Empirical Research On The Relationship Between Regional Financial Development And Regional Economic Growth In Liaoning

Scholars in economics have been committed to the study of the relationship between financial development and economic growth for many years, because of the problems of regional imbalance in China, some researchers began to turn the study views from the national level to regional level, trying to put the regional financial as an independent factor in the study. Liaoning is a typical case and microcosm of unbalanced regional development in China, studying the difference between the regional economic and financial developments in Liaoning, we can reduce regional disparities and promate the development of economy, and the same time, the study has a strong theoretical and practical significance for economic growth.On the basis of analyzing the interaction between financial development theory principles, regional financial development theory and regional financial development and economic growth in the region, the study can reflect the actual situation of Liaoning Province regional financial development and regional economic growth, by making empirical studies,using time series analysis method such as unit root test, cointegration test and Granger causality test methods, The empirical results show that: there is a stable and long-term equilibrium relationship between Liaoning regional financial development and regional economic growth.in general, Liaoning regional financial development is a significant role in promoting regional economic growth; It is the differences in regional developmet that create a huge gap between financial deepening, market development process and regional environment.In order to further coordinating long-term development of the regional financial and regional economy, combined with the results of the relevant theoretical and empirical,we put forward the effective policy recommendations from the overall level of Liaoning province, in particular the implementation of differentiated regionalization of economic and financial policies, and strengthening policy coordination efforts and the establishment of comprehensive,multi-layer financial market system.