基于VAR模型的金融发展与经济增长的实证分析

本文在VAR模型的基础上，采用我国年度数据，运用协整检验和ECM等方法分析后发现，长期内，金融发展阻碍经济增长，而通货膨胀促进经济增长。短期内，金融发展对经济增长影响不显著，通货膨胀对经济增长影响显著。金融发展与经济增长之间不存在任何方向的Granger因果关系，通货膨胀是经济增长的Granger原因，但经济增长不是通货膨胀的Granger原因：

Empirical Research on the Relationship between Financial Development and Economic Growth Based on a VAR Model

Based on a VAR model,using such methods as Cointegration test and ECM model etc.with China's annual data being employed,this paper analyzes the relationship between financial development and economic growth and finds that financial development hinders economic growth,but inflation is beneficial to economic growth in the long-time.Not financial development but inflation affects obviously economic growth in the short-time.There is no Granger causality between financial development and economic growth,and infl...