Study On The Relationship Between Household Choice Behavior Of Financial Assets And Growth Of Economy

This paper make research follow this idea: theoretical analysis--practice certification -- explanation of the status quo by conclusions. Through the analysis on theory and empirical about the changes of the asset dimensions and portfolios of household, the relevance is hoped to be found between the household finance asset and economic growth。From the above point of view, this paper is divided into six chapters : The first chapter introduce the background and aim of this study; Chapter II is the literature; Chapter III makes theoretical analysis on relevance between the household finance asset and economic growth;Chapter IV describe the asset dimensions and portfolios of Chinese household Financial Assets; Chapter V tests the relevance between the household finance asset and economic growth; Chapter VI conclusion and research outlook.Chapter I introduces the main background and study purposes of this research. Asset portfolios of household theory come from Markowitz Modern Portfolio Theory, Recently, most western scholar think that the microdate is more reliable for the research of asset of household then spot check data from microswatch is used as the research found in different point of view. There is some research with macrodata. But most of the analysis is just about the statistical description. And the research purpose of this article is to answer why and how.Chapter II introduces the existing theory and research methods on Financial Development Theory, reviewed the research on the relationship between the financial development and economic growth and research in practice in different country and different way.Chapter III analyze in theory the relationship between the change of the household finance asset and economic growth. Since the development of household finance asset will not work on the economic growth directly, this part analyze the financial development and the economic growth first, then the efficiency of investment. the efficiency of investment is affected by investment multiplier, investment structure(including the industry structure and the region structure), investment technique etc. This article analyze these sectors.Chapter IV describes the Chinese household financial assets development and analyze the efficiency of the structure of Chinese household financial assets. Taking one with another, the dimensions of household asset increase quickly but the structure need to be more optimized, for the household saving always keep very high, usually above 70%.The article analyze the phenomena and make an explanations.Chapter V analyze the relationship between the change of household asset portfolio and economic growth in practice. A metrological modelis set up according the theory analysis in the front and analyze an explain the outcome of the metrological model.Chapter VI summed up my viewpoints, and give research outlook and thread of thoughts on the research based on the previous chapters.