| With the leapfrog development strategy proposed in Xinjiang, Xinjiang will faceunprecedented opportunities for development. Finance can play a good role in promotingcapital allocation and economic development, the importance of promoting Xinjiangdevelopment in the new situation is no doubt, Xinjiang’s total financial resources are limited,financial efficiency is the core of the financial, researching the relationship between ofXinjiang financial efficiency and economic growth is essential for better play the role of thefinancial boost leapfrog development in Xinjiang.First, the paper analyzes the status of the Xinjiang financial efficiency and makes anobjective evaluation of the status of the financial efficiency of Xinjiang by the use of factoranalysis. Secondly, on the basis of the relevant literature, the paper make a comprehensivesummary of interaction mechanism between savings mobilization rateã€savings-the conversionof investment and savings-investment to invest in efficiency and economic growth. Then, thispaper empirically examines the relationship between financial efficiency and economicgrowth in Xinjiang by using1985-2011data. Draw: savings mobilization rate, savings-theconversion of investment and savings-investment to invest in efficiency and economic growthrates are positively correlated, and savings mobilization rate, savings-investment conversionrate and savings-investment to invest in efficiency are all the Granger reason of the economicgrowth rate. That is, the financial efficiency of Xinjiang has a positive role in promotingXinjiang’s economic growth. Finally, based on theoretical and empirical analysis, this paperattempts to identify constraints to improve financial efficiency factors in Xinjiang. For this,we propose the corresponding countermeasures and suggestions to further improve thefinancial efficiency of Xinjiang, to promote Xinjiang financial support to economic growth,boost leapfrog development in Xinjiang. |
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