Research On The Impact Of Bank Credit Adjustment On Regional Economic Growth In China

The relationship between economic growth and bank credit is the focus of attention of economists both at home and abroad.In 1978,reform and opening up accelerated the pace of China's economic prosperity.After forty years of unremitting efforts and perseverance,China's economy has made remarkable achievements.With the continuous deepening of reform and opening up,the total scale of bank credit is also rising year by year,promoting the steady and fast development of China's economy,and credit funds have also become one of the important driving forces for the economic revival of our country.The outbreak of the financial crisis has made the international economic pattern change.The government of our country is confronted with difficulties,actively responding to the expansionary fiscal policy and monetary policy,which makes China's banking industry flourishing and flourishing.A large number of credit funds have been put into the society to make all sectors more firm in the crisis,leading our economic recovery to lead the western developed economies,and economists believe that credit funds have a role in promoting economic growth.China has a vast territory.Because of the difference of resource distribution and industrial layout,the level of economic development between different regions shows obvious imbalance.With the rapid development of China's economy,the gap of regional economic development is expanding,and the imbalance of bank credit in various regions is becoming increasingly prominent,and how the inter regional allocation of bank credit will affect the economic growth of each region is worth studying.On the basis of studying and understanding the previous literature and works,this paper first introduces the related concepts and theories of the relationship between bank credit and regional economic growth.Through the study of the development process of credit allocation and the theory of economic growth and monetary theory,the influence of bank credit on regional economy is further analyzed.Mechanism.Secondly,through collecting and calculating the data to study the current situation of regional economy and the characteristics of credit structure in China,the economic status of the four major regions in China and China is studied from the point of view of total amount and growth rate.It is found that the overall economic development of our country is faster,but there are great regional differences,and three corners from total amount,growth rate and loan to loan ratio.Degree analysis of bank credit regional differences,and the loan term,the distribution of credit industry structure in detail,and in-depth analysis of bank credit allocation differences.Finally,through the data construction panel model of 31 provinces and cities in the country from 2007 to 2016,the research method combining static panel with dynamic panel is used to analyze the relationship between bank credit allocation and regional economic growth.It is found that the cross regional allocation of bank credit has a promoting effect on the whole country economy,but it may guide it.The economic growth rate is slow,the bank credit funds in the eastern region are sufficient and the excessive credit funds will lead to the high interest rate to impede the speed of economic growth;the economy of the central and western regions is relatively backward,the allocation of bank credit can accelerate the growth of the local economy;and the northeast area has improved the infrastructure and the industrial structure in recent years.Leather is reasonable,social and economic benefits are developed together.Bank credit allocation provides strong financial support for local economic growth.At the same time,the growth of per capita disposable income can better promote the speed of economic growth.On the basis of empirical analysis,the allocation of bank credit how to influence regional economic growth are put forward to improve the credit environment of rule of law area,formulate the development strategy that accords with the actual situation in the region,increase the per capita disposable income and adhere to the "The Belt and Road" strategy and policy suggestions.