金融发展与经济增长关系的理论与实证研究——基于中国省际面板数据的协整分析

Abstract

Abstract: This paper deduces the growth path of steady state when considering the financial intermedium and theoretically sets forth the positive promotion of financial development to economic growth. According to the provincial panel data, the paper uses panel unit root, panel co-integration and vector error correction model to analyze the influence of financial factor on economic growth. The financial development is the Granger Causality of economic growth. The relationship between financial development and economic growth is generally positive.

Key words: economic growth, financial development, panel data, co-integration analysis

CLC Number:

LU Jing. Theoretical and Empirical Study on the Relationship between Financial Development and Economic Growth——Cointegration Analysis on Provincial Panel Data of China[J]. Chinese Journal of Management Science, 2012, (1): 177-184.

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Theoretical and Empirical Study on the Relationship between Financial Development and Economic Growth——Cointegration Analysis on Provincial Panel Data of China

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