云南省金融发展与经济增长关系研究

Research on the Relationship Between Financial Development and Economic Growth in Yun Nan Province

运用单位根检验、协整检验、Granger因果检验及误差修正模型等计量统计工具对云南省金融发展与经济增长之间的内在关系进行了实证分析。结果表明,尽管样本期内云南省金融发展与经济增长水平序列不平稳,但两者之间存在长期稳定的均衡关系,且经济增长对金融发展的长期弹性为0.595;两者之间只存在经济增长对金融发展的单向关系,表明云南省金融发展是需求跟随型的。最后针对实证结果给出相应的政策建议。

This paper examines the nature and direction of the relationship between financial development and economic growth in Yun Nan Province employing econometric methods such as the unit-root test,the co-integration test,and Granger causality test and error correction model.The results point that although the variables used are not stationary at levels during the period in 1983-2007 year,they had a long-run relationship and the long-run elasticity for economic growth to financial development is 0.595.In addition...