Study On The Relation Between The Rural Finance And Rural Economic Growth In Inner Mongolia

As a developing country, promoting the rural economy development and looking for new growth engines have been an urgent and realistic problem of our country. The empirical research indicates that there is a long-term equilibrium between the conditions of rural finance development and rural economic growth in China. A high level of rural finance development has positive effect to the rural economic growth .The rural finance of our country has obtained greater development since open-and-reform. And it has become the rural financial system with rural reputation agency for corpus, the agriculture bank and agriculture developing bank to develop together, and the folks borrow for complement.This article chooses "study on the relation between the rural finance and rural economic growth in Inner Mongolia", with the purpose to look for the existent problems in the financial development of rural in Inner Mongolia, which through describing the process of the rural financial which reforms to the rural financial system and introducing the situation of rural in Inner Mongolia. Then it makes regression analyses on the effects of the rural financial in the process of rural economic growth, and summarizes some conclusions .There is a significantly strong and positive relationship between rural financial development and economic growth, and the contribution ratios of rural finance to rural economic growth are low in Inner Mongolia and so on. At last, it recommends some strategies to enhance the contribution of rural financial support to rural economic development. These suggestions include further promoting the overall reforms of rural financial system and optimizing the external environment of rural economy.