Empirical analysis of the dynamic relationship between urbanization and Financial development in Guizhou Province, China

被引：0
|
作者：
Li, Cheng-Gang [1 ]
机构：
[1] Guizhou Univ Finance & Econ, Fac Finance, Guiyang 550025, Peoples R China
来源：
JOURNAL OF DISCRETE MATHEMATICAL SCIENCES & CRYPTOGRAPHY | 2016年 / 19卷 / 03期
关键词：
Urbanization; Financial development; Dynamic relationship; Vector autoregression model;
D O I：
10.1080/09720529.2016.1197569
中图分类号：
O29 [应用数学];
学科分类号：
070104 ;
摘要：
The relationship between urbanization and financial development attracted widespread scholars' attention. The research on relationship between urbanization and financial development can provide a reference for promoting the urbanization process and financial development. Using time series data from 1978 to 2012 in Guizhou Province, China, by building a VAR model, this paper utilizes economic analysis method such as co-integration test, Granger causality test, impulse response function and variance decomposition, to empirically analyze the dynamic relationship between the process of urbanization and financial development in Guizhou Province. The empirical results show that there is long-term stable equilibrium relationship between urbanization and financial development in Guizhou Province; there is bi-directional causal relationship between urbanization level and financial development; the dynamic impulse effects between urbanization and financial development are obvious.
引用
收藏
页码：811 / 820
页数：10
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