Guangdong Regional Differences In The Relationship Between Financial Development And Economic Growth

Making the relationship of Guangdong disparities of regional financial developmentand economic growth sever as main line, step by step, which have been analysised thestatus quo of the Guangdong financial development. We conclude the following mainconclusion: one, the Pearl River Delta economic region are occupied absolutesuperiority in terms of gross index, structure index and efficiency index, while bothwings and mountainous area are in a bad situation compare to the Pearl River Deltaeconomic region.Two, from beginning of90s,Guangdong mechanism of socialistmarket economy had been progressively perfecting, Guangdong regional disparities offinancial development is still in the market of divergent period under the influence ofmarket mechanism. Three, we have observed that Guangdong disparities of regionaldisparities had been increased by0.00014118every year, so Guangdong regionaldisparities of financial development is in the acceleration trend, which is thelong-term trend of disparities.Four,Guangdong financial disparities for all regionalhave negative effects on economic growth from cointegration relationship perspective.but which have different negative effects in different region. In The most developed inthe economic and financial Pearl River Delta, the effection regional financialdisparities on economic growth is not the biggest, but mountainous area economicgrowth is most sensitive response to regional financial disparities. It is natable thateffection regional financial disparities in the east on economic growth is increasing. Inthe short run, short-term change of GDP of the Pearl River Delta is unaffected byshort-term regional financial disparities, but in the east、west wings and mountainousarea, regional financial disparities had a significant negative effect on per GDP.At thesame time we also have stated the fact that although Guangdong took advantage ofvarious policy to increase the per GDP between2000-2010through error correctionmodel, regional financial disparities continues to expand...