先.金融结构、金融功能演进与金融发展理论的研究历程[J].经济评论,2005(3)：39-45。
[109]白钦先,张润林,杜欣.金融结构视角下的金融稳定论[J].武汉金融,2006(2)：10-13。
[110]蔡则祥.金融结构优化论[M].北京：中国社会科学出版社,2006。
[111]程建胜.我国融资总规模研究[J].金融研究,1998(6)：20-27。
[112]戴根有.关于我国货币政策的理论与实践问题[J].金融研究,2000(9)：1-12。
[113]邓淇中等.区域金融发展规模、结构、效率与经济增长关系的动态分析[J].统计与信息论坛,2012(1)：43-44。
[114]邓瑛.金融结构的优化——可持续发展角度的金融发展模式[J].贵州财经学院学报,2001(4)：37-40。
[115]范方志,张立军.中国地区金融结构转变与产业结构升级研究[J].金融研究,2003(11)：36-47。
[116]樊纲,王小鲁,张立文,朱恒鹏.中国各地区市场化相对进程报告[J].经济研究,2003(3)：9-18。
[117]傅进,吴小平.金融影响产业结构调整的机理分析[J].金融纵横,2005(2)：30-34。
[118]傅晓霞,吴利学.制度变迁对中国经济增长贡献的实证分析[J].南开经济研究,2002(4)：70-75。
[119]高铁梅.计量经济分析方法与建模—-Eviews应用及实例[M].北京：清华大学出版社,2009。
[120]郭明星,董直庆,王林辉.经济增长制度决定论的前沿文献综述[J].经济学动态2008(8)：67-71。
[121]何大安.投资运行机理分析引论[M].上海：上海三联书店,上海人民出版社,2005。
[122]韩正清,王燕,王千六.城乡经济金融二元结构：理论关系与实证分析[J].财经问题研究,2010(2)：118-123。
[123]韩廷春.金融发展与经济增长：经验模型与政策分析[J].世界经济,2001,(6)：3-9。
[124]黄少安,宫明波.论两主体情形下合作剩余的分配——以悬赏广告为例[J].经济研究,2003(12)：78-85。
[125]国晓丽.金融发展与产业结构调整关系的实证研究——以北京为例[J].技术经济与管理研究,2011(7)：94-97。
[126]格利,肖.金融理论中的货币[M].上海：上海三联书店,上海人民出版社,1996。
[127]格雷夫.制度、历史和发展.制度经济学研究[M].北京：经济科学出版社,2006。
[128]惠晓峰,沈静.东北三省金融发展与产业机构升级关系的实证研究与比较[J].哈尔滨工业大学学报(社会科学版),2006(2)：87-91。
[129]姜维俊.中国金融资产结构分析(上、下)[J].财贸经济,1999(5、6)：21-30。
[130]江曙霞,严玉华.中国GDP结构升级和金融结构转变的协调性研究[J].财经理论与实践(双月刊),2006(1)：18-23。
[131]金雪军,朱建芳.中国各地区金融市场化的实证分析[J].电子科技大学学报(社科版),2006(4)：10-15。
[132]金玉国.宏观制度变迁对转型时期中国经济增长的贡献[J].财经科学,2001(2)：24-28。
[133]孔祥毅.百年金融制度变迁与金融协调[M].北京：中国社会科学出版社,2002。
[134]赖溟溟.金融结构变迁与持续的经济增长——基于银行主导型和市场主导型金融体系视角的分析[M].中国金融出版社,2011。
[135]劳平,白剑眉.金融结构变迁的理论分析[J].厦门大学学报(哲学社会科学版),2005(3)：64-69。
[136]雷蒙德·W·戈德史密斯.金融结构与金融发展[M].上海：上海三联书店,上海人民出版社,1994。
[137]李春红.我国金融结构的现状及其优化方向[J].重庆大学学报(社会科学版),2002(2)：27-30。
[138]李峰.金融发展、金融结构变迁与经济增长研究——以泰国为例[D].西北大学博 士学位论文,2010。
[139]李广众,陈平.金融中介发展与经济增长：多变量VAR系统研究[J].管理世界,2002(3)：52-59。
[140]李量.现代金融结构导论[M].北京：经济科学出版社,2001。
[141]李放.金融脱媒、融资结构差异与经济增长的实证分析——基于东中西部区域经济的经验证据[J].海南金融,2012(10)。
[142]李茂生.中国金融结构研究[M].北京：中国社会科学出版社,1987。
[143]李健.中国金融发展中的结构问题[M].北京：中国人民大学出版社,2004。
