An Empirical Study On The Relationship Between Financial Income And GDP Growth In Yulin City

Located in the northernmost point of Shaanxi province and bordering Shanxi, Inner Mongolia, Ningxia and Gansu provinces(regions), Yulin City is endowed with a rich wealth of mineral resources, —eight categories and forty-eight types, accounting for one third of total energy resources in China, with potential value of 46 trillion yuan, accounting for 95 percent of Shaanxi’s resource potential value, and 30 percent of the whole country’s. As a national energy-chemical industry base, Yulin has become an important source and center for west-to-east coal, gas and electricity transmission project and takes on heavy responsibilities for national energy security, which makes it have a significant strategic position. Hence the name "New Energy Metropolis" in 21 st century. To illustrate, the production of raw coal in 2010 totaled 257 million tons, crude oil 9.83 million tons, natural gas11 billion cubic meters, refined methanol 1.19 million tons and electricity-generating capacity 35.6 billion kilowatt, and the equivalent ratio of oil and gas reached 6.68%. From a regional perspective, Yulin, with great momentum and potential for development, plays an essential role in the economic growth of Shaanxi and has remained second in the total revenue of the whole province and ranked first in growth rate.In light of this, in-depth research and analysis of the relationship between economic development in Yulin and financial resources of the whole society can not only help optimize the regional financial allocation of resources, improve its efficiency, but also promote a smooth transition in the region’s economic development and an overall progress in social welfare.This thesis mainly focuses on the inherent relationship between Yulin’s revenue and economic growth in 2008-2014 and explores the relevant factors and operational mechanisms. Suggestions have been put forward to promote a sustained and coordinated GDP development so as to provide some basis for the government to adjust the industrial structure and formulate a reasonable tax policy.