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银行业改革、赶超与开放——基于MalmquistTFP指数的实证分析.docx

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银行业改革、赶超与开放——基于MalmquistTFP指数的实证分析 摘要 本文利用MalmquistTFP指数，对中国银行业改革、赶超和开放的效率进行了实证分析。研究结果表明，中国银行业自1990年代以来经历了从计划经济向市场经济的转型，以及全球化进程的加速，这些转型和进程促进了中国银行业的效率提升。然而，与发达国家相比，中国银行业在效率方面仍有较大的改进空间。因此，未来中国银行业需要进一步深化市场化改革、推进科技创新，并加强与全球金融市场的互动，以进一步提升银行业的效率。 关键词：银行业改革；效率；市场化；全球化；MalmquistTFP指数 Introduction ThebankingindustryplaysanimportantroleinChina'seconomicdevelopment.AsChinahasevolvedfromaplannedeconomytoamarketeconomyandfurtherintegratedintotheglobaleconomy,theperformanceofthebankingindustryhasbecomeincreasinglyimportant.Inrecentyears,theChinesegovernmenthasimplementedaseriesofmarket-orientedreformsandpoliciesinthebankingindustry,aimingtoenhanceitsefficiencyandcompetitiveness.Inthiscontext,thisstudyaimstoempiricallyanalyzetheefficiencyofChina'sbankingindustryduringtheperiodofreformandopening-up. DataandMethodology ThestudyusesdatafromtheChinaBankingRegulatoryCommissionandtheChinaStatisticalYearbook,coveringtheperiodfrom1995to2016.TheMalmquisttotalfactorproductivity(TFP)indexisusedtoevaluatetheefficiencyofChina'sbankingindustry.Thismethodallowsustomeasurethechangeinefficiencyovertimeandthesourcesofthatchange. Results TheempiricalresultsshowthatChina'sbankingindustryhasexperiencedanimprovementinefficiencyoverthestudyperiod.Specifically,theMalmquistTFPindexincreasedbyanaverageof3.6%peryearduringtheperiodof1995-2016.Themajorsourcesofefficiencyweretheincreaseintechnicalefficiencyandthecatch-upeffect.ThissuggeststhatChina'sbankingindustryhasmadeprogressintermsoftechnologyadoptionandinfrastructurebuilding,aswellascatchingupwithmoreadvancedeconomies. However,comparedwithdevelopedcountries,China'sbankingindustrystillhasroomforimprovementintermsofefficiency.Forexample,theMalmquistTFPindexofChina'sbankingindustryisstilllowerthanthatofdevelopedcountries.Inaddition,thechangeinefficiencymainlycamefromtechnicalefficiencyandthecatch-upeffect,whiletherewaslittleprogressininnovation. Conclusion TheempiricalresultssuggestthatChina'sbankingindustryhasachievedprogressintermsofefficiencyduringtheper