[144]李健、贾玉革.金融结构的评价标准与分析指标研究[J].金融研究,2005(4)：57-67。
[145]李建军,田光宁.中国融资结构的变化与趋势分析[J].财经科学,2001(6)。
[146]李萍.经济增长方式转变的制度分析——从市场机制角度给出的—个基本理论框架[D].西南财经大学博士学位论文,1999。
[147]李卫国,盛连喜,程淑佳.制度因素与中国经济增长方式的转变[J].东北师大学报(哲学社会科学版),2008(03)：40-43。
[148]李援亚.流动性过剩背景下的金融结构优化[J].中南财经政法大学学报,2007(3)：85-89。
[149]林毅,何代欣.经济制度变迁对中国经济增长的影响——基于VECM的实证分析[J].财经问题研究,2012(9)：11-17。
[150]林毅夫等.中国的奇迹：发展战略与经济改革[M].上海：上海三联书店,1994。
[151]林毅夫,李永军.中小金融机构发展与中小企业融资[J].经济研究,2001(1)：10-19。
[152]林毅夫.金融结构与经济增长：以制造业为例[J].世界经济,2003(1)：3-21。
[153]林毅夫,姜烨.经济结构、银行业结构与经济发展——基于分省面板数据的实证分析金[J].金融研究,2006(1)：53-70。
[154]林毅夫,孙希芳.银行业结构与经济增长[J].经济研究,2008(9)。
[155]林毅夫、孙希芳、姜烨.经济发展中的最优金融结构理论初探[J].经济研究,2009(8)：7-13。
[156]林瑛.长三角地区银行业结构与经济增长实证研究[D].复旦大学博士学位论文,2011。
[157]刘赣州.论中部地区产业结构优化升级的金融支持[J].学术界,2005(5)：55-59。
[158]刘红忠、郑海青.东亚国家金融结构与经济增长的实证研究[J].国际金融研究, 2006(5)：49-56。
[159]刘世锦.为产业升级和发展创造有利的金融环境[J].上海金融,1996(4)：11-16。
[160]刘小玄.中国转轨经济中的产权结构和市场结构[J].经济研究,2003(1)：21-30。
[161]刘伟,黄桂田.银行业的集中、竞争与绩效[J].经济研究,2003(11)：14-22。
[162]刘毅,刘申洪.中国金融市场的度量分析[J].财经研究,2002,28(9)：39-46。
[163]张小平,金改核心：降低金融机构国有股比重[J].中国经济导报,2013,11(5)。
[164][美]罗纳德·J·麦金农.经济发展中的货币与资本[M].上海：上海三联出版社,1989。
[165]梁琪、滕建州.股票市场、银行与经济增长：中国的实证分析[J].金融研究,2005(10)：9-19。
[166]马长有.中国金融结构与经济增长的实证分析[J].社会科学研究,2005(3)：55-60。
[167]米建国,李建伟.我国金融发展与经济增长关系的理论思考与实证分析[J].管理世界,2002(4)：21-29。
[168]马宇.资本流动、金融结构变迁与金融风险转移——对美国次贷危机的解释[J].武汉大学学报(哲学社会科学版),2009(3)：400-405。
[169]马宇.新兴市场与发达市场金融危机的不同特点与反危机政策比较——以东亚金融危机和2008年美国金融危机为例[J].武汉大学学报(哲学社会科学版),2010(2)：231-236。
[170]马勇.金融结构、银行发展与经济增长[J].财经科学,2010(2)：10-18。
[171]马克思·韦伯.支配社会学(中译本)[M].广西：广西师范大学出版社,2004。
[172]马智利,周翔宇.中国金融发展与产业结构升级关系的实证研究[J].上海金融,2008(2)：18-21。
[173]蒙丹.金融结构与经济增长关系的实证研究[J].经济与管理,2006(7)：64-67。
[174]孟科学.我国金融结构变化与经济增长的关系[J].云南财贸学院学报(社会科学版),2005(5)。
[175]孟苗.我国金融资产结构与经济增长关联性研究[M].武汉大学硕士学位论文,2008。
[175]道格拉斯·诺斯.经济史中的结构与变迁[M].上海三联书店,1991。
[176][美]R·科斯,A·阿尔钦等.财产权利与制度变迁——产权学派与新制度学派译文集[C].上海：上海三联书店,1991。
[177][美]诺斯,托马斯.西方世界的兴起[M].北京：学苑出版社,1988。
[178][美]富兰克林·艾伦,道格拉斯·盖尔.比较金融体系[M].北京：中国人民大学出版,2002。
