China's Stock Market And Economic Growth, Regional Differences Between Study

Analysing the relationship between the stock market and economic growth in China is an objective understanding of the stock market's status in national economy and a premise to further the stock market development .However, China is a vast developing country and its economic and financial development is very uneven.The relationship between the stock market development and economic growth has significant regional differences. Analysis of regional differences in the stock market development and its impact on regional economic growth not only is of great practical significance, but also is of great theoretical significance. This paper's purpose is to analyse the theory of the relationship between the stock market and economic growth and to clarify the interaction mechanisms between the stock market and economic growth .At the same time,this paper gives the description and empirical testing of the stock market and regional differences of economic growth in China .At last,this paper provides policy about how to make more effective use of Chinese stock market to promote balanced economic growth. This paper includes four chapters:Chapter I is the theoretical analysis of mutual interaction between the stock market and economic growth .This chapter is divided into two parts: The first part is the theoretical model of the interaction between stock market and economic growth. The second part introduces three mechanisms of the stock market's role in the economic growth.Chapter II shows regional differences of Chinese stock market development and economic growth. At first, this chapter analyses the regional differences in economic growth. Secondly, this chapter introduces the evaluation indicators of measuring regional differences in Chinese stock market. Thirdly, this chapter describes the regional differences' feature of Chinese stock market development. Finally, this chapter comes to the conclusion: Chinese stock market and economic growth have significant regional differences.Chapter III is the empirical testing. This chapter is divided into three sections: The first part introduces the empirical testing model. The second part is the empirical testing of Chinese stock market's role in regional differences of economic growth. The last part is the empirical testing of regional differences in mechanisms of Chinese stock market's role in economic growth.The fourth chapter is policy proposals of the use of the stock market to promote the balanced development of economic growth in China.