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经济增长与金融发展的关系,历来是学术界和决策层所关注的重要问题之一。本文采用恩施州1979—2010年的经济数据,通过单位根检验、协整检验、VEC模型、脉冲响应分析和方差分解分析对其经济增长和金融发展的关系进行了探究。结果显示,恩施州经济增长与金融发展之间具有长期稳定的关系,并且扩大金融规模和提高金融效率都能对恩施州经济的发展产生正向效应。
The relationship between economic growth and financial development has always been one of the important issues of concern to academics and policy makers. This paper uses the economic data of Enshi Prefecture from 1979 to 2010, and explores the relationship between its economic growth and financial development through unit root test, co-integration test, VEC model, impulse response analysis and variance decomposition analysis. The results show that there is a long-term and stable relationship between the economic growth and financial development in Enshi Prefecture, and both the financial scale and the financial efficiency can exert a positive effect on the economic development of Enshi Prefecture.