Proceedings of the 2016 International Conference on Modern Management, Education Technology, and Social Science (MMETSS 2016)

The Financial Development and Economic Growth: Based on the Data of City

Authors
Bin Gu, He Liu
Corresponding Author
Bin Gu
Available Online February 2017.
DOI
https://doi.org/10.2991/mmetss-16.2017.98How to use a DOI?
Keywords
The development of finance, The growth of economy, City
Abstract
This paper used urban data as analysis object. The author collected data from 2003-2013, 288 cities in our country as the research foundation, using cross-section data regression of econometric model. This paper explored the correlation between financial development and economic, expounded the action mechanism of the two things in different regions. Then the author found that, from the national perspective, financial development promotes the economy, but the effect is not obvious. However, from the regional perspective, each region shows its unique characteristics. The impact is not so obvious as ideal. To some extent, financial development even inhibits the development of urban economy in some region. This reflects the current financial system still exists problems, which may be due to capital allocation, saving-investment transition rate, investment, insufficient investment quality, inefficient financial market and so on. Therefore, we should adjust the financial market and environment, carry out effective reforms of financial system, so as to make finance and economy mutually promotes each other and develop together.
Open Access
This is an open access article distributed under the CC BY-NC license.

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Cite this article

TY  - CONF
AU  - Bin Gu
AU  - He Liu
PY  - 2017/02
DA  - 2017/02
TI  - The Financial Development and Economic Growth: Based on the Data of City
BT  - Proceedings of the 2016 International Conference on Modern Management, Education Technology, and Social Science (MMETSS 2016)
PB  - Atlantis Press
SN  - 2352-5398
UR  - https://doi.org/10.2991/mmetss-16.2017.98
DO  - https://doi.org/10.2991/mmetss-16.2017.98
ID  - Gu2017/02
ER  -