Empirical Research On The Relationship Between Financial Asset Structure And Economic Growth

Based on the statistics of Anhui province in 1998-2016 of all kinds of financial assets data,this paper finds that Anhui Province has been focused only on the extension and expansion in the financial development in the past 19 years,in terms of quality and structure optimization,which has not attracted enough attention,the current between virtual economy and real economy transmission mechanism is not smooth,there are a lot of financial efficiency loss which makes the financial development imbalanced to a bottleneck,which is not conducive to the healthy and stable development of economy.Since there is a big difference in the level of financial development in the eastern and coastal areas and inland areas of China,this paper conducts research on the relationship between financial structure and economic growth only from the national level,the conclusions and related policy recommendations for a specific area of significance is limited,so it is necessary to conduct field research for each region,make up for the study because of differences in regional development and missing some important information at the national level.In terms of the current status of research in this field,scholars focus on the still more the stock of financial assets accumulation between financial structure and economic growth.The related research of coordination relation is little and the present research is not thorough,the paper noted that in recent years,some domestic scholars study on financial asset structure,choosing the area as the research object,through regression analysis of all kinds of financial assets stimulating effect on the economy is a huge difference,and the conclusion is imbalance of financial assets the structure,but also explain theoretically the imbalance structure and no conclusion,this paper is based on the inspection conclusion conflict between research in the structure of financial assets on the integrated use of VAR model and regression analysis of the two first theoretically confirmed domestic and regional financial assets.This conclusion production structure is maladjusted,and conclusion explanation is very convincing.The above several reasons,improved the research not only has practical needs and new research methods,which has important theoretical value and research significance.The paper can be divided into five parts.The first part includes the first 22 chapters,the research background,research object,the main contents and research methods and research status at home and abroad are described,pointed out the problems analysis and specific research direction.The second part analyzes the savings,investment,upgrading of the industrial structure the financial efficiency analysis of financial asset structure on the channel of economic growth,and then use the fee income and the transaction cost theory of economic growth is how to optimize the structure of financial assets.The third part is the descriptive analysis of the main indicators of financial assets structure in Anhui Province,compared to 1998-2016 The change trend of the 19 years of Anhui Province,the structure of financial assets and the present situation,in 2016 the financial asset structure found in Anhui Province over the past 19 years,increasing monetary financial assets and insurance financialassets,securities financial assets has been in sharp fluctuations,and three types of financial assets accounted for the proportion of total financial assets no substantive changes,further Anhui Province,the total financial assets with GDP growth for comparison,finds that the growth is quite different,observing the location,we can find that the two are in the same trend.The fourth introduced Tobin's Monetary Growth Theory,The theory and its development,construct a financial assets structure and the economic growth dynamic stochastic general equilibrium model.Firstly,regression analysis results showed that the economic growth of Anhui province is only related to monetary financial assets,the discovery of impulse response analysis of monetary financial assets and GDP,monetary financial assets the economic growth weakened,and finally the use of impulse response function and variance decomposition for a comprehensive analysis of empirical research on all kinds of financial assets structure and the economic growth,and for the first time from the theoretical level of the imbalance in the structure of financial assets made specific explanation.The fifth part is the comprehensive analysis and empirical analysis of the status quo Anhui Province financial assets structure imbalance is analyzed,some have targeted policy suggestions are put forward for future financial development finally according to the above analysis conclusion of Anhui province.