长吉图先导区金融创新与农村经济增长的实证研究

An Empirical Research of Financial Innovation of Chang-Ji-Tu Pilot Area and Rural Economic Growth

利用多变量向量自回归模型（VAR），采用长吉图开放开发先导区1990～2011年的时间序列数据，实证研究金融创新和农村经济增长之间的相关关系。研究表明，长吉图先导区农村人均国内生产总值增长率和农村货币化程度、金融相关率、金融深化程度及农村的资本投入率存在长期的协整关系和双向因果关系，金融相关率和金融深化程度对经济增长的推动作用比较明显，资本投入率对经济增长的推动作用不显著。说明我国农村金融体制尚不完善，存在无效投资、投资浪费等现象，需进一步深化改革，提高金融创新水平，以推动农村经济长期健康发展。

Based on the time series data from 1990 - 2011, an empirical study is conducted to analyze the corre- lation between financial innovation and rural economic growth according to VAR. The result reveals that there are correlation and two-way causal relationship existing among the growth rate of rural per capita GDP, the degree of rural monetization, the financial interrelations ratio, the degree of financial deepening and the rate of rural cap- financial innovation so as to promote the long-term sound development of rural economy.