AN EMPIRICAL ANALYSIS OF FINANCIAL DEVELOPMENT AND URBAN-RURAL INCOME GAP——TAKE A SAMPLE OF JIANGSU PROVINCE
基于VEC模型,实证分析了1978-2004年江苏省金融发展与城乡收入差距的关系,发现两者存在长期均衡,金融发展规模与差距负相关,效率与差距正相关。
From the view of financial development,the relations between financial development and urban-rural income gap in Jiangsu from 1978 to 2004 were empirical analyzed based on VEC model.Results indicated that a long-run equilibrium relation exists between financial development and urban-rural income gap in Jiangsu.A negative correlation lie between financial development dimension,while a positive correlation exist between financial development efficiency and urban-rural income gap.At last,the result of empirical research was discussed and the policy implication was presented.