| Since the reform and opening up, economic growth in Guangxi after wave of short-term oscillations, now enters a period of stable development. In February 2008, the state formally approved the implementation of the "Guangxi Beibu Bay economic zone development plan", Guangxi economic development is in a golden opportunity. In such a development background, Take Guangxi's financial factors out as a study , And research its impact on economic growth and find the existing problems of finance development of Guangxi. It is significant and conducive to Guangxi's sustained economic stability and development.Through the analysis of Guangxi's economic and financial status, we can see that Guangxi economics growth in stability now, but it belongs to undeveloped area in general. And the financial situation has many issues, The level of finance development is low. Then the author uses empirical research to analysis the influence of the financial development towards economic growth. Through empirical analysis, Guangxi financial development towards economic growth was passive affected the correlation. And then using Granger causality test finds the economy in Guangxi Development and financial development causal relationship to each other. It indicates that Guangxi economic undeveloped result form Guangxi finance undeveloped. So need to promote financial development, make finance can play a important role in economic growth. Therefore, The author finds the reason of financial development in low. And make recommendations to promote economic growth. The author hopes to construct a comprehensive development and well-functioning financial sector in Guangxi. It will be beneficial to transfer the regional advantages and development of the western region of the policy advantages to the advantages of economic competition, and promote the economic growth of Guangxi. |
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