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20082Feb.2008261Humanities&SocialSciencesJournalofHainanUniversityVol.26No.1,(,410079)[],20012005,,[];;;[]F224.0[]A[]1004-1710(2008)01-0052-06[]2007-08-12[](06AJL002)[](1972-),,,,2003,,2006,WTO,:,,,200612,2921,312,,,,,,Goldsmith(1969),[1],,:DeGregori&Guidotti(1995)[2];Levine(2002)(2001)[3-4];(1999)(2003)[5-6]2080,,,:(1),,;(2),;(3),,;(4),,Claessensetal(2001)25,,,;,[7]Levine(2003),,[8]Demirgucetal(1999)Papietal(1999)(2005)[9-11],BayrakatarNihal&WangYan(2004),,,;,,[12]Edchenbachetal(2002)130,,,,,200120051.4%,Mattoo,Rathindran&Subramanian(2001),20012005,,-Q=AKL1-01,(1),Q,KL,A,A,,,,r=++(2)(2),,,,,,K,,,K,(1),r=QK(3)(1)(3),,Q=AAr1-L,K=Ar11-L,(4)35:EdchenbachFelix,FrancoisJosephF.FinancialSectorCompetition,ServicesTrade,andGrowth.CEPRDiscussionPaper,2002,3573:AvailableatSSRN:=348561.S=Ar11-L,,S,,,,S=K(2)(3),ddK=(-1)K[-2]L[1-](5)nx1,x2,x3,,xn,max{Ri|Ri=xi(xi)-bxi}i=1,2,3,,n,(6),Riib,,,n,,,,,:9L19x1=(x1)+x19(x1)9x1-b=09L29x2=(x2)+x29(x2)9x2-b=09Ln9xn=(xn)+xn9(xn)9xn-b=0(7)(x1)=(x2)==(xn),ni=1xi=K,,,9(x1)9(x1)=9(x2)9(x2)==9(xn)9(xn)=99K(7)n+K99K-nb=0(8)(5)(8),=nb+(1-)(+)n+-1,(9)(9)55n=b-bn-(1-)(+)n+-10,,(4)dQd=A-1(A)1-r1-1,(10)(10),,20012005183,,4520081Mattoo,Rathindran&Subramanian(2001)11,(),,1.4%5.11%,Mattoo,Rathindran&Sybramanian(2001),120012005/%/%15.0112.48510.281.57427.8019.79845.0820.86720.199.60520.721.40810.4313.21515.3016.4656.685.11873.8440.65826.1312.34512.7113.91723.2521.41724.2243.71636.0636.96411.2612.79422.5415.04810.856.835:BANKSCOPE;Mattoo,Rathindran&Subramanian(2001)18(2)(Returnonaverageassets)(Returnonaverageequity)(Netinterestrevenue)()(Overheads),,,,,,(3),,GDP5%,10%,,,,,,(T1.28),,,,2001200555:MattcoAaditya,RathindranRandeepandSubramanianArvind.MeasuringServicesTradeLiberralizationanditsImpactonEconomicCrowth:Anll2lustration.WorldBankPoliceyResearchWorkingPaper,2001,2655:AvailableatSSRN:=632723.,EUICountryDATA20012005,Danieletal(2005)[13],,(45)2200120051.039.602.311.140.4223.481.680.921.6412.721.170.691.6213.742.823.510.806.252.352.841.2210.201.380.860.7212.061.991.540.9414.432.201.880.737.781.872.010.393.612.554.371.9318.505.707.940.8212.302.922.761.878.933.445.051.1311.783.993.781.0011.004.634.382.5213.805.845.200.856.785.165.701.2720.272.832.09:BANKSCOPE3GDP2.6328.586.086.941.13-0.17-2.35-0.31-0.280.510.090.730.220.310.40T-1.893-3.2133-1.43-0.921.28R20.790.840.800.790.33:331%,310%4T0.010.0023.190.01-0.220.08-2.940.01-0.480.13-3.570.002.330.445.300.00:5T0.010.030.420.68-2.590.92-2.800.01-0.131.73-0.070.9429.364.736.210.00:6520081,,,,,,,,,,,,,,[][1]GOLDSMITHRW.FinancialStructureandDevelopment[M].NewHaven:YaleUniversityPress,1969:42.[2]GREGORIJ,GUIDOTTIPE.FinancialDevelopmentandEconomicGrowth[J].WorldDevelopment,1995,23(3):433-448.[3]LEVINER.Bank2BasedorMarket2BasedFinancialSystems:WhichisBetter[J].JournalofFinanciallntermediation,2002,11:398-428.[4],.[J].:,2001(4):22-28.[5].:90[J].,1999(1):14-20.[6],,.:[J].,2003(1):3-21.[7]CLAESSENSS,DEMIRGUC2KUNTASLI,HUIZINGAH.HowDoesForeignEntryAffecttheDomesticBankingMarket[J].JournalofBanking&Finance,2001(25):891-911.[8]LEVINER.DenyingForeignBankEntry:lmplicationsForBanklnterestMargins[J].CentralBankofChileWorkingpapers,2003,222:238-255.[9]DEMIRGUC2KUNTASLI,HUIZINGAH.MarketDisciplineandFinancialSafetyNatDesign[C].CEPRDiscussionPapers,1999,2311:23-45.[10]PAPIL,REVOLTELLAD.ForeignDirectlnvestmentintheBankingSector:ATransitionalEconomyperspective[J].DevelopmentStudiesWorkingPapers,1999,113:54-78.[11],.[J].,2005(2):58-66.[12]BAYRAKATARN,WANCYan.ForeignBankEntry,PerformanceofDomesticBanks,andSequenceofFinancialLiberalization[J].WorldBankPolicyResearchWorkingPaper,2004,3416:1266-1287.[13]DANIELK,KRAAYA,MASTRUZZIM.GovernanceMatters:Governancelndicatorsfor19962005[J].WorldBankPolicyResearchWork2ingPaper,2005,4012:167-198.[:]TheEffectsoftheOpennessofFinancialServiceTradeonBankingEfficiencyandEconomicGrowthCHENYong,XIEJian2gan(lnstituteofEconomicsandTrade,HunanUniversity,Changsha410079,China)Abstract:Inthisarticle,afterreviewingbrieflytheeffectsoftheopennessoffinancialservicetradeonbankingefficiencyandeconomicgrowth,ananalyticalmodelhasbeenformulatedtotestthepredictionsonpurposetosimulatesomeoftheabovementionedeffectsbasedonthecross2countrypaneldatafrom2001to2005.Theem2piricalresultsindicateastrongcorrelativitybetweentheopennessoffinancialserviceandreturnoncapitalandthatonequityofbankingsectors.Butthelinkbetweentheopennessoffinanceserviceandbankingoverheads,netinterestrevenueandgrowthrateseemstobecasual.Thereforeweconcludethattheopennessoffinancialsec2torswillimprovethebankingefficiencybutnotnecessarilyleadtohighereconomicgrowth.Keywords:financialservicetrade;entryofforeignbanks;bankingefficiency;economicgrowth75: