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The Empirical Research on the Credit Supply and the Economic Growth of the Resource-based Cities——The Cointegration Analysis on the Economic and Financial Development Index since the Establishment of Jinchang City
Author(s): 
Pages: 55-58
Year: Issue:  8
Journal: Xi'an Finance

Keyword:  resource-based citycredit supplyeconomic growthempirical research;
Abstract: Setting the typical resource-based city Jinchang city in Gansu province as the sample, by using the vector error correction model(VECM) and the cointegration analysis, the paper studies the effect of the credit supply on the economic growth. Results show that the increase of the credit supply has a positive effect on the economic growth, but its effect is not as great as the that of the investment on the economic growth, which reflects that the credit supply is subject to the economic development. Therefore, it is necessary for the economic growth to find the growth point from the industrial development, to seek the source from the investment and to get the financial support from the finance.
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