An Empirical Analysis Of Relationship Between Shaanxi Financial System Development And Economic Growth

The Relation of financial development and economic growth in the theory of financial development is the important issue of many at home and abroad,foreign concentrated in explore the causal relationship between the financial development and economic growth. There study relatively early, on both theoretical and empirical had made substantial gains. Compared with foreign,domestic research is now more concentrated in a relatively fragmented empirical analysis, the system is not enough, a single point. As the economy important part of the west ,Shaanxi Province is both the universality and particularity, so as Shaanxi Province to the target on the relationship of financial development and economic growth with great significance. At the same time the western region of Chongqing Municipality is also an economic center, but its level of development is fast the case of Shaanxi, so comparative study better reflect of Shaanxi Province where the problem lies.This paper's method lie is two-fold, first of the two region's economic and financial analysis for visual qualitative comparison,the industrial structure of economy in Shaanxi Province is irrational, practitioners of the three major industries there are larger issues, a dual economic structure is so serious that impediment to the rapid economic development of Shaanxi. The development of an integrated financial extent and degree of financial deepening to below the level of Chongqing City,to use and dispose of the capital of financial institutions is less efficient, the development of the financial markets in Shaanxi Province is slow enough . Second, the two areas are model for measuring quantitative analysis, that long-term economic growth of Shaanxi Province is a significant negative correlation Relations with the FIR,a negative correlation with interest rates,a positive correlation with the insurance market ,and a not significant negative correlation Relations with the stock market and with M2/GDP is obvious positive correlation. But also verify the qualitative comparison of some of the conclusions.Further conclusions of the Shaanxi Province for the existing problems are been done, and the reasons for concluding that make policy recommendations.