Research On The Relationship Between Financial Scale,Financial Efficiency And My Country’s Economic Growth

Judging from China’s current economic situation,China’s economic development is advancing towards the goal of achieving high-quality and efficient growth.However,from the current situation,China’s financial system needs to be improved.Although sufficient funds have played an important role in economic growth to a certain extent,it is not enough to rely solely on the accumulation of capital in terms of "quantity"."Quality" development,the overall growth role of financial development not only depends on the moderately expanded financial scale,but also additionally considers the impact factor of financial efficiency in the financial system.Only the efficient allocation of resources can really play a role in promoting economic growth.Therefore,if you want to study the relationship between financial development and economic growth,you need to combine the "quantity" and "quality" of capital,and efficiently allocate the role of capital in economic development,so as to improve the financial system and adjust the financial market to make it Effectively improve and promote the transformation of China’s economic growth mode and the upgrading of industrial structure,thus providing theoretical and practical significance for my country to promote high-quality and efficient economic development.This paper selects the national data indicators from 2005 to 2020,and uses the TVPVAR model to study the relationship between financial development and economic growth.Financial scale and financial efficiency are used to represent the indicator vector for measuring financial development,and the spillover effect between the two and economic growth is studied,and the impact of financial scale and financial efficiency on economic growth in different periods is analyzed.The impact of development on economic growth.The empirical results show that China’s financial scale needs to maintain appropriateness in the process of expansion,and at the same time,attention should be paid to the improvement of the variable of financial efficiency,and the conclusion that the structural adaptability of financial development and economic growth needs to be strengthened.Finally,it is concluded that only with the joint action of financial instruments in the financial system can the real economy accelerate the realization of high-quality and high-efficiency economic development from better services in financial development.