| Savings is a set of wealth belong to the anticipator of economic activities.As a type of economic management deed, it can be recognized as assert arrangement of the savor for the welfare of future. As the result of the activity, savings contributed the resource of capital that satisfies investment demand.The amount and access to acquire the resource determines the capital formation and economic growth. Dynamically, the saving preference and the distribution of financial assert determines the supply of savings, and further more determines the equilibrium of the saving supply and investment demand. The low level equilibrium affects the output of the society and the capital formation and the supply ability in the future.The equilibrium is formed through the mechanism of the saving-investment transformation, which concludes the path, media, and the efficiency of the transformation. Through the research of the efficiency of saving-investment transformation, this desertion explored the problem of the usage of savings in economy and its affection to economic growth.This desertion defined the conception of saving scientifically in order to select proper indexes. Through the collection and analysis of the economic data of Gansu province since 2000-2008, we calculate the efficiency of saving-investment transformation in time series. In order to discover the how the saving-investment transformation efficiency affects the economic growth,we calculate the TFP growth ratio in time series, then through the regression and parametric test, the result show that among the numerous factors that affects the total factor growth, the improvement of the efficiency of savings-investment transformation is beneficial to the increase of total factor growth ratio. In modern economy, financial institutions manages huge amount of financial assert,which affects the output and capital accumulation of the society, so, this desertion also concern the factors that affects the supply and transformation of saving from the perspective of financial market and gives policy proposal to improve the savings-investment transformation efficiency. |
