An Empirical Study Of Financial Development On The Role Of The New-type Urbanization In Liaoning Province

Since the reform and opening up,the development of urbanization in Liaoning Province has improved continuously and has been in the national advanced level. With the accelerated process of urbanization, new urbanization has become an important force of the current to promote economic development in Liaoning Province, which also triggered the attention of the people the connotation and power of the new urbanization. And how to support the development of the new type of urbanization has also been a hot issue of finance in China, whether to go on the traditional road that land urbanization drive the population urbanization path which government dominated or the real market-oriented road, from exogenous drive into endogenous drive, hand in hand with the development of the land urbanization and population urbanization.At present, the construction of urbanization in liaoning province has entered a new critical period, so research on the development of urbanization in the process of how to bring into play the function of financial resource allocation and research funding needs in the process of urbanization and the corresponding policy recommendations has very important realistic meaning and practical value.In view of this, the comprehensive survey of the role of financial development in the construction of the new urbanization papers from two levels of theoretical analysis and empirical research.On the theoretical side. Thesis on the theory of financial development and urbanization development theory to summarize briefly comment on two theories.On this basis to continue to study the mechanism of the role of financial development to urbanization Between financial development and urbanization there are mutual influence and mutual restriction, the relationship between the financial system to the mechanism of action of urbanization construction mainly embodied in two aspects: first,providing financial support for the city infrastructure construction, real estate development, industrial adjustment and so on to expand the scale of towns;Then on the basis of theoretical analysis analyze the status of financial development and urban construction in liaoning province,and the liaoning province has been basically formed mainly to commercial Banks, the development of paper market, further meet the needs of the economic growth of financial many-sided.In empirical research papers based on multivariate VAR model and vector error correction (VEC) model, select the finance-related rate,the contribution rate of the financial institutions, financial efficiency as independent variables, use the unit root test, Granger causality test and co-integration test to empirical research between Liaoning provincial financialdevelopment and construction of new urbanization, using1992-2011time-series data.The empirical results show that:there is a positive correlation between the financial development of Liaoning Province and Urbanization.Finally, based on the previous theoretical analysis and empirical test results, I think that financial support to the construction of the new type of urbanization of liaoning province should in major breakthroughs were made in the following three basic aspects:firstly,the financial support to farmers to change the way of urban production and life; Secondly, the construction of financial support for the urbanization and economic development, Thirdly financial support the development of agricultural industrialization.For this,so suggest that put forward consummating financial organization system, improve the quality of financial services; Optimize the industrial structure upgrading, and promote industrial urbanization process; Increasingpopulation transformation of financial support, and promote the population urbanization process; Optimize the resources distribution in the construction of small towns; Introducing private capital to participate in, to the marketization of investment and financing.