| Since the policy of reform and opening-up being implemented, a market economic system has been built in our country. The economy has maintained a rapid growth and many remarkable achievements have been made. The reform and opening-up policy is carried out progressively, which avoids many defects to the social development caused by sudden changes in the economic system. However, inter-regional imbalance in economic growth has emerged as a problem due to the economic reform. Regional financial development plays an important role in regional economic growth by contributing to capital formation, innovation and industrial upgrading. Thus to promote and coordinate regional financial development is an urgent task for our country. Finances'role in gathering and radiating should also be brought to full play so as to drive regional economic growth and coordination development.This thesis takes the finance development theory as the guiding principle, reviews related literatures home and abroad. Five regions of every province, which are divided by their different levels of financial development, are studied respectively in terms of regional financial development and status of economic growth. Panel data methods in financial econometrics is employed to quantify the links between the two (regional financial development and status of economic growth) so as to demonstrate the links more clearly and prepare for further specific policy recommendation.The research result indicates, the financial developments in different regions of our country have different influence on economy growth. There is a positive correlation between the financial interrelations ratio and economy growth and no significant lag in economic growth in the third region. The financial interrelations ratio has a positive influence on the economy growth and the influence still works in the lag period for the fifth region. With regard to the second region, the lagged value of financial interrelations ratio has a positive influence on economy growth, while a negative correlation is found in the financial interrelations ratio and the economy growth for the fourth region. There is no notable effect made by the financial interrelations ratio to the economy growth in the first region. The lags of conversion rates for deposits and loans have a positive influence on the economy growth in the first and third regions. Negative influence can be found in the other three regions. As a whole, the regional financial development still plays a relative minor role in economic growth. Therefore, different financial development policies should be implemented in different regions based on the local industrial development, financial reform progress and other factors. At the same time, the coordination of inter-regional financial development should be promoted and the leading role of the regions which enjoy high-speed and high-level financial development has to be highlighted in order to bring forward the regional economy growths and reduce regional economic disparities. |
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