| As we all know,economic development can't leave the capital investment and there is an inseparable relationship between the development of the capital market and the economic growth.Capital is power,the degree of capital accumulation and investment determine the speed of economic development.Therefore,it is important to analyze the internal relationship of the capital market and the economic growth.It contribute to constructing the regional economy and developing the well-off society.The reform of China's economic system and financial system was began from the reform and opening up.Then it blossom everywhere rapidly.Medium and long term credit market,stock market and bond market also developed rapidly.A short span of 20 years,Chinese capital market is on the top of the world in all respects,such as,operating mechanism,technical level,size,the ranks of investors,regulatory efficiency and so on.It makes an extremely important contribution to the development and reform of the economic and financial.Besides,it also contributes to optimizing the allocation of resources adjusting economic structure.This paper aims to making a thorough inquiry about the relationship between capital market and economic growth in Jilin Province.The success of inquiry owing to collecting the relevant data of capital market development in Jilin Province and the existing research results.First of all,the writer summarized the domestic and foreign scholars of academic research on capital market and economic growth and illustrated the capital market on economic role in promoting.Then the writer described the current situation of Jilin province by using capital market and analyzed the intrinsic relationship between capital market and economic growth by using the vector autoregressive model.Finally,the shortcomings of Jilin Province in the capital market to promoting the economic growth was found out and putting forward some reasonable countermeasures and suggestions. |
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