Reserch On The Financial Factors In Economic Growth

Economists pay so much attention on the relationships of financial development and economic growth. This paper mainly discusses this relationship in China, and takes Suzhou and Wenzhou as examples.Scholars in these fields generally accept the opinion that well developed financial systems are corresponding to faster economic development. But they have not reached unanimous agreements on the views that what kinds of financial system can facilitate the economic development. Some of them insist that the financial structure affect the economic development, some of them take granted that only the level of financial services influence the economic development, the others believe there is no sense in discussing the problems only in one factor, we must pay attention on both economic patterns and financial characteristics.This paper mainly discuss effects of the financial factors in economic growth, especially take Suzhou and Wenzhou as samples. It makes comparison on the deposits, investments, sources of capital and so on. Especially make data analysis on the FIR and economic growth, and conclude that development in Suzhou mainly depend on the foreign capitals and exports, but Wenzhou depend more on the resources of themselves.It is under development of normal financial systems in both Suzhou and Wenzhou . We could take these two growth and pattern as the evade of underdevelopment of the financial systems.We make studies and comparisons of Suzhou and Wenzhou, and hope could benefit from the success of there experiences.