| Economic growth is related to national political problems and the improvement of people’s living standards. It is the primary condition of political stability and social development. Since Schumpeter to Smith, the relationship between financial development and economic growth has become one of the major problems in the economic circles research. The global financial crisis in2008brought heavy blow to the global economy and at the same time it also contributes to a tide of financial development discuss. Practice has proved that a good financial system is the important condition to promote the development of economy in the developed countries and an effective financial system brings significant impact to a country or region’s economic development. At present, many countries regard that to foster a perfect financial system as important goals in order to deepen financial reform and making macroeconomic development strategies.At present, it has been proved by most of the research results that the financial development can facilitate economic growth theory. But it is still needed further research and discussion on the relationship between fixed areas as the development of economy in different areas is different. The financial development level and inconsistency of financial structure will produce different effect between financial development and economic growth, in some regions it is likely to show the negative correlation relationship between financial development and economic growth.In allusion to the relationship between financial development and economic growth in each province in China, there are a lot of scholars in research and very valuable research results are obtained. In this paper, it studies the relationship between the financial development and economic growth in guangxi on the basis of the predecessors’ successful theory. Because of guangxi is located in minority nationality areas and the economic development obviously lags behind, also the beginning of the history of the development of financial market is low, the GDP brokes through the one trillion mark until2011. Although guangxi economy has made great achievements by the driving of the China-asean free trade area and the pan-beibu gulf economic zone, the relationship between financial development and economic growth in guangxi is also needed further discussion whether it is positive correlation or negative correlation.Through the empirical analysis, this paper argues that there exists positive correlation between financial development and economic growth in guangxi and each index of the effect on economic growth is not the same. The financial development efficiency and the degree of stock market development are negative related to economic growth, financial related rate and the economic-political are positively related to economic growth.According to the requirements of the study, this article altogether is divided into six parts:First of all, it discusses the article’s selected topic background and research significance and puts forward the research methods and innovation of this article. It also puts forward the structure arrangement and way of thinking of this paper.The second chapter, it discusses the related theory about financial development and economic growth from the angel of home and abroad. It concludes that under the condition of the normal financial development promotes economic growth.The third chapter analyzes the factors of guangxi economic and financial. And through the comparison with each factor of the country, it concludes that financial development and economic growth of guangxi backward the national average.The fourth chapter mainly conducts the selection and analysis of indicators of economic growth and financial development based on the availability of existing data.Chapter5mainly is the empirical analysis part. First of all it is needed to analysis the needed empirical economic and financial indicators, and then obtains the relationship between the economic growth and financial index through the unit root test, cointegration test and granger test. Last analysis the result simply.Chapter6is mainly the suggestion part, in view of the above analysis results the author put forward some suggestions and opinions, hope to be able to have influence on the development of guangxi’s economic and financial.Chapter7is mainly analysis and discussion aiming at the shortcomings of the research and the conclusion of this article. And then the author obtains some specific measures, in order to carries on the related research in the future. |
