An Empirical Analysis On Relationship Between Credit Availability And Economic Growth Of Shaanxi Province

After the financial crisis, Shaanxi Province take various measures tourge the stable economic growth closely around the overall goal of theprovince’s economic and the social development while conscientiouslyimplement the national monetary policy. At the same time, the financialinstitutions played a positive role in promoting the credit investmentstable growth by increase the credit combined with the actualdevelopment of the local economic. But the data shows that the creditamount of Shaanxi province still cannot meet the needs of the overalleconomic development, at the same time, the credit structure alsopresents the uneven distribution, such as the unreasonable industrialstructure, the credit structure imbalance caused by unbalanced regionaleconomic development, loans industry concentration significantly, theSME loan difficult problems still exist.This article aims to analyze the, the total credit, the credit termstructure, the credit regional structure, the credit industry structure ofShaanxi Province, and research on the relationship between the creditinvestment and economic growth by test with empirical. The results showthat:(1) the long-term equilibrium relationship between the total creditexpenditure and economic growth, and one-way Granger causalitybetween the total lending and economic growth of Shaanxi Province. (2) On the credit structure and economic growth correlation,theimpact of short-term and long-term loans on economic growth arepositive, but the effect of long-term loans on economic growth was lesssignificantly than the short-term loans.(3)In the view of the correlation of the loan industry structure andeconomic growth, industrial loans, commercial loans, agricultural loansand economic growth of Shaanxi Province changes in the same direction;in contrast, the contribution of commercial loans to economic growth ishighest, the industrial loans followed, the agricultural loans are lowestand lag.(4) In the view of the regional structure of credit, the contribution bycities to economic growth of Shaanxi Province are difference, but theentirety presents regionally, specifically expressed that the contribution ofcredit expenditure of Guanzhong area is the highest to economic growth,followed by Northern Shaanxi and the Southern Shaanxi is poor.Deep mining the problems of credit in the economic growth ofShaanxi Province through the above analysis, and proposes the relatedcountermeasures.