A Study Of Regional Differences In The Impact Of Social Financing Scale On Economic Growth

China's financial development is relatively rapid,the total amount of funds is constantly expanding,financial institutions are constantly emerging,and financial products are increasingly innovated.Therefore,it affects the effect of monetary policy,and social financing scale emerges under this background.The scale of social financing reflects the total amount of funds that a country or region can obtain from the financial system and the financial support for the real economy.Economic growth is also the foundation of a country.China has a vast territory,and the level of economic growth varies greatly among different regions.It is particularly important to coordinate the economic development of different regions.From the perspective of social financing scale,this paper studies the differences in economic growth between the eastern,central and western regions of China,providing reference for the policy-making on financial development and economic growth.This paper summarizes excellent research of the social financing scale and the economic growth,and then determines the research ideas and research methods of this paper on the basis of previous studies.First of all,this paper constracts the theories of economic growth on the effect of social financing scale using the method of specification,in order to establish the theoretical basis for full text;and then this paper analyzes the current situation of the social financing scale and the economic growth,establishs the panel model,that selection in the fourth quarter of 2013 to 2017 fourth quarter of provincial panel data as the research sample,empirical research to social financing scale of the total controy and eastern,central and western region's effect on economic growth,found that social financing scale has a promoting effect on economic growth,and promotes existing regional diversity;finally by using the comparison analytic method,this paper compares and analyzes the result of the study found that social financing scale promotes largestly economic growth in the central regions and different social financing scale at different quantiles of promoting effect on economic growth presents the regional differences,and analyzes the causes of suchdifferences,on the basis of this puts forward the corresponding policy recommendations:One is to improve the statistical caliber and method of social financing scale in China;Second,allocation of social financing scale funds reasonable in different regions;Third,enhance the resilience of China's financial system;Fourth,we should improve the supervision system of China's financial system.The main innovation point of this paper one is the innovation of research methods,the relatively cutting-edge panel quantile regression model is applied to the study of social financing scale,instead of the simple traditional time series model,which makes the research conclusion more profound.Anther is the perspective of research and the innovation of using data,based on the imbalance of national economic development and the quarterly data of national social financing scale,this paper makes a comparative analysis of eastern,central and western regions,and the results obtained are more valuable.The deficiency of this paper is that there is more room to play in the selection of control variables.With the development of data statistics technology and the expansion of statistical indicators,more effective research results can be obtained,making greater contributions to the coordinated development of China's regional economy.