工业化、城镇化是我国经济发展的两大引擎,金融是现代经济的核心,三者之间是相互联系的。本文以广饶县为案例,基于VAR模型对三者之间的因果关系进行实证分析,通过与广饶县工业化、城镇化和金融发展的经验历程比较发现,金融发展对工业化、城镇化起到了积极助推作用,工业发展到一定阶段又进一步促进了金融发展,但城镇化不是金融发展的直接动力。 Industrialization and urbanization are two engines of economic development in our country. Finance is the core of the modern economy and the three are interrelated. This paper takes Guangrao County as an example, based on VAR model to make an empirical analysis of the causal relationship among the three. By comparing with the experience of industrialization, urbanization and financial development in Guangrao County, it finds that financial development has played a positive role in industrialization and urbanization Push the role of industrial development to a certain stage and further promote the financial development, but urbanization is not the direct driving force of financial development.