新疆金融与经济相关性实证研究

通过对新疆1990—2008年时间序列数据单位根检验,验证金融机构存贷款比率、城乡居民储蓄存款余额、国有固定投资和非国有固定资产投资与经济增长四者之间的Granger因果关系。研究表明,金融不是经济增长的Granger成因,但两者之间相协调,产生协同效应。研究进一步发现,新疆经济增长没能有效地带动金融发展,金融发展滞后于经济增长。

We verified the Granger causality of the loan ratio of financial institutions, the saving deposit balance of urban and rural residents, state - owned fixed investment, non - state - owned fixed asset investment and economic growth through Xinjiang in the period of 1990 - 2008 data unit root test. The research shows that finance is not Granger causes of economic growth, but they are harmonious and cause synergistic effects . And research found that Xinjiang economic growth eanl effectively drive financial development, financial development lags behind economic growth.