Study On Efficiency Of Disposition Of Funds In The West Region

The western development has always been the focus that economists have paid close attention to. With the finance playing more important role in the economic operation, it is inevitable to study the regional development of economy from the view of finance. As the key element of finance, funds to a great extent determine the economic development in a region and the macro-economy operation. Since the western development strategy has been implemented, the situation of funds in short has been alleviated to some extent, but the fundamental fund bottleneck has not been removed with the spatial difference in economic development expanding. It is proved that to emphasize the total amount of the fund too much and ignore the funds disposition can only result in fund waste and fund lack. On the contrary, improving funds efficiency is the essential way to promote the western economy development. In view of this, this paper has analysed the state of funds efficiency in the west on the basis of research results both at home and abroad. Then this paper has probed the inherent causes of the situation of funds efficiency from five aspects: the finance development, investment and financing system, industrial structure, ownership composition and state policies. The analytic methods including normative analysis combined with empirical analysis, historical analysis and logical analysis are through the paper.This main body of this paper is composed of four parts except the foreword and concluding remarksFirst part has commented on the relevant theories including regional economy theory and regional finance theory. The regional economy theory has studied the problems about resources allocation in different areas and regional economic growth, but the regional economy theory has not considered the influence of finance in the course of the economy operation. The financial development theory at abroad, the regional finance theory at home and the research results on the western finance have composed the regional finance theory system. The research on efficiency of funds disposition at home and abroad is not enough. The current situation of regional economy is also elaborated in this part. The differences in GDP increasing rate, per capita GDP, per capita disposable income and industrialized course have proved that the disparity among different regions is expanding.Second part has analysed the state of funds allocation in the west and has made a general judgment about it. Bank intermediary and capital market are the main channels that make fund transferred from the suppliers of funds to the demanders of funds. Enterprises are the principal subject that utilize funds. This part has compared and anlysed the bank efficiency, capital efficiency and enterprise efficiency, then has drawn the conclusion: It is the low efficiency of disposition of funds, that is ,the low bank's and capital market's efficiency of funds allocation and the low enterprise's efficiency of funds utilization, that hinders the western development of economy.Third part has interpreted the intrinsic mechanism of the low efficiency of fund disposition in the west from the point of economy and finance. As to the finance aspect, on the one hand financial development lags behind so that the good financial environment is lacked. On the other hand, the impeferct investment and financing system can't give the high-efficient disposition of funds financial institution guarantee. As far as the economy aspect is concerned, industrial structure and ownership composition are the preconditions that funds are allocated rationally. State policies have different effect on different areas, thus become an indirect factor influencing efficiency of funds disposition.Fourth part has concentrated on putting forward corresponding countermeasures and suggestions in order to improve the efficiency of allocation of funds in the west. To improve the funds efficiency must apply all kinds of tactics that are integrated. This paper has given some specific remedies concerning every aspect of economy...