The Stock Market And Economic Growth

This paper is trying to analysis two respects with the theory and empirical evidence on function of the stock market to economic growth. The development of the stock market can improve the capital and dispose efficiency , and then promote economic growth So, the capital disposes the improvement of efficiency to mean in a situation that the change does not take place in the total amount of the social capital, the money-capital can flow high-efficiently between every industry department and enterprise under the circumstances that the signal of the long-term profit drives , make the fund dispose to profitably, in industry's department with high efficiency and with higher growth, raise and invest benefit and ratio of factor productivity, improve the industrial structure , improve the security and service efficiency of the savings fund, and then promote the intensification of the economic growth Acting on the full play depending on own function of stock market to a great extent to economic growth of development on the stock market The function on the stock market performs the more abundantly , the more perfect, help to promote the economic growth ; On the contrary, if stock market in design and store function in to be disorderly in operating, will influence the improvement of the economic growth rate ,Certainly, the function on the economic growth of development of the stock market receives such as macroeconomic environment, influence of the stage of economic development and economic policy too. The main content of this paper is divided into four parts. First part It is the theory norm that analyses some, comment to the stock market and relevant theories of economic growth, is it increase from material object stage that theory occupy an leading position change into taking monetary economic growth theory as leading factor stage and from it .it change to explain Two major finance taken as the leading factor in financing develops the transition of the theory and the theories of the stock market and economic growth relation. Second part Stock market and economic growth life make model part, is it analyses to stock market and function mechanism of economic growth especially after the function of stock market to analyses. The third part It is the stock market and economic growth real example that analyses that investigates mainly the capital of real economy of our country is disposed , the relation and stock market mobility among the change of stock price of our country and real economy change. The fourth part It is the policy recommendations of quickening the development of stock market and promoting the economic growth, on the basis of existing research results and international experience, proposing the role who orients the government while developing on the stock market rationally, the stock market must develop into the direction with the market, advance the marketization of market supervision of stocks, it seek stock market the sustainable developments make development of stock market the getting finer and not fast with raising there aren't investment quality and then quantity of society not whole Close the policy recommendations.