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The Study on the Effect of Financial Development of Gansu Province on the Urbanization——Based on the Strategic Perspective of “Silk Road Economic Belt”
Author(s): 
Pages: 64-69
Year: Issue:  3
Journal: Xi'an Finance

Keyword:  VARurbanizationfinancial developmentSilk Road economic belt;
Abstract: That measures are taken for the financial support to the urbanization construction of areas of Gansu province along"Silk Road Economic Belt" and for their mutual development is an important measure to promote the construction process of Gansu’s urbanization. On the basis of data of the financial development and urbanization in Gansu province from 1996 to 2013, based on VAR model, the paper discusses the relationship between the urbanization rate and financial development in the process of urbanization construction in Gansu province. Results show that the financial development scale compared with the financial development efficiency places bigger effect on Gansu’s urbanization construction, and the development of Gansu’s urbanization will drive the development of local financial development. Finally, the paper puts forward policy suggestions such as developing diversified finance, improving bond markets and perfecting the credit management mechanism to promote the development of small and medium-sized enterprises etc. so as to guarantee Gansu’s urbanization development and the strategic construction of areas of Gansu province along "Silk Road Economic Belt".
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