Commercial Banks, Capital Markets Research With The Chinese Economic Growth 1980-2004,

In the course of study on economic growth source, the financial factor has caused more and more concerns. In these years, the foreign economists has done the empirical research to a lot of experiences of countries and regions, studies have shown that economic growth has the remarkable relation with the quantity of financial intstitution, the breath and depth of financial service, the quantity of financial transaction and the quality of financial assets.The financial reform and the financial development are carried on under the direction of Chinese Government, move ahead simultaneously in the market-based course of economy of China. The supply-typed institutional innovation with is different witn the demand-typed institution innovation in western developed country. About the empirical research between the finance development, including merchant bank development and capital market development, and China's economic growth, most research confined to the national aspect. This text has utilized panel data which include 30 provinces maked up from 1980 to 2004, utilizing the newest development of the economics theory and tools relevantly, making a compositive research to the relations between merchant bank development,apital market development china's economic growth. The dissertation are innovative on the type of the data and the empirical research approaches.The content of this dissertation is divided into four parts mainly, first part explains the research background, the structure of the thesis and research approaches, point out main innovations in the dissertation. Retrospect to relevant concepts and contents on financial system, financial market and financial development, reviews theoretical and empirical research on the coneections between the operation of the financail development and economic growth.Second part analyses the characteristic of China's economic growth when China is under the system environment of going through transition from planned economy to market economy, and the route and developed logic of gradual progress and interdynamic development of the merchant bank and capital market. The survey reviews empirical research on the conections between the financial development and the china economic growth, and deficiency existing in the discussion.The third part discusses the possible way that the financial system influences the economic growth through the theory model firstly, and propose the empirical model. What the empirical research approaches is adopted is panel model, uesing the latest development in econometrics and software tools relevantly, and has carried on dependability inspection to all empirical research results. Results of empirical research indicate there is obvious facilitation to the local economic growth in the development of the Chinese commercial bank, but the efficiency promoted is very low. Development of Chinese capital market and economic growth do not have remarkable dependence. Combine the empirical research results and conclusions of relevant research in the past finally, provide rational economics to explain on the result.The last part Summarize empirical results of the full dissertation, and put forward relevant policy recommendations to the future development of commercial bank and capital market.