Empirical Analysis of the Relationship between Regional Financial Development and Economic Growth——Based on Time Series Data of Gansu Province from 1978 to 2010
Empirical Analysis of the Relationship between Regional Financial Development and Economic Growth——Based on Time Series Data of Gansu Province from 1978 to 2010
GUO Zhi-yi，ZHAO Xiao-ke，LIU Na-risu
Economics College， Lanzhou University， Lanzhou Gansu 730000， China
Abstract With the data of Gansu province from 1978 to 2010 and vector autoregressive model, the paper empirically analyses the relationship between financial development and in Gansu province by cointegration tests, Granger causuality tests and impulse responses function.Research shows that expanding financial development scale significantly promotes economic growth, but financial agent efficiency declines with economic growth. Proposal made to promote economic growth of Gansu province.
GUO Zhi-Yi,DIAO Xiao-Ke,LIU Na-Ri-Su. Empirical Analysis of the Relationship between Regional Financial Development and Economic Growth——Based on Time Series Data of Gansu Province from 1978 to 2010. Economic Survey, 2013, 1(1): 011.
2013, Vol. 1 
