西部金融发展与经济增长关系的实证研究——基于面板数据的分析

The Empirical Study on the Relation Between Financial Development and Economic Growth of The Western Regions——The Analysis Based on Panel Data

文章利用1990-2004年西部七个省份的面板数据,运用银行、股票市场和保险市场的相关数据,采用似不相关法(seemingly unrelated regression)对模型进行估计,对我国西部地区金融发展与经济增长的关系进行研究。结果表明:实际利率、金融发展与经济增长呈负相关关系;股票市场与经济增长呈弱相关关系;保险市场对经济增长起明显的促进作用。

this paper investigates the impact of bank、stock markets and insurance markets on economic growth using a panel data set for the period 1996 - 2004 and seemingly unrelated regression. The conclusion shows： the rule interest and economic growth of the western regions presents negative relevant relations; the hank developing and economic growth presents negative relevant relations; the insurance market and economic growth presents positive relevant relations.