我国金融发展与经济增长关系的实证分析

Empirical Analysis on the Relationship between Financial Development and Economic Growth

金融发展和经济发展之间的关系研究的历史很久远,也颇受争议。先是对先前的研究做了一个简单的文献综述,而后通过对我国1990至2008的金融深化和经济增长数据做一实证研究,通过对二者之间进行协整和Granger检验,得出金融深化和经济增长之间存在着长期稳定的均衡关系,金融深化是经济增长的Granger的因果关系。

The research on the relationship between financial development and economic growth has a long history and arouses controversy.This article first makes a simple literature review on a previous study,and later does a study on China＇s financial deepening and economic growth empirical data from 1990 to 2008,and makes cointegration test and Granger test between them.It obtains that there are a long-term stable equilibrium relationship between financial deepening and economic growth and financial deepening is Granger causality of economic growth.