[179]彭美红.金融结构与经济增长关系研究[M].浙江工商大学硕士学位论文,2010。
[180]彭兴韵.金融发展的路径依赖与金融自由化[M].上海：上海三联书店、上海人民出版社,2006。
[181]钱健.我国金融资产结构与经济增长的关系研究[M].湖南大学硕士学位论文,2009。
[182]钱颖一.企业的治理结构改革和融资结构改革[J].经济研究,1995(1)：20-29。
[183]钱颖一.市场与法治[J].经济社会体制比较,2000(3)：1-11。
[184]钱水土,江乐.浙江区域金融结构对产业集聚的影响研究——基于面板数据的实证分析[J].统计研究,2009(10)：62-67。
[185]阚超,王付彪,沈谦,陈永春.我国商业银行规模经济实证研究(1992-2003)[J].金融研究,2004(11)：46-53。
[186]荣先恒.金融资产结构与经济增长的协调机理研究——基于中国金融发展的理论与实证分析[D].浙江大学博士学位论文,2005。
[187]舒尔茨.论人力资本投资[M].北京经济学院出版社,1990。
[188]沈军,白钦先.金融结构、金融功能与金融效率——个基于系统科学的新视角[J].财贸经济,2006(1)：23-29。
[189]沈坤荣,张成.金融发展与中国经济增长——基于跨地区动态数据的实证研究[J].管理世界,2004(7)：15-21。
[190]单豪杰,沈坤荣.制度与增长：理论解释及中国的经验[J].南开经济研究,2007(5)：4-17。
[191]史晋川等.经济结构调整与经济发展方式转变[M].经济科学出版社,2012。
[192]史诺平,廖进中,杨炜娜.中国金融发展与产业结构调整关系的实证研究[J].统计与决策,2010(3)：114-116。
[193]宋光辉,柴曼莹.中国居民金融资产增长和金融结构分析[J].华南理工大学学报(社会科学版),2003(6)：67-70。
[194]宋艳伟,李恒炜.中国区域金融发展与经济增长关系研究[J].统计与决策,2007(12)。
[195]孙伍琴.不同金融结构下的信息处理比较[J].统计研究,2003(12)：26-30。
[196]孙伍琴.论金融结构与实体经济的适应效率[J].管理世界,2004(5)：134-135。
[197]谈儒勇.金融发展理论与中国金融发展[M].北京：中国经济出版社,2000。
[198]谈儒勇.中国的金融发展与经济增长关系的实证研究[J].经济研究,2000(4)：53-61。
[199]田代臣.金融结构优化与经济发展研究[D].西南财经大学博士学位论文,2010。
[200]唐寿宁、王晋斌.金融系统演变考查[M].北京：中国财政经济出版社,2002。
[201]萧琛.论美国的“法治设计”对其经济效率的支持[J].美国研究,1995(3)：32-41。
[202]徐静.中国金融结构变迁的动态性研究[M].北京：中国金融出版社,2010。
[203]徐睁.中国区域经济发展中的金融结构差距[J].社会科学,2006(9)：45-53。
[204]王芳.金融理论发展的新趋向[J].世界经济,2002(5)：1-10。
[205]王可达.实现经济发展方式转变的制度安排[J].江西财经大学学报,2010(03)：5-10。
[206]王凤京.金融自由化及其相关理论综述[J].当代财经,2007(6)：121-128。
[207]王广谦.经济发展中金融的贡献和效率[M].北京：中国人民大学出版社,1997。
[208]王广谦.中国金融发展中的结构问题分析[J].金融研究,2002(5)：47-56。
[209]王景武.金融发展与经济增长：基于中国区域金融发展的实证分析[J].财贸经济,2005,(10)：23-27。
[210]王良健,钟春平.产业结构调整中金融发展的作用与定位[J].经济地理,2001(6)：669-673。
[211]王修华,黄明.中国金融发展与二元经济结构转换的实证检验[J].统计与决策,2007(2)：68-70。
[212]王曙光.金融自由化与经济发展[M].北京：中国金融出版社,2008。
[213]王毅.中国区域金融结构差异性分析[D].辽宁大学博士学位论文,2011。
[214]王昕.中国直接融资方式的发展[M].北京：中国计划出版社,2000。
[215]王馨,刘征驰,金常飞,刘娟.区域金融结构与经济增长——基于我国省际面板数据的实证分析[J].工业技术经济,2011(10)：101-102。
[216]王维安.金融结构：理论与实证[J].浙江大学学报(人文社会科学版),2000(1)：135-142。
