欠发达地区金融发展与经济增长关系分析——以云南省为例

运用ADF法、协整分析法和格兰杰检验,分析云南省金融发展与经济增长的关系,结果显示,云南省银行业和保险市场发展与经济增长之间没有长期的稳定关系,而证券市场与经济增长有单向因果关系,对经济增长构成促进作用,但经济增长没有反推证券市场的发展,二者未进入良性循环通道.这揭示出云南金融发展中存在结构性问题,建议在继续发展证券市场的同时,提高银行业和保险市场总量,充分释放金融应有的总量性和结构性功能.

Analysis of Relationship between Finance Development and Economic Growth in the Developing Area Taking Yunnan Province as an Example

The article analyzes the relationship between finance development and economic growth of Yunnan province by ADF test,Johansen test and Granger test.Then,the article considers that there is a long-term relationship between the development of banks,securities market and economy growth of Yunnan province,and the securities market promotes the economy growth,but economy does not promote the development of securities market;both the economy and the securities market do not enter the channel of excellent cycling.All these demonstrate that there is a construct problem during the finance development of Yunnan province.Therefore,the article advises that the government should increase the scale of banks and insurance market to play a role in the scale and construct of finance.