【正文】 *FDI******FISAGR**FSGDP*********Sargan檢驗P值經(jīng)調(diào)整后的R2F值樣本觀測數(shù)443209234421167234389156233注釋: 1. 估計系數(shù)下方的數(shù)字為標(biāo)準(zhǔn)差。 2. *, **, ***分別表示在 10%, 5%, 1% 的統(tǒng)計水平上顯著。 3. 在IV估計中我們以FINDEV滯后一期、二期值作為該變量的工具變量。. 4. 在GMM估計中我們指定FINDEV為內(nèi)生變量.六、結(jié)論 在本文中，我們首先根據(jù)一個兩地區(qū)、三部門的簡單模型分析了中國城鄉(xiāng)收入差距的變化格局，并在此模型基礎(chǔ)上進一步考察了金融發(fā)展對于城鄉(xiāng)收入分配的影響。其次，我們利用中國省級的PANEL數(shù)據(jù)，對中國以全部國有及國有控股銀行信貸水平所衡量的各省金融發(fā)展程度和城鄉(xiāng)收入差距之間的關(guān)系進行了經(jīng)驗分析。在控制了金融發(fā)展內(nèi)生性問題之后，我們的確發(fā)現(xiàn)銀行信貸的擴張會顯著地拉大城鄉(xiāng)收入差距。我們進一步將整個樣本分為兩個時期（1978～1988，1989～1998），發(fā)現(xiàn)金融發(fā)展對收入分配差距的負面作用主要體現(xiàn)在第二時期。最后，回歸結(jié)果也表明金融發(fā)展對收入差距的作用并不依賴于經(jīng)濟結(jié)構(gòu)的特征，即擴展的庫茲涅茨效應(yīng)在中國經(jīng)濟發(fā)展的過程中并不成立。參考文獻：1. 北大中國經(jīng)濟研究中心發(fā)展戰(zhàn)略組：《技術(shù)選擇指數(shù)的構(gòu)造與計算》，北京大學(xué)中國經(jīng)濟研究中心論文內(nèi)部討論稿（未發(fā)表），2002。2. 陳劍波：《金融抑制使縣域經(jīng)濟成無源之水》，中國經(jīng)濟時報，2002年12月20日。3. 胡鞍鋼、王紹光、康曉光：《中國地區(qū)差距報告》，遼寧人民出版社，1995,P78。4. 黃仁祥等：《非正式制度安排、技術(shù)約束下的農(nóng)村信用合作社發(fā)展問題》，《金融研究》，2001年第1期。5. 林毅夫、章奇、劉明興：《金融結(jié)構(gòu)與經(jīng)濟增長：以制造業(yè)為例》，《世界經(jīng)濟》2003年第1期。6. 劉明興：《19701999中國經(jīng)濟增長數(shù)據(jù)集》，2002，網(wǎng)址：。7. 劉守英：《縣域金融調(diào)查》， 《21世紀(jì)經(jīng)濟報道》2002年8月10日。8. 盛勇煒：《城市性還是農(nóng)村性：農(nóng)村信用社的運行特征和改革的理性選擇》，《金融研究》2001年第5期；9. 宋洪遠等編著：《“改革以來中國農(nóng)業(yè)和農(nóng)村經(jīng)濟政策的演變》，中國經(jīng)濟出版社，2000。10. 陶然、劉明興、章奇：《中國農(nóng)民稅費負擔(dān)――一個政治經(jīng)濟學(xué)的分析》，《中國社會科學(xué)評論》，2003年第3卷。11. 魏后凱等：《中國地區(qū)發(fā)展──經(jīng)濟增長、制度變遷與地區(qū)差異》，中國財政出版社，1997,P4152；12. 章奇，《要素稟賦、發(fā)展戰(zhàn)略與金融結(jié)構(gòu)》，北京大學(xué)中國經(jīng)濟研究中心博士論文（未發(fā)表），2002。13. 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