Research On The Relationship Between The Suitability Of Financial Structure And Regional Economic Growth

In recent years,the scale of the financial system has continued to expand,but it is still insufficient compared with developed countries.In order to promote further economic growth,the financial structure must be adjusted.Lin‘s theory proposed only the financial structure suitable for the industrial structure can promote economic growth.Firstly,this paper introduces the characteristics of financial structure and industrial structure,and theoretically explain the connection between the suitability of financial structure and economic growth.Then,Explaining the Suitability of Financial Structure and Economic Growth Based on Chinese Data,and finds that the suitability of financial structure for industrial structure is existing in the course of economic development,and have a positive impact on economic growth;Then using panel data from 31 provinces in China from 2003 to 2017 to build a model for empirical testing;finally,based on the analysis above,proposing conclusions and suggestions.The conclusions of this paper are listed below:(1)The suitability of the financial structure has a positive correlation with economic growth;(2)The role of the suitability of the financial structure on economic growth exists between regions.The difference is that in the economically developed eastern regions,the suitability of financial structures has significant effect on economic growth,but in the central and western region,suitability of financial structure does not play a significant role in economic growth.