An Empirical Study On Financial Aid Urbanization

Nobel laureate Joseph Stiglitz has predicted, "America’s technology and China’s urbanization will be the 21st century’s two major events affecting the world." For now in a critical stage of the economic transformation of China, the rapid development of new urbanization is becoming the economic growth and social development of a powerful engine. In this context, how to establish an effective financing mechanism, ensure the capital requirements of the construction of China "the connotation of urbanization", become an important strategic task under the stage of China’s financial development.Based on the review of analysis of the basic model of urbanization, financial development and economic growth theory, first analyzed the relationship between financial development and urban construction, and the selection of empirical data of Sichuan Province were analyzed, obtained between financial development and urban construction lagged causation; then from the supply and demand angle, analyzes the supply and demand situation of Sichuan province finance, there exists the gap of financial supply stage; next, the optimal path of Sichuan Province to boost the construction of town; finally summarizes the important conclusions are drawn, the financial support of the new urbanization construction of Sichuan province policy recommendations.The main conclusion of the study:Long-term stable relationship exists between 1, Sichuan Province financial related rate and the urbanization rate of two, in the short term, the error correction term of the deviation from the long-term equilibrium value of the urbanization rate reverse revision in the next stage, there is a dynamic equilibrium mechanism between showing financial related rate and the rate of urbanization.Route 2, Sichuan province finance boost urbanization needs effective combination of cooperative finance, commercial finance and urbanization financial, formed with each other financial structure system function, system innovation of financial system.3, financial boost Sichuan Province urbanization suggestions:one is to give priority to support the "Chengdu Chongqing" as the center of the national focus on the development of city group, vigorously promote the formation of large city construction and regional center city, play city "agglomeration" and "radiation" effect. The two is to play the leading role of the surrounding city, respect for the law of the development of small towns, will be the focus of funds to support the development of comparative advantage industry. The three is to increase the financial institutions business vitality, broaden the service caliber, innovation of financial products, financial role in rural urbanization.