Financial Support Study Of Zhuang Nationality Region Economic Development

Finance is the core of modern economic growth, and plays an increasingly important role in modern economic growth. Therefore, the solution of Financial Issues has become a crucial factor which affects regional economic growth.Based on the development economics theory, it is considered that capital is the major factor which will impact a country's economic growth. The capital and the formation of capital are closely related to the economic growth; according to regional economics theory, it is emphasized that capital is significant in the regional economic growth, but should be pay more attention to the role of government; in the Institutional Economics theory, the importance of institution in the economic growth is stressed; and from the perspective of the financial development theory, it is maintained that Financial intermediary and financial markets play an important role since they can promote the economic growth.These theories emphasize that the savings is important in the economic growth, and consider that the investment which converted by the savings can stimulate the economic growth. Lots of existing empirical literatures also maintain that there is some relevance between financial development and the economic growth.In that case, do the financial development and the economic growth have relevance? How about the degree of relevance between them? What is the mechanism between them? The thesis will discuss these issues, from the following perspective:1. In chapter 2, based on the research conclusion, as the point of penetration, of the financial support theories relating to the relationship between regional economic growth and capital (savings), the thesis theoretically deduces that the financial issue is the crucial conditions which can be used to solve the problem of the economic development of Zhuang Autonomous Region, so as to provide the theoretical premise and research basis for the study of financial support issues of economic development of Zhuang Autonomous Region.2. In chapter 3, based on the theory described in chapter 2, using the structural equation model and fund influence model, and choosing GDP, loans and deposits of financial organizations, the amount of utilizing foreign capital, the amount of financial market financing, and fiscal expenditure as indicators of variables, the thesis empirically analyzes the correlativity between, and the importance of, the regional economic development and capital structure. The result of the empirical analysis shows that the utilization of foreign investment contributes the most to the regional economic growth, following by fiscal expenditure, and bank credit. Consequently, in order to keep the rapid economic development in the Zhuang Autonomous Region, a good job should be done mainly in the following aspects:(1) According to the investment precedence order, the government should strengthen the policy guidance of regional capital structure.(2) Improve the intensity of regional financing to break the chain of poverty cause and effect cycle, which is also applying to our country's regional economic construction.(3) From the perspective of the investment priority order, to adopt the fiscal policy is better to the monetary policy in the poverty-stricken areas.3. In chapter 4,5, and 6, according to the results of the empirical analysis in chapter 3, the thesis investigates and analyzes the intrinsic mechanism and operating principle of financial support, the efficiency of institution supply, and financial support policy of the Zhuang Autonomous Regional economic development. Financial support mechanism is the interactive condition between finance and industry, the channel for the effect of financial support, and conductive mechanism of the financial resource effects. Financial support is a specific operating progress of economic-finance. Different mode of policy supplying will produce different supplying efficiency. And enacting a specific financial support policy with the national characteristics provides an important role in keeping the rapid economic development in the Zhuang Autonomous Region.Through the studies discussed above, the thesis enriches and expands the content of financial support theory. What is more important is that this thesis obtains several important conclusions, that is, in order to develop the less-developed local economics, the government of Zhuang Autonomous Region should do mainly in the following aspects:firstly, according to the investment precedence order, the government should strengthen the policy guidance of regional capital structure; secondly, improve the intensity of regional financing to break the chain of poverty cause and effect cycle, which is also applying to our country's regional economic construction; finally, from the perspective of the investment priority order, to adopt the fiscal policy is better to the monetary policy in the poverty-stricken areas. For poverty-stricken areas, "the project needs fund" is still an important task of regional economic development.