上海市金融发展与经济增长相关关系的实证研究

以1978—2010年的数据为样本,运用单位根检验、协整检验及格兰杰因果检验对上海市金融业的发展与经济增长之间的关系进行实证研究。研究发现,长期内上海市的金融相关比率、金融系统效率与经济增长之间存在稳定的均衡关系,金融相关比率、金融系统效率与经济增长之间呈正相关关系;而在短期内,上海市经济增长是引起金融相关比率变化的格兰杰原因,也是引起金融系统效率变化的原因,但金融相关比率和金融系统效率却不是经济增长的格兰杰原因。

An empirical study of the relationship between financial development and economic growth of Shanghai

Based on the data from 1978—2010,this paper did an empirical research on the financial development and the economic growth of Shanghai through Augmented Dickey-Fuller Test、Cointegration test and Granger causality test.The study found that in the long term,there exists a stable equilibrium relationship among financial interrelations ratio、financial efficiency and economic growth of Shanghai,besides,they showed a positive correlation.However,in the short term,the economic growth is the granger cause of both financial interrelations ratio and financial efficiency,while the latter two indexes is not the granger cause of economic growth.