An Empirical Analysis Of Financial Development And Economic Growth In Anhui Province

Reform since opening to the outside world, economy relation gradually finance-rization following the high speed growth of Chinese economy. At the same time, the level of finance development has improved quite a few. The effect of finance deploying in resource has also got more and more many taking seriously. But, there still have some debates in academic circles in home and abroad so far all about the inherent relation between finance development and economic growth. But the point that the finance development is able to boost economic growth has obtained the majority economist's approval. Because of this, in order to serve the need that the finance and economy run better in Anhui Province and take to research the inherent relation between finance development and economic growth from this angle so as to boost the both benign moving mutually more well. At the same time, I will provide a little beneficial suggestion to sustainable development of the economy of Anhui Province on this account.It is a complicated research problem about the finance development and the economic growth, there Contains a lot of factors research problem with it. Especially in a province scope inspection, there are the very few literatures to be referenced, this also increased some difficulties for me to write this article. Because of this, I writes this article most probably carrying such one kind of psychology of "careful" dyadic trial and exploration. I tries to analyze the inner link between the finance development and the economy growth of Anhui Province with the economic knowledge learned in school and the predecessor' s research results. Therefore the main body of my article research train of thought cardinal principle as follows: To constructs the theory model about the finance development and the economic growth of Anhui Province by utilizing the pertinent economics theory and drawing a relevance studying a document. And then, judge by relevance variable in model and seek a relevance statistical data and handle with it. On the base of these earlier period work, apply the Eviews software to carry out demonstration analysis and the relevance demonstration checkout, finally I will submit a few pertinent policy suggestions based on the demonstration conclusion reaching. This article include four sections:PartⅠIntroduction: I will give a brief expounding and explanation about the selected topic basis and their significance. Then I will set forth once my own the train of thought studying and total idea at the base of carding about the finance development the research current situation with economic growth relation.PartⅡThe finance development and the economic growth coactions mechanism studies: I will carry out thorough research and analyses the coactions mechanism that the finance development with economic growth.PartⅢThe demonstration analyses of the relation between finance development and economic growth of Anhui Province. I will begin to set about structuring the theory model with the pertinent statistical data and apply a series of the econometrics demonstration analysis method to analysis the inherent relation of the finance development and the economic growth of Anhui Province.PartⅣConclusion and pertinent policy suggestion: I will give an theory explanation for the analytical result of demonstration of PartⅢand accordingly submit a few pertinency policy suggestion.The innovations of this article include: Using Granger causality tests study the relationship between finance development and economic growth depending on one province range and carrying out demonstration analysis by structuring the meterage economic model between the both in order to let the conclusion reaching especially cogent. Secondly, applying the relevance classics theory of finance development with economic growth and union the reality of Anhui Province to come to carry out demonstration analysis. All of those will let the demonstration analysis of the article have a pertinency especially. Granger causality tests indicates that between the finance development with economic growth existence Granger causal relationship at present. But, this relation is one-way only, economic growth is the Granger causality of the finance development; But the effect that the finance development to economic growth is not notable. I think that this may be decided by the characteristic of economy running of Anhui Province. There exists the financial repression problem in possibility. By Structuring the meterage economic model, the result of demonstration has also very good certificate this one point, This lets me further firmly believe that there may have finance restraint problem in the process of Anhui Province economic growth. Since the incomplete marketplace passes through as a result of proceeding orderly to complete market economy, the relation between the both is shown that economic growth has promoted finance development but this development is that one kind of passivity "a dyadic falsehood is prosperous satisfy one kind obedience" that government leading factor type economy expands only.