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产品市场与金融市场作为信息集散和企业监控机制在功能上具有一定的替代性;同时,当事人在两个市场上的战略行动又会产生溢出效应,从而形成两个市场间的战略互补关系。两市场间的这种相互作用客观上弱化了各自的协调失灵问题。进一步引入不确定性,发现当事人知识的差异性也会导致专业分工,从而刺激具有不同专业知识的人采取有溢出效应的战略行动,结果导致了两市场之间的战略互补关系。这种不确定性引发的两市场战略互补对经济增长有重要影响,并且其中也有乘数效应。
Product market and financial market have some functions in function as information collection and distribution and corporate monitoring mechanism. At the same time, the strategic actions of the parties in two markets will have spillover effect, thus forming a strategic complementary relationship between the two markets. This kind of interaction between the two markets objectively weakened their coordination problems. The further introduction of uncertainty and the discovery of differences in the parties’ knowledge can also lead to a special division of labor, thereby stimulating people with different professional expertise to take strategic actions with spillover effects, resulting in a strategic complementarity between the two markets. The strategic complementarities between the two markets triggered by this uncertainty have a significant impact on economic growth and there are also multiplier effects.