山东省金融结构与经济增长关系实证研究

金融发展与经济增长的关系一直受到学者的广泛关注,但有关金融结构与经济增长效应的研究却相对滞后.相比较金融规模而言,金融结构更能反映金融业的功能和效率且金融结构的优化对经济增长更具有推动作用.文章基于协整理论对山东省经济增长与金融结构的关系进行了实证研究,研究结果表明:山东省金融结构与经济增长存在长期协整关系,且贷款结构与经济增长存在双向因果关系.但山东省经济增长与融资结构演进之间并不存在因果关系,银行集中度变化并未构成经济增长的原因.

An Empirical Study on Relationship between Finance Structure and Economic Growth in Shandong Province

The relationship between financial development and economic growth has become focal point for a long time,but the research about financial structure and economic growth is relatively lagging.The financial structure will play more important role in economic growth compared to the financial scale.The paper analyses relationship between finance-structure and eco nomic growth based on the co-integration theory.The empirical research reveals that there is co-integration in finance-struc ture and economic growth in long term.Loan structure and economic growth exists two-way causality,but economic growth and financing structure evolution does not exist causality and bank concentration changes do not constitute the reasons for the growth of the economy.