| A large number of literature research shows that financial development is a veryimportant factor in economic growth, economic growth is accompanied by thedevelopment of the financial, is two-way promoting relationship between them. Butthere are literature shows that is a one-way promote relationship between them. Thispaper discusses the relationship between finance and economic growth in chongqing inchongqing is analyzed on the development of financial market will be able to drive thegrowth of the local economy, and gives some Suggestions. The article mainly dividesinto five parts, specific as follows:In this paper, the first chapter mainly elaborated this article selected topicbackground and significance of topics, and the related theory and literature at home andabroad made a simple analysis and summary, points out the possible innovation anddeficiency in this paper.In this paper, the second chapter mainly elaborates the theories of economicgrowth and financial development theory, and the interaction mechanism between them,and to provide theoretical basis for this article.In this paper, the third chapter mainly between1978-2012in chongqing economicgrowth and financial development conditions are analyzed and summarized, analysisshows that the reform and opening-up, the economy in chongqing has been on the rise,the per capita GDP by2012and the national basic quite, further strengthen the "231"industrial structure characteristics, from1980to1980in chongqing total financial assetsincreased477.52times greater financial deepening year by year.In this paper, the fourth chapter mainly from the direct effects and indirect effectsof two level empirical analysis on the influence of the financial industry in chongqing.Direct influence from the Angle of the industrial added value, calculate the contributionof the financial industry on economic growth in chongqing and the contribution rate,while the financial industry output value increment increases year by year, but in thethird industry and the share of GDP is not high, the contribution rate and thecontribution of two metrics, the financial industry’s effect on economic growth is notprominent. Indirect effects from the different function of finance role in economicgrowth in chongqing’s point of view, select the suitable measure indicators of economicgrowth and in view of features to select appropriate financial development indicators,establish a multivariate regression model, implementing stationarity test to the model,granger causality test and cointegration test, the analysis of the effect of differentindicators of economic capacity, and according to the actual situation of economicdevelopment in chongqing, analyses the development trend of financial function.Chapter v of this article is mainly based on the analysis of the above chapters statusand developing trend of the current chongqing economic and financial, give somefeasible policy Suggestions. |
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