A Statistical Analysis Of The Impact Of My Country's Financial Opening On The High-quality Economic Development

Since the reform and opening up,my country's economy has continued to grow at a high speed and achieved remarkable achievements.However,economic growth only reflects one aspect of economic development,and more importantly,the quality of development.With the expansion of the economic volume and the transformation of the international economic environment,many problems in my country's economic development have become increasingly prominent.So the report of the 19 th National Congress of the Party pointed out: China's economy has shifted from a stage of rapid growth to a stage of high-quality development.High-quality development will become a major strategic decision for China's economic development in the future.Financial opening is an important part of my country's opening to the outside world and the inherent requirements for achieving high-quality economic development.Therefore,studying the impact of financial opening on high-quality economic development from a statistical perspective has important theoretical value and practical significance.This article first summarizes and sorts out the relevant literature on financial opening and high-quality economic development,and then theoretically analyzes the relationship and influence mechanism between the two,divided into four aspects: savings and investment,industrial structure,financial development and financial structure,and risk diversification Based on relevant data from 1995 to 2018,the comprehensive level of financial opening is measured by the de facto financial openness,and an indicator system of high-quality economic development is built based on 56 indicators of innovation-driven,coordinated development,green ecology,open stability and shared harmony.The combined weighting method combining the entropy method and the equal weighting method determines the index weights to measure the comprehensive index of high-quality economic development in China.Finally,with the help of Eviews and Microfit software,combining financial deepening,financial efficiency,industrial structure and other variables,the margin is adopted The cointegration test,ARDL model and VECM model empirically analyze the impact of China's financial opening on high-quality economic development,including the direction of action,the trend of change and the degree of contribution.The results show that there is a long-term stable positive relationship between financial opening and high-quality economic development,and it also has a promoting effect in the short term.Its lagging effect is more obvious,and the degree of financial opening is constantly expanding.The innovation of this paper lies in the construction and measurement of the highquality economic development evaluation system,and the combination of financial opening and high-quality economic development to empirically analyze its impact relationship.Based on the results of theoretical and empirical analysis,the following recommendations are made: The state should formulate a long-term strategic plan for financial liberalization,promote it step by step in accordance with the actual situation,continuously deepen financial system reform,improve the financial market system,improve the ability to respond to financial risks,and adhere to Financial opening promotes high-quality economic development.