广西资本市场发展与经济增长的相关性研究

Research on the Correlations between the Guangxi Capital Market Development and the Economic Growth

采用广西2000-2012年资本市场发展与经济增长的数据，包括证券市场、金融机构中长期信贷、产权市场与经济增长指标，对广西资本市场发展与广西经济增长的关系进行实证检验。实证结果发现，广西的金融机构中长期信贷、证券市场发展与经济增长存在相关关系，但是证券市场对广西经济增长的贡献相对较小。认为广西在未来的资本市场发展过程中，应该在提高资金使用效率、促进证券市场的发展等方面努力。

This paper bases an empirical research about the correlations be- tween the capital market developmem and the economic growth in Guangxi on the statistic data of capital market development and economic growth from 2000 to 2012, including securities, medium and long-term credit of financial institu- nons, property market and economic growth index. The results show there is a correlation between medium and long-term credit of financial institutions and se- curities markets and Guangxi＇s econonnc growth, while the latter contributes rel- atively less than the former. This paper suggests to raise the efficiency of finan- cial allocation and to promote the developmem of securities markets.