Research On The Reciprocal Relations Between Financial Structure And Economic Growth Of Sichuan Province

The theory of modern financial development considers finance as the core of modern market economy. Financial development constitutes the major aspect of modern economy and the essence of financial development is the optimization of financial structure. The relation between regional financial structure and regional economic development is embodied in two aspects: on one hand, regional financial development promotes the growth of economic grosses. The region that has a high level of financial development will certainly attract more investments. Therefore its speed of economic growth will be faster. On the other hand, the industrial structure also reflects regional structure economic optimization of regional development. With the upgrading of regional industrial regional economic development requires financial services of higher levels. Financial structure, therefore, has to make the corresponding adjustment along with the changes of industrial structure.This article is on the basis of predecessors data information and research results, based on the theory of financial deepening and regional financial theory, discusses the relationship among the structure of the financial system, financial development and economic growth. Based on economic and financial structure of the Sichuan status quo, in-depth study of Sichuan and the financial structure of the interaction between economic growth, including the development of Sichuan financial contribution to economic growth and economic development of the financial impact of structural constraints, and then based on Sichuan 1978-2006 related data,take financial, industrial indicators and economic growth indicators to do linear regression analysis and Granger causality test. The empirical results show that the financial structure optimization in promoting economic growth, economic growth through optimizing the economic structure to promote the financial structure optimization,and thus advance the further policy proposals to optimize the structure of the Sichuan financial.