Empirical Analysis of Regional Financial Development and Regional Economic Growth—Based on the Data of Fifteen States in Xinjiang ()
ABSTRACT
This article collected
panel data of fifteen states of Xinjiang between 2005 and 2011, and based on the method of
quantile regression, made an empirical research among financial development and
economic growth of Xinjiang fifteen states. The financial related rate, the
efficiency of financial intermediation, the structure of financial savings and
insurance depth were included in this paper. Conclusion: Comprehensive financial
development level (LNFIR, LNFAE, LNFSS, LNIND) in different quantile level
factor of economic growth, regional financial development level of Xinjiang
restricts economic growth. Finally, this paper, according to the
empirical results, puts forward the “financial development cycle theory”, and
puts forward some suggestions.
Share and Cite:
Si, X. (2017) Empirical Analysis of Regional Financial Development and Regional Economic Growth—Based on the Data of Fifteen States in Xinjiang.
Journal of Financial Risk Management,
6, 397-417. doi:
10.4236/jfrm.2017.64029.
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