Credit And Economic Growth

The relationship between financial support and economic growth, has been a theoretical hot topic of domestic and foreign literature, this problem has a detailed discussion. The Shandong province is China’s big economy, but in the lack of necessary theoretical research, this paper to Shandong’s credit and the relationship between economic growth to make detailed analysis. The proposed for adjustment of credit structure and accelerate the economic growth of Shandong province.This paper is divided into four parts. Mainly from the historical documents, the special period of credit policy, Since1980credit data to carry out empirical research an analysis of three aspects. The relationship between credit investment and economic growth, and on the basis of above three aspects of the analysis, when to put forward to promote Shandong credit to support economic growth suggestion.The first part is an introduction, several representatives of the ideological selected primarily from historical documents, financial credit and economic growth affect each other, single direction of impact and there was no impact of the three perspectives, the overview by more than three points of view, as well as domestic the particularity of different parts of research literature and our financial policy and financial and economic development imbalances, combined with the credit and economic growth in Shandong Province instance, the research purpose and meaning, and this article frameworks and research methods.The second part of the theoretical analysis section introduces the relationship between credit and economic growth. That part first define the concept of credit and economic growth, and then analyze the internal factors of economic growth, the amount of money, and the relationship between economic growth and financial development and economic growth, and finally to the Shandong economic trends, for example on credit how the promotion of economic growth, and in the process, financial and credit support to play what role.The third part is the empirical research. The part of the main reference credit in Shandong Province since1980and GDP growth data, the main line of the two parts of data analysis from the linear regression, counteraction test regression smooth, and the impulse response lag credit investment and economic growth in the existence of a smooth linear relationship.The fourth part is the measures to promote Shandong credit to support economic growth. The part to clarify the significance of the building SME credit system, and then from the main body of policy formulation and implementation, allocation of credit resources and optimize the credit structure and innovative small business loans three aspects were analyzed and corresponding recommendations to Shandong Province’s economic growth to benefit.