Study On The Relationship Between Guangxi Financial Structure And Econnomic Growth

The research object of the thesis is Guangxi finacial structure with regional particularity and the economic growth. It aims to study how to promote the economic growth by optimizing Guangxi financial structure. This article first makes an overview of the relationship between domestic financial structure and economic growth, then summed up the rules of the changes in domestic and international and make an investigation of the formation of financial structure in Guangxi. Make an analysis of the financial structure of Guangxi from the financial asset structure, financial institutional structure, financial structure, then describes the relationship between financial structure and the economic growth. at the end combined with the financial structure and economic development mechanism of interaction, make the quantitative analysis of the relationship between Guangxi financial structure and economic growth by financial structure index(financial scale, the efficiency of financial structure, stock value and premium income) and economic growth index. The mutual relationship of Guangxi financial structure and Guangxi economic development is explained entirely and accurately by the method of combining univariate regression with multivariate regression. What's more, the relationship has been verified.The main conclusion of the research is as follow:firstly, the single variable regression model shows that the average GDP per capita in Guangxi has positive correlation with the index of financial scale while has obvious negative correlation with the efficency index of financial structure. Besides, it has strong positive correlation with the premium income rate and weak negative correlation with the real interest rate. Secondly, the multivariate regression model manifests the average GDP per capita in Guangxi has remarkable relationship with financial scale index and the premium income rate, with the coefficient of elasticity of 0.1 and 0.95 respectively. And the average GDP per capita in Guangxi has notable relationship with the efficiency index of financial structure and the premium income rate, with the coefficient of elasticity of -0.1 and 0.95 respectively. The growth rate of average GDP per capita in Guangxi has indistinctive relationship with financial intermediary index while the plus or minus sign of correlativity are the same with the average GDP per capita.Aiming at the existing problems of Guangxi financial structure and combining empirical results, we believe there are several ways to optimize the structure. First of all, accelerate the financial reform and enlarge the financial scale. Second, perfect the financial organization system and balance the development of bank, bond and insurance to meet the need of economic diversification. Third, accelerate the regional financial cooperation which makes a support to regional economic cooperation.