| Basing on the revision and analysis of the theories on the relationship between the Capital Market and the economic growth,this article gives us a descriptive resolution by making use of the data of the Capital Market and economic growth in Jilin Province. We can also see the C-D functions and the AK model to carry out a research of the positive for that purpose in our text. And lastly,it comes up with a conclusion that the degree of contribution made by the various componential parts of the Capital Market and raises several political suggestions according to the result of the research and questions appeared in it.There are altogether five parts in this text.Firstly,it introduced some domestic and offshore theories on the relationship between the finance market and the economic growth. And also represents some research results. Modern financial theories believe that there exists a positive interrelated relation between the finance development and the economic growth. The theories of financial structure,financial restrain and the deepening finance answer whether they are related and the accommodation leading theory and demanding following theory make clear the consequence relations between them. It is self-evident that different statures of economic development in different countries will not appear the same mode. Foreign scholars using facts have proved that the stimulative effects the Capital Market towards the economic growth are relevant to the developing degree of a country's economy and its system completion, and also the growth level of this market. It is proved by so many examples and researches that the functions of our stock market for economic growth is very limited and can't substitute for the body role of the indirect ways of raising money nowadays. In the second part, the article analyses the affections of the capital market and the ways to hasten the economic growth. There are many functions of that market-such as accelerating the fund movement, raising money and changing the deposit into investment, decreasing the disproportions of information, discovering the price, distributing resources, diffracting the risk, improving the company's management, converting the corporation's mechanism and improving the benefit. As for the ways to stimulate the economic growth, there are mainly three ones, first, to affect the converting of the deposit into investment in order to lessen the leak of transformation; second, to impact the production rate of the marginal fund through the resources distribution and the technology innovation; third, to infect the deposit rate by changing the marginal sale's trend.From the microcosmic point of view in the third part, we can get the descriptive analysis towards the contributions made by the Capital Market, comparing horizontally and vertically, we can reach the conclusion as following:The Capital Market in Jilin Province has supported the regional economy with a large amount of money.The Capital Market gave great effect towards defining the enterprise's intellectual properties and converting the firm's administrative mechanism.The direct raising money in the Capital Market has been the main source of the company's net property.The rate of the first distribution of money was high, while that of the second financing section was low.The dimensions and benefits of a company were not obviously proportional in Jilin Province.Making use of the index of the increase amount to measure its ability to create value ,we found that all of the public companies as a whole not only didn't create wealth for the stockholders ,but also destroyed the value.In the fourth part, this text established a C-D function and a AK model accordance to the data of the increase in the Capital Market from 1993 to 2003, we can conclude by estimating the function and model that even the stock market developed to some extend. It's function of stimulating economy were not fully exploited, while the mid and long terms loan was the most potent for increase of eco...
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