中国金融发展与经济增长的因果关系检验

An Estimate on the Casual Relation between Financial Development and Economic Growth

在分析了中国货币、实际利率与经济增长之间相关关系的基础上 ,运用双向变量的格兰杰因果检验法 ,实证分析了金融发展与经济增长的因果关系 。

This paper firstly discusses the relationship among money,real interest rate and economic growth of China. Then estimates the causality between financial development and economic growth by Bivariate Granger Casual Relation Test. The conclusion suggests that economic growth stimulate financial development more in China.