臺灣博碩士論文加值系統

本研究著重於蒙古金融市場的經濟發展，主要問題為金融市場發展是否對國家經濟成長有部分責任。大量的文獻探討，皆有堅定的理論支持，金融市場能或不能影響經濟表現的不同觀點。

本研究中應用最小平方法與時間序列迴歸分析，結果指出在1995年到2010年間金融市場沒有影響蒙古經濟發展。

This research focuses on the importance of the financial market on the economic development of the Mongolia with the key question being whether development of financial market could be at least partially responsible for the economic growth of the country. A broad literature review has provided solid arguments supporting both views that the financial market is able and not able to influence the economic performance.

In this research, ordinary least square and time-series analysis regressions have been applied leading to an outcome that there was no influence of the financial market on the economic development of Mongolia for the period 1995-2010.

CONTENT
Acknowledgement i
English Abstract ii
Chinese Abstract iii
Outline of Content iv
List of Figures vi
List of Tables vii

CHAPTER I INTRODUCTION

1.1 Research Background 1
1.2 Mongolian Domestic Financial Sector 2
1.3 Motivation of study 4
1.4 Purpose of the research 5
1.5 Scope of research 5
1.6 Thesis structure 5

CHAPTER II LITERATURE REVIEW

2.1 Literature Review 6

CHAPTER III RESEARCH METHODOLOGY

3.1 Research process 13
3.2 Research hypothesis 13
3.3 Research instrument 14
3.4 Methodology 16
3.5 Data and indicators 26
3.6 Goodness-of-Fit by using R2 27
3.7 Autocorrelation (Durbin-Watson test) 28

CHAPTER IV DATA ANALYSIS

4.1 Initial regression 30
4.2 Model interpretation 31

CHAPTER V DISCUSSION AND CONCLUSION

5.1 Conclusion 40

REFERENCE 43


LIST OF FIGURES

Figure 3-1 Research process 13
Figure 3-2 The ratio of credit to the private sector to GDP 20
Figure 3.3 Stock Market Capitalization 21
Figure 3.4 Liquid Liabilities to GDP Ratio 23
Figure 3.5 Interest Rate Spread 23
Figure 3.6 Economic Growth 24
Figure 3.7 Inflation 25
Figure 3.8 Initial Income Per Capita GDP Per Capita (current US$) 25
Figure 3.9 Trade 26
Figure 3.10 Durbin Watson test 28
Figure 3.11 t-statistic 30



LIST OF TABLES

Table 1-1 Mongolia at glance 1
Table 2.1 Review of some articles 13
Table 3.2 Data 20
Table 4.1 Real per Capita GDP Growth Regression Results with DCPS 33
Table 4.2. Real per Capita GDP Growth Regression Results IRS 35
Table 4.3. Real per Capita GDP Growth Regression Results with LLG 37
Table 4.4. Real per Capita GDP Growth Regression Results with STMC 39

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