Research On Financial Support For Sustainable Development Of Resources City

The most of resources cities are in the middle stage or later stage. These cities have a lot of problem, for example, resource is depleting, the cost of exploit is upswing, the structure of industry is unity, the installation of cities is behindhand, environment pollution is serious, and attraction of investment is shortage. The resource-based cities' capital is not enough of the solution of these problems. The urgent problem to resource-based cities is how to realize the perfect and innovation of investment system and the solution of capital shortage for the sustainable development of the cities while the resource is dried up gradually. In the light of this, it is necessary to establish and amplify a supporting system of resource cities finance and make great effort to facilitate its formation of the compatibility of system, mechanism and stimulus respectively.This paper selected 15 resources cities for example, and collected relevant data of these cities as research sample from 1996 to 2005, such as per capita GDP, loan balance and credit balance of financial institutions. Through the trim and analysis of these data we got FIR to measure finance's development level in resources cities. We can find that finance support system is backward and financial product is single in resources cities. Finance developed slowly, and even stopped.This paper used Vector Autoression Models, Granger Causality Test, Cointegration Test and Variance Analysis to analysis the relationshiop between economic growth and finance development in resources city. The results show that the financial development has not led the economical the growth, on the contrary, the economical growth actually promoted finance development in this type of city.This paper attempted to resources from the city's financial support models and monetary policy based, fully utilize existing financing methods, learn from foreign experience and the successful combination of resources to achieve sustainable development of cities the specific situation, from the overall significance of the initial construction of the urban economy financial support for the sustainable development of model: a main leadership and supervision, and participation in a number of auxiliary, multi-directional multi-channel mode of financing and financial support.In order to solve the problem of insufficient capital, a tilt regional financial policy, in particular the decision to improve the efficiency of capital accumulation and capital efficiency of the distribution of investment and financing system and enhance the operational efficiency of the financial markets and the ability to absorb funds is essential. Construction of resourcesIn order to make the finance be the supporting force and driving force in sustainable development of resources city, this paper solve the suitable financial support mode and financial policy, wide financing channel, improve financial environment, and so on.