Financial Structure,Financial Development And Economic Growth

In recent years, the financial structure, the financial development and the economical growth relations question research gradually became the focal point which the academic circles studied. Although domestic and foreign grows in view of the financial development and the economy the literature is too numerous to cite individually, but needs to point out, in the different research technique, the different sample data and under the different economy development phase condition, the theory and the real diagnosis examination result obtains the uniformity to know by no means, but appears the multiplex phenomenon. The financial development theory pointed out that, the financial development and the economy grow under the economical different stage, the different economic structure, the different financial structure and the property right structure has the different function mechanism, namely the financial development efficiency has "the threshold effect" obviously the characteristic. The various countries because the economical resources reported the tax, the economic structure, the property right structure and the economy level of development difference, the financial development inevitably has the different development way and the financial structure difference, but is precisely the financial structure and the financial restraint difference can reverse affect the financial development, then decision economy growth.This article first studies the financial development the function mechanism which grows to the economy, is the finance the function channel which grows to the economy obtains from the financial function, the analysis finance grows the vital role in the economy. Without doubt, financial system more developed, the financial development the promoter action which grows to a country economy is stronger. But does the financial development efficiency display need the economical long time the accumulation, whether the finance displays at the same time the efficiency also to be decided by a country whether has the effective financial structure. Therefore, is having the extremely realistic significance to the developed country finance structure contrast research. This article systematically will analyze the American and Japanese finance structure the evolution course, the contrast analyzes American and Japanese the market leadership and the bank leadership finance structure, will summarize the two finance structure evolution rule, will seek the financial structure difference the origin, as well as financial structure difference to economical growth influence mechanism. Next, this article has collected US and the Japan in recent years money market and the bank system related data, and through these data change rules, summarizes a country money market and the bank separately the influence and the function contribution which grows to the economy. Once more, in view of domestic and foreign to Chinese finance development contribution understanding non- unity, uses the Chinese finance and the economical growth succession data, uses cooperates the entire method and the error correction model analysis two length time function relations, deepens grows to our country finance development and the economy affects the relational question the research. The result showed that, the Chinese finance development efficiency waits for further enhances.