中文摘要：

利用122个国家2000～2013年的面板数据,从出口竞争效应和进口技术溢出两个维度分析金融部门开放对全要素生产率的影响。实证结果显示：金融部门的出口竞争效应可以显著促进一国全要素生产率的提升,而进口溢出效应会抑制其提高,两者的净效应为正。在分组别研究中,高收入国家金融部门的出口竞争效应可以促进技术进步,进口溢出效应会抑制技术进步;低收入国家出口竞争效应和进口溢出效应都可以显著提高全要素生产率。

英文摘要：

By using the panel data of 122 countries from 2000 to 2013, the paper analyzes the impact of the opening of financial sector on total factor productivity （TFP） from the perspectives of export competition effect and import technology spillover effect. The empirical results show that the export competition effects of a country can significantly promote the upgrading of its TFP, while import spillover effect inhibits the increase of TFP. The net effects of the two aspects are positive. Furthermore, the export competition effect of financial sectors in high- income countries can promote technological progress, while import technology spillover effect will restrain the progress. In low income countries, both the two effects can significantly improve TFP.