近日,第一届洪银兴经济学奖(青年)对外公布,复旦大学中国经济研究中心(智库)固定研究员谭之博作为第一作者于 Journal of International Money and Finance(2015年总第54期) 上发表的文章Financial structure, corporate savings and current account imbalances成为获奖作品之一。
摘要
We explore the effects of a country's financial structure on its corporate savings and current account. A financial system that relies relatively more on banks and less on the capital market presents more difficulties for small and medium-sized enterprises to access external finance. These firms find it necessary to accumulate more savings on their own. As a result, countries that have a less developed capital market are more likely to run current account surpluses (or smaller current account deficits). Using panel data of 66 countries for the period 1990 to 2007, we find consistent and robust evidence in favor of this hypothesis. Further explorations based on firm-level data reveal that firms, especially smaller firms, in economies with relatively underdeveloped capital markets do save significantly more than their counterparts in countries with relatively more developed capital markets.
谭之博
复旦大学中国经济研究中心(智库)固定研究员
主要研究领域:发展经济学、国际经济学、中国经济。
教育及工作经历:
毕业于北京大学国家发展研究院中国经济研究中心,获博士学位。
麻省理工学院、哥伦比亚大学、美国布鲁金斯学会访问学者。
研究成果:在Journal of International Money and Finance、《经济研究》、《经济学季刊》、《世界经济》、《金融研究》等权威期刊发表多篇论文。主持国家自然科学基金、上海市哲学社会科学规划基金等多项国家级、省部级课题。曾获上海市哲学社会科学优秀成果奖二等奖、曹凤岐发展基金会金融青年优秀科研奖、中国留美经济学会邹至庄最佳论文奖、《金融研究》优秀论文奖、北京大学学术精英、北京大学优秀博士论文奖、北京市优秀毕业生等奖励。