An Empirical Study On The Relationship Between Financial Development And Economic Growth In Yanbian Area

Finance is the product of the development of market economy, and also belongs to the market economy. From the economic development of the world practice, both economic growth and financial development promote each other, closely related to economic growth, the most direct manifestations is that monetary growth, which drives the financial scale growth, at the same time, financial growth in the scale and structure improvement will through currency this link to economic growth is powered.Yanbian area is the economic underdeveloped minority areas, the level of economic development and financial development level are to be improved, and what is the level of economic development constraints the development of the financial industry and financial industry development level the level of economic development? Based on this result, this paper use of the existing more mature financial development and economic growth theory and empirical research methods, research state of Yanbian between financial development and economic growth causality relationship, and find out the existing problems, and tries to find the Yanbian financial development and economic growth in a balanced and coordinated development of policy recommendations. This paper research content mainly has following several part:The relationship between the use of rigorous econometric methods to study of Yanbian’s financial development and economic growth of two, the economic growth of the area GDP as index, the financial development, pay attention to two aspects of financial scale and financial efficiency, the rate of financial industry in Yanbian, the financial employees accounted for the total number of social employment and financial asset investment conversion rate of three indicators to measure the financial development in Yanbian area. The use of unit root test, Johansen cointegration test, Granger causality test, Grainger impulse response analysis and variance decomposition analysis, measurement, analysis of Yanbian between financial development and economic growth in the number of causal relationship. Through the analysis, the development of Yanbian’s financial industry is the Grainger reason of the economy growth, there is only a one-way causal relationship between the two, and further. found that, Yanbian state financial growth in the scale biggest contribution to economic growth, and financial efficiency is relatively lagging behind, and even restricted the Yanbian’s economic growth to a certain extent. Therefore, the development of the financial state of Yanbian have obvious structural problems of equilibrium.