深圳金融发展与经济增长关系分析

Analysis of the Relationship Between Shenzhen′s Financial Development and Economic Growth

利用深圳市金融发展与经济增长1979年至2009年年度数据,本文实证研究了金融相关比率与深圳人均实际经济增长关系,认为人均实际经济增长对金融相关比率的促进作用并不明显,但是金融储蓄结构、金融中介效率与经济增长之间的格兰杰因果关系并不显著。因此,深化深圳金融业发展应该提高金融业资金配置效率,促进金融发展由"供给主导"向"需求遵从"转变。

Based on the Annual data of Shenzhen financial development and economic growth from 1979 to 2009,the paper studies the relationship between financial interrelation ratio and per capita real economic growth.Empirical analysis indicates that Per capita real economic growth don′t act as a stimulus to FIR;the Granger causality between FSS or SLR and economic growth is not significant.Therefore,deepening Shenzhen′s financial development should improve the efficiency of capital allocation and make financial development transient from ＂supply-leading＂to ＂demand-following＂.