The Study On Correlation Between Economic Growth And Credit Structure Of Inner Mongolia Region

Since this century, Inner Mongolia autonomous region promoted the coordinated development of the region’s economy and society, stabilized economic growth through the implementation of national monetary policy reasonable establishment of economic development strategic goal and effective measures suitable for national conditions and regional situation. With steady economic growth, financial institutions increased the credit loans to ensure the steady growth of credit aggregates. But the data shows that the total amount of credit has risen, while the credit structure of Inner Mongolia region presents uneven distribution, such as credit term structural imbalances due to imperfect credit policy and industrial structural imbalances due to lack of coordination, and region’s structural imbalances because of the excessive concentration of credit loans.By analyzing the credit aggregates and deadline, industry and region of Inner Mongolia regional financial institutions, and testing the relevance of credit structure and economic growth using empirical methods, we get the following results:(1) In Inner Mongolia, the total amount of credit and economic growth in the region not only exist a long-term equilibrium relationship, but there is also a two-way Granger causality between the two;(2) From the point of relevance and contribution of the credit term structure economic growth, the long-term loans, short-term loans and economic growth are related, which long-term loans affect is positive and the prominence is higher, short-term loans is negative and the prominence is lower, long-term loan’s contribution to economic growth is more notable;(3) From the point of the relevance and contribution of the credit industry structure and economic growth, economic growth in Inner Mongolia positively correlated with industrial and agricultural loans and negatively correlated with commercial loans, plus the impact is not notable, in contrast, the descending order the contribution are: agriculture loans, industrial loans;(4) From the point of credit regional structure, credit growth and its economic development of Inner Mongolia were positively related and the individual contribution presented differences. On the whole, it has a regional characteristic; the contribution of credit spending to economic growth West Inner Mongolia region was lower than that of eastern Mongolia. Through the combination of, economic growth status, and empirical analysis of Inner Mongolia region, we dig deeper into current existing problems in Inner Mongolia region credit structure, and made relevant suggestions.