金融发展与经济增长——基于中部地区的实证分析

Financial Development and Economic Growth——An Empirical Study Based on Central China

文章运用中部地区1995-2008年的省际面板数据,通过固定效应模型实证分析了金融发展与经济增长的影响。研究表明,财政分权改革后,中部地区的金融发展并没有成为经济增长的推动因素,主要可归结为地方政府干预、金融结构不合理和金融效率低下等原因。要大力发展区域中小型金融机构,加强金融生态环境建设。

Using provincial panel data for central China during 1985 -2008 ,this paper empirically investigates into the impact of financial development on economic growth by fixed effect model. The study shows the central region＇s financial development hasnt become the driving factor of economic growth after fiscal decentralization reform. And the main reason for this can be attributed to the intervention of local governments, unreasonable structure and inefficiency of finance etc.