金融发展对经济增长的影响——以南京市为例

The Impact of Financial Development on Economic Growth:A Case Study of Nanjing

文章采用1990—2017年南京市的年度数据,通过构造VAR模型,从金融发展规模、效率和结构3方面入手,实证分析了南京市的金融发展给经济增长所带来的影响.研究发现,南京市的金融发展与经济增长存在长期均衡关系;金融发展规模和金融发展结构能正向刺激南京市经济增长,而金融发展效率则不利于经济增长;总体而言,南京市的金融发展会对其经济增长起显著影响.

This paper uses the annual data of Nanjing from 1990 to 2017.Through the construction of VAR model,it starts from the three aspects of financial development scale,efficiency and structure,and empirically analyzes the impact of local financial development on economic growth.The study finds that there is a long-term equilibrium relationship between financial development and economic growth in Nanjing;the scale and structure of financial development can positively stimulate economic growth in Nanjing.The efficiency of financial development is not conducive to economic growth.In general,Nanjing's financial development has a significant impact on its economic growth.