A Study On The Impact Of China's Financial Mismatch On Total Factor Productivity

As the largest developing country,China realized the rapid economic growth since the reform and opening-up policy more than 30 years,not only from the total increase in the people's living standards,but also to a certain extent,to promote the progress of social welfare.However,in recent years,the first problem of China's economic situation is the simple economic structure and unsuitable development,which combined with large land area,imbalanced population and other factors,resulting in the slowdown of China's economic growth in the reality of the situation.As the core of economic growth,finance plays a vital role in the process of national development.The rationality of its configuration also determines the trend of economic development.Once the financial resources are mismatched,it will affect the total factor productivity of our country then affects economic growth.Therefore,in the promotion of China's economic restructuring and deepen the reform of the economic system,the allocation of financial resources must play an important role,and exploring the relationship between financial mismatch and total factor productivity to reveal the financial resources allocation of economic growth theory system and role mechanism has full theoretical and practical significance.This paper is based on the fact that the financial mismatch is prevalent in our country.used the panel data of 31 provinces and autonomous regions from 2000 to 2014,combined with a lot of theoretical analysis and empirical analysis,focused on the relationship between financial mismatch and total factor productivity degree,also studied the root causes of financial mismatch,and finally got a series of relevant conclusions and put forward the corresponding policy recommendations,laid the foundation for the follow-up to improve the financial mismatch phenomenon,understand of economic growth and promote the coordinated development of China's regional.