Empirical Study On The Relationship Between Small Loan And Economic Development

In recent years,the economic development momentum of various provinces and cities in our country is well.Banking,securities and insurance as a representative of traditional financial industry plays an important role.With the constant improvement of market economy,small and medium-sized enterprise(SME)obtained the rapid development,and meanwhile the financing difficulties of SME have become the biggest obstacle to restrict its development.Represented by small loan industry the rise of private financial,to a certain extent,alleviate the financing difficulties of SME,with the expansion of the scale and influence,across the industry to make changes in the financial structure.This paper uses the related data of 31 provinces and cities from 2010 to 2014,first of all,comparative analysis with the number of institutions about banking,securities,insurance and the small loan industry,financial related rate and financing structure of each province from the point of view of static and dynamic perspective.In the empirical research,use the method of establishing model of regression analysis.First,do some analysis on small loan company provincial differences in macroeconomic factors.Loan balance of small loan company is as explained variable and GDP,GDP growth rate,PPI,CPI,loan balance of financial institutions are as explanatory variables.Through stepwise regression,prove the relationship between the difference of microcredit in various provinces and the GDP of each provinces and cities,the scale of investment in fixed assets and the balance of loans of financial institutions.Then,do some analysis on of the various provinces and cities economy development about banking,securities,insurance and the small loan industry.GDP growth rate is as explained variable and growth rate of bank loan balance,growth rate of securities financing,growth rate of premium income and growth rate of small loan balance are as explanatory variables.Through stepwise regression,conclude the result: development speed of the small loan industry,the insurance industry and economic development speed of various provinces and cities are significantly positively correlated,development speed of the banking industry,the security industry and economic development speed of various provinces and cities are significantly negative correlated.Finally according to the above conclusions,this paper puts forward related measures with the development of industry of provinces and cities,and makes some advice on the basis of the consolidation of indirect financing of relevant policy recommendations.