EMPIRICAL RESEARCH ON THE RELATIONSHIP BETWEEN REGIONAL FINANCIAL DEVELOPMENT AND REGIONAL ECONOMIC GROWTH OF CHANGZHUTAN
用协整检验和因果关系检验分析了长株潭地区金融发展与经济增长的关系,发现贷款增长和中介效率增长对经济有促进作用,且贷款与经济增长互为因果。
This article empirically analyses the relationship between regional financial development and regional economic growth of Changzhutan by using cointegration tests and causality tests.Test results show that,the rate of loan growth and the rate of intermediation efficiency growth have a positive role in promoting economic growth in Changzhutan region,but the rate of intermediation efficiency growth has no significant effect on economic growth.And loan growth and economic growth have bi-directional causal relationship.On the basis of empirical study,the paper draws some conclusions and puts forward some suggestions.