Empirical Study On The Relationship Between Financial Development And Economic Growth In Heilongjiang Province

Financial development achieves the effective integration of financial institutions and the re-innovation of financial products and tools by realizing the economies of scale of the financial industry,increasing the volume of financial transactions and industrial concentration.Thereby,eliminating financial repression,improving financial efficiency,and ultimately achieving an effective improvement of the economic level of a certain region.Heilongjiang Province undoubtedly shoulders important responsibilities in the strategic work of revitalizing the old industrial bases in Northeast China,and financial development is in a decisive position in the process of economic operation of the province.Therefore,we should focus on the development of Heilongjiang Province,such as the total amount of financial development,the deepening of financial development,the efficiency of financial system operation and the efficiency of investment and investment transformation.It is hoped that effective measures to improve the economic development level of Heilongjiang Province will be obtained,which has practical significance for revitalizing the old industrial base.Based on the financial development theory and economic growth theory,based on the statistical data provided by various yearbooks such as the China Statistical Yearbook,establish a financial development index evaluation system.Using Eviews7.0 statistical software,the relationship between Heilongjiang Province's financial development and Heilongjiang's economic growth is described.Based on the results analysis,a targeted financial development strategy to promote economic growth in Heilongjiang can be proposed.