Research On The Impact Of Financial Development On High Quality Development Of Economy

In the process of modern economic development,financial development is an indispensable guarantee factor for the sustained and stable operation of the economy.The improvement of a country's financial development level is not only reflected in the expansion of financial scale,but also the optimization of financial structure and the improvement of financial efficiency.Since 2000,China's financial scale has been expanding.With the expansion of the financial scale,residents' savings have increased,and economic development has also received financial support.At the same time,the increasingly perfect securities market and the increase in financing channels also represent the continuous optimization of China's financial structure;The improvement of financial efficiency can improve the efficiency of financial resource allocation,so that the flow of financial resources is more conducive to the direction of high-quality economic development.All of this means that financial development plays an important role in economic development.At present,China's economic growth is rapid,but it is not only the speed of economic growth that determines the outcome of economic development,but also the quality of the economy;and with the rapid economic growth,many contradictions and problems have also been exposed,and the development of high-quality economy has become The mainstream direction of development.However,the high-quality development of the economy cannot be separated from the support of financial development.Therefore,it is of great theoretical significance to specifically study the impact of financial development on the high-quality development of the economy and find the focus of policy implementation for the promotion of high-quality economic development in China.Practical significance.This article is developed in accordance with the framework of "proposing questions-analyzing mechanisms-using models-discussing results-conclusions and recommendations".First of all,this article organizes,analyzes and summarizes the existing literature,and has a preliminary understanding of the relevance of financial development and high-quality economic development.Second,it expounds on the impact of financialdevelopment on high-quality economic development with the help of relevant theories in the fields of finance and economics.The mechanism of action;third,this paper builds comprehensive indicators for financial development and high-quality economic development according to the "entropy method".Financial development determines the final evaluation value from the three dimensions of structure,efficiency,and scale.The high-quality economic development includes economic structure optimization,technological innovation development,efficient resource allocation,perfect market mechanism,stable economic growth,regional coordination and sharing,perfect infrastructure,and ecology.The eight dimensions of civilization construction determine the final evaluation value.Based on the final measurement results,the agency variables of financial development and high-quality economic development are constructed,and the 30 provinces and autonomous regions in China are divided into three regions: east,middle and west,and descriptive analysis.It is concluded that the financial development and economic high-quality development of the three regions generally show a stronger situation in the east and a weaker situation in the central and western regions.Fourth,based on the two main agent variable data mentioned above,this paper analyzes the financial development The impact of high-quality economic development,the results show that: financial development has a non-linear effect that promotes and then inhibits high-quality economic development;then,based on the previous analysis,a heterogeneous analysis of the way financial development affects high-quality economic development is conducted.The results were as follows: the eastern region first suppressed and then promoted,The first part is promoted and then suppressed,while the western part has no significant impact.Fifth,in the conclusions and recommendations,this article gives a subregional implementation of development policies and improved financial Policy recommendations such as development methods,implementation of innovative development strategies,and strengthening financial supervision.