Study On The Financial Ecological Environment And The Allocation Efficiency Of Credit Funds In Shaanxi

Funds are regarded as the blood of the real economy,especially the credit funds of banks are the important tasks to support the good operation of the real economy.The efficient allocation of credit funds plays a crucial role in economic growth,industrial transformation and regional balanced development.In the open economy,the efficiency of the allocation of credit funds controlled by banks depends not only on the internal governance of the banks,but also on the external environment in which they are located.Whether the financial ecological environment has an impact on the efficiency of the allocation of credit funds and how it is worthy of exploration.This paper takes Shaanxi Province as an example,using Jeffery Wurgler model,the allocation efficiency of Shaanxi province's credit funds among three industries were measured,and calculate three times 1995-2016 years dynamic industry average allocation efficiency;1995-2016 based on the data of 3 independent factors,selected from the 27 indicators in the the factor analysis method,constructs the comprehensive index of the financial ecological environment in Shaanxi province.Then the time series model is used to calculate the impact of the financial ecological environment on the efficiency of the allocation of credit funds.The results show that there is a difference in Shaanxi Province,but there was little difference among the three industries of the credit capital allocation efficiency;improving financial ecological environment can significantly improve the efficiency of credit capital allocation;in the financial ecological environment,comprehensive management level and economic level of government is on the efficiency of credit allocation is the most important of the two positive factors.Finally,the paper puts forward some policy recommendations to improve the financial ecological environment of Shaanxi province and further improve the efficiency of the allocation of credit funds,hoping to more effectively support Shaanxi's "catch up and go beyond" development strategy.