| The problem of economic growth always gains the most attention of the governments.Between the term of the industrial revolution and rapid development of the financial industry,scholars have been always focusing on the accumulation of capital, investment, labor,technology and other factors. With the appearance and improvement of the financial industry,finance begins to produce important effect on economy. From the beginning of1960s, theissue that financial industry affects on the economic growth has caused the extensive concernof scholars. There is a lot of research about this topic, and these research mainly focused onthree aspects: what effects financial development can produce on economy; which kind offinancial system can make contribution to economy; how to get the most effective financialsystem.At the present time, the domestic scholars’ studying on this problem includes both thenational level and provincial level. With the regard of underdeveloped financial industry inJilin Province, the study about it is obviously more meaningful. Therefore, this paper selectsJilin Province as the research object. This paper firstly analyzes the conduction mechanismbetween financial development and economic growth. Then it analyzes the condition of thefinance and economic development in Jilin province. By making use of threshold regressionmodel, this paper studies the financial impact on the economic growth. In the empiricalanalysis, we subdivided the financial development index into financial scale index andfinancial efficiency index to avoid the problem of excessive attention to gross amount andignorance of efficiency. Through the study in this paper, this paper draws the conclusion thatthe finance structure is a little simple in Jilin province, and the effect that financial efficiencyproduces on economic growth is larger than the financial scale does. In response to thisconclusion, the author puts forward some policy suggestions accordingly. |
PDF Full Text Request