The Impact Of Regional Macro Financial Efficiency On Economic Growth

Financial efficiency can be divided into macro-financial efficiency and micro-financial efficiency.And macro-financial can accurately reflect the degree what the whole financial system affects national economy.Since the reform and opening-up,the effect of financial on economic growth has deepened then before.It is noteworthy that this effect is deeply determined by financial efficiency.In recent years,Economists usually regard financial efficiency as a link of finance and economic growth.Since the Belt and Road strategy was published,The research of regional financial efficiency become more and more popular.In the case of Yunnan province,the low-level financial efficiency has caused a negative impact on economic growth.As a comprehensive indicator of the financial efficiency level,macro-financial efficiency usually through three factors to affect the economic growth:the efficiency of investment,savings mobilization and savings turn into investment.So,exploring the influences which macro-financial brings to the economic growth is very meaningful.We can summarize this article from three aspects:First of all,this paper introduces the basic theories of financial efficiency to us through chapter 1,chapter 2 and chapter 3.In chapter 1,this paper mainly introduces the researches and discussions on financial efficiency of domestic and foreign economists.In chapter 2,this paper mainly introduces the definitions of macro-financial efficiency and micro-financial efficiency.This chapter also show us the theory of financial development and economic growth.Chapter 3 divide macro-financial efficiency into three parts.Then this paper analyses the way how the three factors affect the economic growth,and find out an evaluation index system to measure the macro-financial efficiency level of Yunnan province.Secondly,in chapter 4 and chapter 5,this part use factor analysis to judge the macro-financial efficiency level of Yunnan province,and then designs a empirical analysis of how the macro-financial efficiency affects the economic growth of Yunnanprovince.In Chapter 4,factor analysis has been used to judge the macro-financial efficiency level from year 1995 to 2015 of Yunnan province,the results show that the macro-financial efficiency of Yunnan province has kept an upward trend in the passed20 years.In Chapter 5,by doing regression analysis and establishing VAR model,this paper get a result which shows three factors of macro-financial efficiency can effectively promote the economic growth of Yunnan province.Last but not least,this paper has summarized the total research work through chapter 6.Meanwhile,based on the relations between the three factors of the macro-financial efficiency of Yunnan province and the economic growth,this chapter has given some policy recommendations from three aspects to improve financial efficiency and promote the economic development of Yunnan province.