Research On Financial Development And Its Impact On Economy Growth Of Hebei

The relationship of the financial development and economic growth has always been the core content of the theory of financial development; there are many research works about it both at home and abroad. A large number of literature researches show that financial development is an important reason to promote economic growth. Hebei province is next to Beijing and Tianjin, as an adjacent province in the north China area, in the key period of reform of financial system, what is the dependence relationship between the financial development and economic growth? How the various factors of financial development promote economic growth? How much do they influence? This article makes the research and analysis of the influence financial development to economic growth from the perspective of positivism, in order to get the preliminary answer.The process of financial development in Hebei province has both the characteristics of the financial development, and has its uniqueness, so making financial development in Hebei province as a sample for data has a great significance for the study, the research results can be further guide the construction of the regional financial industry in Hebei province, with a great significance for the show, and at the same time, it can also be used for reference to the other parts of the development of the financial industry.This paper is divided into five parts:the introduction, theoretical analysis, environmental analysis, empirical analysis, policy recommendations. The introduction part in this paper lead to the research question, making a brief description on the background and research significance, the research method and thinking; The theory analysis part introduced of financial development and economic growth theories, and then reviewed the related literature at home and abroad, based on this, analyzed interaction of conduction mechanism between the financial development and economic growth; Environmental analysis part firstly make the developing situation of the macroscopic description on the national economic and financial industry in Hebei province, Making the second chapter as the theoretical basis; The empirical analysis part use stationary test, co-integration analysis and granger causality test model to invest the relationship between the financial development and economic growth in Hebei province. The last chapter is the policy advice part, summarizes the main contents and conclusions in Hebei province, discusses the financial development goals; seek the financial development way to promote the economic growth in Hebei province.The paper analysis the relationship between the financial development and economic growth deeply to regional lay, breakthrough deliberate the study only in relation from the macroscopic level, so that we can be more comprehensive and in-depth understanding the problem, in Hebei province, this paper proposes a specific policy recommendations on how to promote financial development and economic growth.Over the course of the study, combined with financial development and economic growth in hebei province, using financial development indicators as the loan balance of financial institutions, securities market turnover, premium income, financial correlation ratio, the stock market depth, insurance market depth and so on, with the growth rate of real per capita GDP, on behalf of the economic growth, the combination of qualitative and quantitative methods, analysis and illustrates the relationship between financial development and economic growth in Hebei province in many levels.