Research On The Financial Support For Rural Economic Growth In Zaozhuang City

The 19th National Congress of the Communist Party of China put forward the strategy of "rejuvenating the countryside",which provides the direction and guidance for our development of the rural economy.In the process of rejuvenating the countryside,we must be aware of the shortage of financial capital.For a long time,rural finance in our country is a weak link in the field of financial services.The unbalanced and inadequate problems in rural financial development are still outstanding.The supporting role of rural finance in economic development is still weak.The shortage of rural financial supply can not meet the needs of the broad rural management Therefore,how to perfect the rural financial service system,improve the service function of rural financial institutions,optimize the allocation efficiency of rural financial resources and meet the peasants' demand for finance have become the focus of social concern at the present stage problem.This paper first introduces the connotation of rural financial theory and expounds the role of rural finance in economic development.It concludes that the development of rural finance to rural economy mainly through the savings effect,investment effect,resource allocation efficiency and material accumulation,Technological progress and other paths to promote economic development,and then under the guidance of the theory analyzed the efficiency of financial structure,the level of financial development,financial scale and other aspects of the status quo Zaozhuang rural financial development from the rural economy scale,per capita income of peasants,rural fixed assets Investment scale and other aspects of rural economic development status quo.Then based on the AK model of endogenous growth theory,we construct a detailed index to measure the level of Zaozhuang's rural economy,and divide the financial development into four levels:financial development level,financial development scale,financial development efficiency and financial development structure.After the cointegration test,it is concluded that the level of financial development,financial efficiency,financial scale and financial structure have a positive effect on economic development.The level of rural financial development and rural economic development was 0.3002 percentage points;the rural financial efficiency and rural area economy scale elasticity was 0.3775 percentage points;the rural financial scale and rural economic development elasticity was 0.1032 percentage points;rural financial structure and The elasticity coefficient of rural economic development is 0.2113%.Using the Grand Causality Test,we can draw the conclusion that the financial development efficiency,the financial development structure has a Granger relationship with the rural economic development,that is,the financial efficiency and the financial structure have a strong impetus to the rural economic development.In turn,the rural economic development will promote the financial Improve efficiency and structure.There is no Grand Causality between rural financial development and rural financial development,single Granger causation,level and scale of financial development and rural economic development,that is,there is financial restraint in rural finance,rural financial development in Zaozhuang is not "Supply-oriented",but a pattern of development in which both the financial supply-demand and demand-based industries emerge and interact with each other.The paper analyzes the reasons of its existing problems through empirical analysis system.From strengthening and perfecting the establishment of a multi-level rural financial supply system,strengthening the supply of rural capital,strengthening the innovation of financial products related to agriculture,improving rural credit environment,Support efforts and other aspects of the proposed countermeasures and suggestions.