Research On The Relationship Between Financial Development And Economic Growth In The Western Provinces Of The Silk Road Economic Belt

Since the 20 th century,with the speeding up of economic globalization and the strategy of gradually deepening the reform and opening-up in China,presents the fast growth of Chinese economy.At the same time,the role of financial development to economic growth is becoming more and more outstanding,from 2010 to 2014,the added value of the financial sector increased from 277.376 billion yuan to 710.706 billion yuan,the added value of the financial sector as a share of GDP from 4.70% to 6.45%.And the relationship between financial development and economic growth is increasingly closed.And the silk road economic belt strategy is proposed,and will be bring huge capital requirements in the infrastructure,logistics,energy,trade,science and technology,the internationalisation of the renminbi.And how can enhance the level of financial development in western China,which is a crucial problem.This thesis is based on the silk road economic belt research data of nine provinces in the west and used the literature analysis,comparative analysis,empirical analysis and other research methods.First,collect the data and research of the financial development and economic growth at home and abroad related theoretical basis and empirical data;Second,reveals the silk road economic belt nine provinces in western financial and economic development situation and existing problems;Third,the empirical analysis on the silk road economic belt nine provinces in western financial development's influence on economic growth,and brings a series of control variables;Build the silk road economic belt in western nine provinces regression model of relationship between financial development and economic growth;puts forward the countermeasures and Suggestions for the talent development.It is concluded that financial development and economic growth promote mutually,have a common development.There is a cointegration relation between financial development and economic growth;financial development in the western area of the silk road economic belt has a significant influence on economic growth,but this effect varies with different regions;Financial development also have an influence on economic growth by investment.