Based On The Variable Coefficient Model Of China’s Sub

Finance is the core of modern economy. Regional economic development is not only a nationalstrategy, it’s also the theme of the urban competition. As China’s Sub-provincial Cities WhichSpecifically Designated in The State Plan is the regional financial center and regional economic"growth pole", they are the model of the regional economic development.Therefore, the study of theinfluence of Regional Financial Development on Economic Growth can not only further reveal theintrinsic mechanism of the regional financial development promotes the region economy growth, atthe same time, it also can provide financial policies to the economic growth.Based on the reviewing of theoretical and reference literature, thev paper determine the logicalstarting point of study and the category, then through the relevant concept definition, the paper analysisthe mechanism、characteristics and influence factors that the regional financial development influenceeconomic growth. Based on this, the paper further reviewed the financial development and economicgrowth process of deputy provincial city specifically designated in the state plan, and then use thefactor analysis and panel data model to demonstration the influence of financial development to theeconomic growth from1997-2011.At last, In the empirical results based on the analysis of the reasons,we puts forward countermeasures.The main conclusions of the research are:The financial development level of China’s Sub-provincial Cities Which Specifically Designatedin The State Plan from high to low in order as: shenzhen, dalian, ningbo, Qingdao and xiamen; Exceptxiamen, other cities’ financial development level can significantly promote the economic growth, thelevel of contribution from high to low in turns are shenzhen, Qingdao, dalian, ningbo, and thecontribution of financial development promotes economic growth in labor and capital is less than theinput factors.The financial development of China’s Sub-provincial Cities Which Specifically Designated inThe State Plan of is influence by regional geography, system, culture and other factors; The influenceof Financial development on economic growth existence "supply guide" and "needs to follow up"effect; Restricted by the mode of economic growth and opening degree, the financial developmentpromotes economic growth is less than the degree of labor and capital investment. To promote the financial development of China’s Sub-provincial Cities Which SpecificallyDesignated in The State Plan to support economic growth,we should be based on: to expand thefinancial innovation service function and establishment of multi-level financial market system, Tostrengthen regional credit environment construction and construct finance cultural environment; Tostrengthen the government laws and regulations, supervision, and guide the financial industry to behealthy and sustained development.