A Study On The Influence Of Yanbian Banking Development On Economic Growth

The structure of China's banking industry has been gradually improved,and a new market pattern has basically formed in which large state-controlled commercial Banks and related institutions compete with local small and medium-sized Banks and foreign Banks in various businesses.Economic growth of China's major power derived from the investment,consumption and government purchases,banking institutions involved,and plays an important role,especially through the way of deposits,lending,will be scattered money or idle funds gathered from individuals,families,enterprises and institutions,through the efficient allocation of capital,Banks to raise efficiency of utilization of the funds at the same time,the change of banking itself scale impact on economic growth.Yanbian banking industry is an integral part of China's banking industry,which also has an impact on the economic development of Yanbian region.This paper answers how the development of Yanbian banking industry affects the economic growth.This paper summarizes the relationship between the development of banking industry and economic growth by literature and theoretical analysis,and analyzes the impact of the development of Yanbian banking industry on economic growth by empirical method.Empirical aspect,the relevant data from 1992 to 2017,using a vector autoregressive(VAR)model,using the VECM granger causality test(not)analysis,Johansen cointegration test and the analysis of the impulse response function and variance decomposition analysis,examine the scale of Yanbian in 1992-2017 banking,banking efficiency and the dynamic relationship between banking structure impact on economic growth.Main conclusion:The market structure of Yanbian banking industry has formed a new pattern in which local commercial Banks dominate the deposit and loan market and the four major Banks and other commercial Banks supplement.The scale of Yanbian banking industry expands rapidly and reaches an unprecedented level,but the overall efficiency of Yanbian banking industry shows a declining trend.Great changes have taken place in Yanbian's economic development,with the industrial structure gradually becoming reasonable and the overall economy showing a growth trend.Since 2014,Yanbian's economic growth has been slowed down due to the comprehensive influence of many factors.Yanbian economic growth and the banking industry of Yanbian,banking efficiency and there is a long-term stable relationship between banking structure,Yanbian banking,banking efficiency,scale between banking structure and economic growth there is a unidirectional causality,Yanbian banking industry scale,banking efficiency,the changing structure of the banking industry to promote the economic growth,but the scale of the change of the economic growth of Yanbian banking,banking efficiency,the development of the banking structure did not play a leading role.The scale,efficiency and structure of Yanbian banking industry have little influence on economic growth.Among the three banking development variables that affect economic growth,the banking structure is the largest,followed by the development scale of the banking industry,and the minimum is the efficiency of the banking industry.Gradually,the development scale of the banking industry is the largest,followed by the efficiency of the banking industry,and the minimum is the structure of the banking industry.Although it is said that the influence of economic growth lag is gradually reducing,but this role,although limited,but it is an essential factor of Yanbian economic growth.The contribution of the development of Yanbian banking industry to economic growth is mainly through the continuous growth of scale rather than improving the efficiency of the conversion from savings to investment.To improve the service efficiency of the banking industry and the financial system as a whole can avoid the capital outflow caused by the high threshold of Banks and insufficient capital when enterprises need to increase capital input,thus promoting the further growth of Yanbian economy.The influence of the development of banking industry on the economic growth is of great significance for the reform and development of the banking system and even the financial system in the border minority areas in the future.