Study On The Effect Of Rural Financial Development On Rural Economic Growth In Shandong

One of the focal point of economic growth is the financial development, its importance has been recognized by many scholars. The growth of agricultural economy is the decisive factor of the development of rural finance, and the development of rural finance is an important influence factor of the agricultural economic growth rate. A lot of research data show that economic growth and financial development have relationship of mutual promotion and restraint of financial system to be more perfect, the more better adapt to economic development level, and improve the efficiency of resource allocation, economic development was also faster; on the contrary, economic development more slowly.Agriculture as the foundation of our national economy, the development of rural economy is an important foundation to achieve national economic growth and maintain political stability, and rural finance is an effective support for the development of rural economy. Throughout the party and the country’s overall development of the "three rural" problem, but also one of the bottlenecks restricting the rapid development of China’s economy. The relationship between the research of rural financial development and agricultural economic growth, to explore more effective rural financial support agricultural economic growth path and countermeasures, giving importent play to the rural finance to support agricultural economic growth is of great significance. At the same time, as a large agricultural population in Shandong Province, the study of how to improve the rural financial system and improve the financial development model, and promote the rural economic growth, the province’s economic development is of great significance.This paper is about the influence of rural financial development on agricultural economic growth in Shandong province. The article is divided into five parts:The first part is the introduction. Introduced selects Shandong Province as the object of study background and significance of the topic, finishing the research ideas, construct the research framework, explains the basic content. It is pointed out that the research method, also shows that the quasi innovations and deficiencies.The second part of the basic concepts and related theoretical basis. Defined the concept of rural finance and agricultural economic growth, summarizes the comparison of the three kinds of rural financial development theory, described the development of rural finance to promote agricultural economic growth mechanism, for the empirical research in the paper and put forward corresponding countermeasures to make theoretical preparation.The third part analyzes the importence of rural finance as to agricultural economic growth in Shandong province. From the current situation of the development of rural financial institutions analysis, the total rural financial analysis, the level of rural financial development analysis, the efficiency of rural financial development four aspects introduce the situation of financial development in rural areas in Shandong Province; through the analysis of the change of the total agricultural GDP, per capita income of farmers, agricultural infrastructure facilities and other indicators to measure the Shandong Province agricultural economy growth level.The fourth part of the rural financial development in Shandong province to promote the growth of agricultural economy in an empirical study. According to the theoretical model, the index of agricultural economic growth in Shandong province and the relevant indicators were constructed, and the variables were processed by the data and indicators, and then the empirical analysis was conducted. There is a positive correlation between the rural financial development and agricultural economic growth in Shandong Province, and further analysis of the causal relationship between agricultural economic growth and the various indicators of financial variables.The fifth part is to promote the financial support of agricultural economic growth in Shandong province. According to the empirical test results, some suggestions are put forward to promote the growth of agricultural economy in Shandong province. For example, sound financial development model,establishing multi-level system and diversified financial services system, improving the rural financial market in Shandong Province, to strengthen the supervision of rural finance in Shandong Province, etc.