The Validity Of Fiscal And Monetary Policies In Promoting Economic Growth In Nanning

There are many different theories and views on the role and mechanism about the validity of fiscal and monetary policies in promoting economic growth according the western economic theoretical circle. According to review the development of the empirical test about the validity of fiscal and monetary policies in promoting economic growth in macro and regional level, we can see, there is no doubt that the exits of differences in the validity of fiscal and monetary policies in promoting economic growth on the various developments stages in regions and nations.Therefore, in every economic development stage, we take the focus on the Nanning City which is in the use of fiscal and monetary policies related with regional economy to promote economic growth. And on this basis, selected regional relevant variables, we make the analysis of the validity of fiscal and monetary policies in promoting economic growth by use error correction model and pulse function. We draw the conclusions that monetary policy in promoting economic growth in the positive effect is more than fiscal policy in the long-term.After analyzing the influencing factor that fiscal and monetary policy respectively display the validity, according to the conclusion of the empirical analysis, put the related proposal for Nanning's economic growth: threads up the present central macroeconomic regulation and control policy, unifies with the provincial economy, strengthens the coordination of two policies, transits gradually to the monetary policy primarily, conforming to the policy as well as under the provincial economy situation condition, expands the financing channel, enhances the credit quantity to promote economic growth; and the financial policy mainly changes for the livelihood of the people, for the city infrastructure and serves for the economic structure adjustment.