An Research About Capital Market's Promotion To Economic Growth Of Guangxi Beibu Gulf Economic Zone

Capital markets are long-term financial transactions relationships. Capital market in raising funds, optimizing resource allocation, promoting economic restructuring and upgrading the industrial structure and promoting corporate restructuring and other aspects of economic growth played a unique role in promoting. February 2008, the State Council officially approved for the Beibu Gulf coastal economic development zones, opening up the Beibu Gulf Economic Zone Development rose by a regional economic development for the national will, to speed up economic zone in Beibu Gulf of economic development, to promote its sustained and rapid economic growth in a the local government's top priority. The use of the capital market to promote economic growth in the Beibu Gulf Economic Zone is particularly important. How to develop the Bei bu Gul f Economic Zone and the capital markets to improve capital market on the Beibu Gulf Economic Zone to promote the role of economic growth? This is worth pondering the question, based on this issue, put forward the capital market to promote economic growth in the Beibu Gulf Economic Zone the research not only has a theoretical value but also has some practical significance, this study can enrich and improve the one hand, the Beibu Gulf capital markets theoretical system; the other hand, the capital market through the Beibu Economic Zone to promote the status of economic growth, raised the capital market to play a catalytic role to better the recommendations will help the Government to speed up development of the Beibu Gulf Economic Zone policy of rapid economic growth, there by Beibu Gulf Economic Zone and promote regional economic development in Guangxi.The first part focuses on the domestic and foreign literature, research indicated that the capital market have different degrees of economic growth promoted. From a theoretical point of view the second part of the capital markets and economic growth: capital markets and economic growth are mutually reinforcing, economic growth is to play a catalytic role in capital market basis, but the capital markets can promote economic growth, and through theoretical model describes the capital market mechanisms to promote economic growth, the theory behind the study provided for the bedding. Article in the third part of the detailed analysis of the Beibu Gulf Economic Zone status of the economy and capital market development, through comparative analysis of the Beibu Economic Zone and the capital markets are relatively backward, and with the empirical method of the Beibu Gulf capital markets to promote economic growth of the empirical test results show that the Beibu Gulf capital markets role in promoting economic growth is relatively weak. Detailed analysis of the fourth part of the Gulf Economic Zone to promote the role of weak capital markets, the reason: the Beibu Gulf Economic Zone the slow economic development, economic growth market due to the low level of capital market size is difficult to create; financial sector lagged behind the development of restricted space for the capital market ; the capital market itself lead to the promotion of the role of defects is difficult to play. Part V proposed to promote economic growth in the capital market to play the corresponding countermeasures and suggestions to: accelerate economic growth and raise the level of economic growth in the market for capital market development of economic infrastructure; development of the financial sector and improve the proportion of direct financing market; the establishment and perfect capital markets, enhance its ability to promote economic growth.Innovation of this paper is that the capital market in the study to promote the role of economic growth, the Beibu Gulf Economic Zone in the economic development was also studied and compared. The author believes that capital markets can promote economic growth in the first condition is to have a certain level of economic growth, the economy is the foundation, without economic growth there is no capital market formation and development. Thinking through the full text of this opinion, including the previous theoretical analysis in capital markets, capital accumulation is the basis and reasons for the formation of the Beibu Gulf Economic Zone in the backward economy has led to the formation of the capital market, and the measures proposed to play a role in promoting capital market Be sure to take into account the acceleration of economic growth, improve the level of economic growth and market. Articles innovations is that for the capital market to promote economic growth in the Beibu Gulf Economic Zone status of an empirical analysis, empirical analysis concludes that the capital market on the Beibu Gulf Economic Zone in the long term economic growth, there is no stable equilibrium relationship. The existence of this relationship to study capital market economic zone on the northern Gulf to play a catalytic role in economic growth provides the basis. The conclusion is: only the development and improvement of the Beibu Gulf Economic Zone the capital market in order to have the Beibu Gulf Economic Zone the capital market's long-term stable economic growth promoted.