Measurement of Capital Flows in Beijing-Tianjin-Hebei Region Based on the Relationship between Savings and Investment

doi:10.3969/j.issn.1005-6378.2018.05.008

Abstract

Abstract: Beijing-Tianjin-Hebei economic development depends on the good flow of capital. An improved FH model is introduced to consider that economic growth and government intervention affect not only the rate of spontaneous capital investment but also the propensity of saving investment. Based on the data analysis of capital flows in the Beijing-Tianjin-Hebei region using by the improved FH model, the capital flow level in the Beijing-Tianjin-Hebei region has gradually increased. The impact of economic growth and government intervention on savings investment is also weak. Relative to government intervention, economic growth has a greater impact on capital flows. Different cities have different rates of spontaneous investment and marginal investment, and their capital flows are different.

Key words: capital flows, Beijing-Tianjin-Hebei, spontaneous investment rate, marginal propensity to invest, economic growth, government intervention

CLC Number:

F832.7

YANG Gui-jun, WANG Zhe. Measurement of Capital Flows in Beijing-Tianjin-Hebei Region Based on the Relationship between Savings and Investment[J]. JOURNAL OF HEBEI UNIVERSITY (Philosophy and Social Science), 2018, 43(5): 52-61.

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