Discussion On The Relation Of Finance Development And The Economical Growth In Heilongjiang Province

The economy development level and the international competition strength in a country or a local have a close correlation with its financial development. If financial system is more perfect and financial tool is richer, the efficiency of the financial service will be higher; if financial property is more abundant, the economy development level and the international competition strength will be higher. The finance development has already become a crucial factor to impetus economy development.Since the reform and open policy, in more than 20 years, as other areas in our country, the finance of Heilongjiang Province obtains the considerable development, the financial organ system has unceasingly consummated, the financing scale unceasingly expands; the money market system gradually forms, the financial service electron level is more and more high. However, opposite to the economical development of Heilongjiang Province, its financial development also has already lagged. Based on the present situation of the financial development in Heilongjiang, presents potential of the disparity expansion. How to mix the finance resources effectively and reasonably, to strengthen intrinsic function of "making the blood", to form the good internal capital formation and the circulation mechanism, is a realistic question which Heilongjiang Province faces currently. Therefore, the author studies the relation between the finance development and the economy growth in Heilongjiang Province, and proposes three suggestions about financial and economy coordinated development.First, begins with the factors which influence the finance development and the economy, the author analyzes the necessity to study the relation between them in the local stratification plane briefly, expounds between the region finance development and the economy growth has four kinds of theories relations, and analyzes the interior mechanism and the conduction mechanism between them. Next, based on the conduction theory in the preceding chapter, the author inspects the conduction process of the deposit in Heilongjiang Province becomes the investment then grew to the economy from the quota angle, obtains the inhabitant deposit of Heilongjiang Province is high, but the investment conversion rate is lower, thus its investment system appears the distortion, in view of this question author proposes the suggestion to "enhancing the efficiency that the deposit transforms to the investment in Heilongjiang Province " in the fifth chapter; then selects the suitable targets and establishes a return model, analyzes the Heilongjiang Province inhabitant deposit and the investment relational dependence, obtains that the technical progress factor of inhabitant savings deposit to the investment is to be bigger; The elastic analysis of the gross production of Heilongjiang Province to the investment indicates that, The gross production to invests is the rich elasticity, the influence of invests to the gross production is bigger. Once more, the author discusses the relevance between the various targets of finance development and the financial development and the contribution degree of the finance development to the economy growth, obtains gross production index and the finance correlation ratio has a very high relational dependence, the relational dependence between the insurance premium income and the gross production index is the weakest, which explains that the contribution the insurance organization grows to the economy is insufficiency; Meanwhile the author analyzes the connection and the connection foreword between them using the gray connection theory. Looking from connection foreword about the reference sequence of the gross production, the influence of the scale of saves and loans in financial organ to the gross production is in a big way, but the influence of insurance industry and negotiable securities industry to the gross production then relative is smaller, in view of this question, the author proposes the suggestion to "speeding up the development of the capital market construction and enhancing the direct financing proportion" in the fifth chapter. Finally, with the grainger causes and effects examination method, the author studies the causal relation of the finance development and the economy growth in Heilongjiang Province in a deeper level. The result indicated that, the finance development in Heilongjiang Province is the Grainger reason of the economy growth, this kind of Grainger causal relation is mainly the folk remedy approaches, which means that the financial development impelled the economy to grow but the economy growth has not promoted the financial development. This kind of promoter action mainly realizes through the expansion of financial property in quantity, but not through enhancing the disposition efficiency of the financial resources, in view of this question, the author proposes the suggestion of "enhancing the disposition efficiency of the financial system to the resources" in the fifth chapter; At the same time, using ADF method and cooperated the entire method, the author makes a further examination of the function the finance development to the economy growth in Heilongjiang Province, proposes a countermeasure suggestion to promote coordinated development between finance and the economy in Heilongjiang Province.