【摘要】 本文基于1978-2008年时间序列,利用协整与格兰杰(Granger)因果关系检验方法,采用金融发展规模、效率以及股票市场规模等指标,研究了安徽省金融发展与经济增长之间的因果方向性问题。结论是:安徽金融规模的扩张与经济增长存在双向因果关系;金融发展效率是经济增长的原因,但反过来,经济增长并没有促进金融发展效率的提高;股票市场的发展与经济增长不存在格兰杰因果关系。更多还原

【Abstract】 This paper uses the co-integration and Granger causality tests to analyze the causality between financial development and economic growth of Anhui province with time series data from 1978 to 2008.The research employs three variables including index of scale,efficiency of financial development and securities development.The result of research shows that there is bidirectional causality between scale of financial development and economic growth.It also exists single-direction causality between efficiency of financial development and economic growth and the efficiency of the financial development is the Granger causality of economic growth.But we find no Granger causalities between development of securities and economic growth.更多还原