天津市区域金融发展与经济增长实证研究

An Empirical Study on Tianjin’s Regional Financial Development and Economic Growth

天津市区域金融发展与经济增长的关系经实证研究结果表明:金融相关比率、实际利率与经济增长正相关,金融中介效率、金融储蓄结构与经济增长负相关;天津市的经济增长是金融相关比率的成因,而金融中介效率、金融储蓄结构及实际利率与经济增长之间并不存在因果关系。因此,天津市金融未来的发展重点应着眼于提高金融资源配置效率和调整金融结构。

The paper makes an empirical research on the relationship of the regional financial development and economic growth of Tianjin. The results from this empirical study areas follows： financial interrelation ratio and real rate of interest show a positive correlation with economic growth, while financial agency efficiency and financial savings structure show a negative correlation. Tianjin＇s economic growth is the cause of financial interrelation ratio, but there is no causation between economic growth and financial agency efficiency, financial savings structure, and real rate of interest. The poli- cy implications should be： in financial development, Tianjin should focus on improving both the efficiency of financial resource allocation and financial structure.