Research Empirical Studies Of Financial Development And Economic Growth In Hebei Province

Financial development and economic growth for the study of the relationship has beenthe focus of economic research in the field. Abroad for study of the relationship between thetwo started relatively early, and most empirical research on the country is between the data foranalysis. China’s financial development and economic growth, study of the relationship to thelate start, initially focused on the national level of basic research. As China’s vast territory,large regional differences, with economic development, people gradually realized theimportance of regional studies in recent years, research on the regional level graduallyincreased. In this paper, through the financial development and economic growth in HebeiProvince, the relationship between empirical research and found Hebei financial andeconomic problems in the development, and the corresponding countermeasures.This paper consists of five parts: the first is the introduction, describes the backgroundand significance of topics, research status, and this paper, innovation and inadequate; secondpart is the theoretical part, summed up the financial development and economic growthrelated theoretical relationship between the two theories and research, as discussed in thispaper provides theoretical support; third part is the status quo analysis, respectively Hebeieconomic growth and financial development are analyzed, from the region’s GDP andindustrial structure two angles do an analysis of the economic status quo, from the totalamount of financial development, financial added value, the contribution of the financialindustry and the financial structure of the four angles of the financial development made theanalysis of the status quo; fourth part is the empirical part, the use of Hebei Province, GDP,deposits and loans balance, but also increase the value of financial and other data on therelationship between empirical research, through analysis concludes that economic growth forthe financial development, but development of the financial role in promoting economicgrowth is indeed very small; the fifth part of the policy proposals put forward, empiricalresults for the proposed increase savings-investment into efficiency, improve financialsystem efficiency, improve the financial environment, the development of bond markets, speed up industrial upgrading several proposals for the economic and financial developmentin Hebei Province has played a role.