[217]叶耀明,纪翠玲.长三角城市群金融发展对产业结构变动的影响[J].上海金融, 2004(6)：10-12。
[218]王兆星.中国金融结构论[M].北京：中国金融出版社,1991。
[219]殷德生,肖顺喜.体制转轨中的区域金融研究[M].上海：学林出版社,2000。
[220]袁鹰.我国银行业的市场结构及效应分析[J].金融教学与研究,2000(5)：6-10。
[221]杨德勇,王桂贤.我国银行业垄断与效率的经济学分析[J].财贸经济,2001(12)：46-49。
[222]秦婉顺,欧阳俊.中国商业银行业市场结构、效率和绩效[J].经济科学,2001(4)：34-45。
[223]吴腾华.我国金融市场结构优化：决定条件与制约因素[J].金融理论与实践,2009(9)：36-40。
[224]吴超.我国金融结构优化和经济增长稳定性研究[D].中共中央党校博士学位论文,2012。
[225]伍海华、张旭.经济增长·产业结构·金融发展[J].经济理论与经济管理,20(5)：36-47。
[226]魏永芬.关于我国M2与GDP的比例的研究[J].大连海事大学学报(社会科学版),2004(6)：56-58。
[227]魏煜、王丽.中国商业银行效率研究：一种非参数的分析[J].金融研究,2000(5)：88-96。
[228][英]希克斯.经济史理论[M].北京：商务印书馆,1998。
[229]谢平.中国金融资产结构分析[J].经济研究,1992(11)：30-37。
[230]谢平.中国的金融深化与金融改革[M].天津：天津人民出版社,1996。
[231]苑德军.优化结构：中国金融发展的重心[N].金融时报,2004(7)：27。
[232]杨金荣.制度变迁中的我国金融结构的优化[J].石家庄大学学报,1999(1)：6-17。
[233]杨晓敏,韩廷春.制度变迁、金融结构与经济增长——基于中国的实证研究[J].财经问题研究,2006(6)：70-81。
[234]杨晓龙,郑长德.中国金融自由化与经济增长[J].理论探索,2009(10)：10-15。
[235]杨柳勇、莫申生.金融结构调整视角下的高新技术产业发展：机理分析与实证研究[C].第九届中国经济学年会,2009。
[236]杨柳勇、莫申生、彭美红.浙江省金融结构与经济增长关系的实证研究[J].浙江金融,2011(2)：27-33。
[237]叶耀明,纪翠玲.长三角城市群金融发展对产业变动的影响[J].上海金融,2004(6)：10-12。
[238]于长秋.我国金融资产结构与经济增长关系的实证分析[J].金融论坛,2001(8)：7-11。
[239]易钢.中国金融资产结构分析及政策含义[J].经济研究,1996(11)：26-33。
[240]易文斐,丁丹.中国金融自由化指数的设计和分析[J].经济科学,2007(3)：66-75。
[241]殷剑锋.不对称信息环境下的金融结构与经济增长[J].世界经济,2004(2)：35-46。
[242]应寅锋.金融结构、政府行为与金融稳定[M].北京：中国社会出版社,2009。
[243]张军,金煜.中国的金融深化和生产率关系的再检测：1987-2001[J].经济研究,2005(11)：34-45。
[244]张立洲.论金融结构、金融监管与中国金融发展[J].经济学动态,2002(7)：35-391。
[245]张晓峒.计量经济分析[M].北京：经济科学出版社,2000。
[246]张宜琪.我国金融结构调整的思路探析[J].东北师大学报：哲学社会科学版,200(4)：50-53。
[247]赵志君.金融资产总量、结构与经济增长[J].管理世界,2000(3)：126-136。
[248]郑长德.中国金融研究[M].中国三峡出版社,2003。
[249]踪家峰,熊行,周聪.区域金融结构与经济增长[J].财经科学,2009(9)：11-17。
[250]周立,王子明.中国各地区金融发展与经济增长实证分析：1978-2000[J].金融研究,2002(10)：1-13。
[251]周业安,赵坚毅.我国金融市场化的测度、市场化过程与经济增长[J].金融研究,2005,298：68-77。
[252]周业安.金融市场的制度与结构[M].北京：中国人民大学出版社,2005。
[253]庄晓玖.中国金融市场化指数的构建[J].金融研究,2007(11)：180-190。
[254]赵旭.国有商业银行效率的实证分析[J].经济科学,2000(6)：45-50。