摘要
基于VAR模型及其协整分析,利用Granger因果检验法,对吉林省金融发展与经济增长的关系进行实证分析。实证结果表明,吉林省金融发展不是经济增长的格兰杰原因,即金融发展没有推动经济增长,而经济增长没有促进金融的发展;但吉林省金融发展与资本市场发育程度具有双方向的格兰杰因果关系,即金融发展推动了资本市场发育程度,同时资本市场发育程度也推动了金融发展。
Based on VAR model, Co-integration analysis and Granger causality test, the relationship between the financial development and economic growth in Jilin province is studied. The results demonstrate that the financial development in Jilin is not the Granger reason for the economic growth, that is, the financial development does not promote the economic growth and vice versa. But the relationship between the financial development and the capital market development is dual Granger causality, namely, the financial drives the capital market development, and vice versa.
出处
《长春工业大学学报》
CAS
2009年第3期268-273,共6页
Journal of Changchun University of Technology
基金
国家自然科学基金资助项目(10771020)
关键词
金融发展
经济增长
协整分析
格兰杰因果检验
financial development
economic growth
Co-integration analysis
Granger causality test.
