Savings Structure And Financial Development, Economic Growth

Recently, there rise a peculiar phenomena in the economic construction in China, that is on one hand, the amount of savings is increasing rapidly and great amount of capital is not put into service; on the other hand, our country is still lack of investment and construction capital. This conflict reflects the fact that the unreasonable distribution of savings structure has lead to low efficiency of capital using. Obviously, high rate of savings can't guarantee high quality of economic growth. The key is to allocate the savings capital properly to enhance the using efficiency.On the basis of present savings theories, the thesis defines the definition of savings and savings structure and analysis the savings purpose of three economic bodies. Due to the lack of complete statistic data on savings, the thesis sort out relative data on division structure and capital structure of savings. Through analyzing on savings data, we can see great changes have taken place in the division structure and capital structure of savings in 20 years since the reform began. By this clue, due to the changes of income allocation, consumption, social security, financial capital and rates, savings structure has been fundamentally affected. On account of the history of financial development in China and the existing inconsonance between savings and investment, the thesis point out that the optimization of savings structure can be driven by the development of finance. By revising Harid-Doma's Economic Growth Model and analyze the correlation and regression relation between savings structure and Financial Interrelated Rate and Economic Growth Rate, the thesis draw the follow conclusion: either from theory or from practice, savings structure has positive correlative relation with financial development and economic growth. Optimization on the division structure and capital structure of savings can promote financial development and economic growth. Vice verse, financial development and economic growth create the condition for the optimization of savings structure. They are interactive. Meanwhile, the thesis presents the bond tendency of development of savings structure. At last, the thesis list out six negative effects lying in the present savings structure and tries to give corresponding suggestions on optimizing savings structure from the three aspects: the construction of the adjustment of income allocation, the construction of social security, the perfection and standardization of capital market. The thesis tries to offer some reference for the relative division drawing policies.