金融发展与经济增长的关系——基于陕西省的实证研究

The Relationship Between Financial Development and Economic Growth——An Empirical Study of Shaanxi Province

文章利用陕西省1988—2007年的金融发展与经济增长的相关数据,采用共积性检验与格兰杰因果关系检验对陕西省的金融发展与经济增长的关系进行实证研究。金融发展指标选择金融相关比率FIR,金融中介效率指标选择存贷利差和存贷比,经济增长指标选择人均实际GDP增长率。研究结果认为,金融发展与经济增长之间不存在因果关系,但金融中介效率指标与经济增长之间存在长期均衡关系,存贷利差的缩小是经济增长的一个原因。

In this paper,we use the data of financial development and ecnomic growth during 1988—2007 in Shaanxi province.Using co-integration test and the Granger Causality test do research on the province＇s relationship between financial development and economic growth.We select finance-related rate of FIR,the efficency of financial intermediation indicators of intrest spread and the deposit-loan ration as the financial development indicators;choice the per capita real GDP as the indicator of economic growth.The result is that there has no causal relationship between financial development and economic growth,but has long-run equilibrium relationship between the indicators of efficiency of financial intermediation and economic growth.The decrease of interest spread is one of the reasons of economic growth.