The Financial Development Crack The Western Region "Resource Curse"

In this paper, on the basis of previous studies, large-scale development of the westernprovinces during the data econometric analysis proved the existence of the western region"resource curse". A "resource curse" the root causes of social and economic resourcesmismatch. We all know that the financial system of resource allocation function, if thefinancial system is no longer correct allocation of resources, it will only financial problems.To solve the financial invalid, you can only start from the development of the financialdistorted financial function is corrected, the error socio-economic pattern of resourceallocation is to be corrected. The functions of the financial exercise of the right, andultimately the "resource curse" problem would go away. Resource-based industriesaccumulated too many social and economic resources, so that other industry formed a strong"crowding out"."Resource curse" on the economic performance of physical capital, humancapital and technological innovation extrusion, in modern times, these factors cansignificantly promote an important source of economic growth. Financial theory,demonstrated financial crack the feasibility of the "resource curse" theory, and finally throughempirical testing, using the data of1998-2011years of the western region provinces, proof offinancial development crack the point of view of the "resource curse" correct sex. Financialdevelopment mainly from two aspects to crack the "resource curse" of the western region, onthe one hand, effective resource allocation function of the financial system, to correct the errorsocio-economic pattern of allocation of resources, to form the "resource curse" crack; On theother hand financial development to promote the development of the sources of growth,sources of growth in the economic performance of the reaction in the "resource curse", andultimately the formation of the "resource curse" indirect crack.