The Financial Modest Research, Development And Economic Growth

Finance is the core of the modern economy, development of finance job has the peculiar effect and significance in entire national economy's development. The finance is already become the sign of economy's market-oriented degree and economy's developing degree. The commonly viewpoint is that the finance develops could promote economic growth. But the research about finance proper development is few. This thesis emphasize the finance proper development. The world economy's phylogeny testifies again and again , that finance restraint or excessive development will damage economic growth. We must grasp the relation between finance developing and economic growth correctly so that Chinese economy could have a healthy and continuing developing and builds up the modern financial system which adapt to quickly development of the economy . So it have especially important significance to study this problem deeply from theory and practice .The thesis set off from theory first , and discussed that finance developing could stimulating economic growth. Finance developing will benefit the mobilization of savings , capital deploys , the risk administration , the corporate governance, and then come to realize economic growth ultimately by "accumulation of capital" and "technological innovation ". The thesis check out the financial development indicators(finance relevance rate) and the Economic growth indicators (name GDP growth rate) through Granger Causality Test, probe into the relation between finance and economic growth of our country. And on the basis , it build the finance proper development model, discussed a finance developing excessively may bring about financial risks, destructiveness of economy from the reverse side, through these cases which are USA subordinated debt crisis , financial crisis in Southeast Asia , and Japan bubble economy. From these analysis, the thesis defining further the connotation and measurement standard of finance developing excessively. At last, it analyse the problem of our country finance and provide recommendations...