Research on the Impact of Financial Structure Optimization on Zhanjiang's Economic Growth

Wenjie Yang; Li Sun

doi:doi:10.11648/j.ijfbr.20200601.12

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Research on the Impact of Financial Structure Optimization on Zhanjiang's Economic Growth

Wenjie Yang, Li Sun

Published in International Journal of Finance and Banking Research (Volume 6, Issue 1)

Received: 24 February 2020 Accepted: 9 March 2020 Published: 18 March 2020

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Abstract

China is in the period of important strategic opportunities of the "new normal". The "new normal" has brought new development and opportunities to China, and its economic growth has become more stable and its growth momentum has been more diverse. However, at the same time, it also faces problems such as overcapacity, high debt, and gradual weakening of the "demographic dividend". Therefore, economic transformation and adjustment and improvement of the financial structure have become important issues for regional economic development. With Zhanjiang as a sub-central city, Zhanjiang has a huge development opportunity. However, Zhanjiang's financial penetration into the economy is not strong, compared with other cities, Zhanjiang's financial deepening level is relatively low. Therefore this study analyzes the causal relationship between Zhanjiang's bank-led financial structure and economic growth, and explores the key elements of economic growth. Optimize the financial structure and increase the balance and inclusiveness of development. Give full play to the role of market mechanisms to further release market vitality. Scientifically regulate and control risks to realize Zhanjiang's economic transformation and upgrading and sustainable economic development under the “new normal”. Empirical analysis shows that FIR and FI are Granger causality of GDP and have a negative impact. There is no Granger causality between DLR, ER and GDP, which has a positive impact.

Published in	International Journal of Finance and Banking Research (Volume 6, Issue 1)
DOI	10.11648/j.ijfbr.20200601.12
Page(s)	11-16
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Financial Development, Financial Interrelations Ratio, Economic Growth

References

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APA Style

Wenjie Yang, Li Sun. (2020). Research on the Impact of Financial Structure Optimization on Zhanjiang's Economic Growth. International Journal of Finance and Banking Research, 6(1), 11-16. https://doi.org/10.11648/j.ijfbr.20200601.12

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ACS Style

Wenjie Yang; Li Sun. Research on the Impact of Financial Structure Optimization on Zhanjiang's Economic Growth. Int. J. Finance Bank. Res. 2020, 6(1), 11-16. doi: 10.11648/j.ijfbr.20200601.12

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AMA Style

Wenjie Yang, Li Sun. Research on the Impact of Financial Structure Optimization on Zhanjiang's Economic Growth. Int J Finance Bank Res. 2020;6(1):11-16. doi: 10.11648/j.ijfbr.20200601.12

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@article{10.11648/j.ijfbr.20200601.12,
  author = {Wenjie Yang and Li Sun},
  title = {Research on the Impact of Financial Structure Optimization on Zhanjiang's Economic Growth},
  journal = {International Journal of Finance and Banking Research},
  volume = {6},
  number = {1},
  pages = {11-16},
  doi = {10.11648/j.ijfbr.20200601.12},
  url = {https://doi.org/10.11648/j.ijfbr.20200601.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijfbr.20200601.12},
  abstract = {China is in the period of important strategic opportunities of the "new normal". The "new normal" has brought new development and opportunities to China, and its economic growth has become more stable and its growth momentum has been more diverse. However, at the same time, it also faces problems such as overcapacity, high debt, and gradual weakening of the "demographic dividend". Therefore, economic transformation and adjustment and improvement of the financial structure have become important issues for regional economic development. With Zhanjiang as a sub-central city, Zhanjiang has a huge development opportunity. However, Zhanjiang's financial penetration into the economy is not strong, compared with other cities, Zhanjiang's financial deepening level is relatively low. Therefore this study analyzes the causal relationship between Zhanjiang's bank-led financial structure and economic growth, and explores the key elements of economic growth. Optimize the financial structure and increase the balance and inclusiveness of development. Give full play to the role of market mechanisms to further release market vitality. Scientifically regulate and control risks to realize Zhanjiang's economic transformation and upgrading and sustainable economic development under the “new normal”. Empirical analysis shows that FIR and FI are Granger causality of GDP and have a negative impact. There is no Granger causality between DLR, ER and GDP, which has a positive impact.},
 year = {2020}
}

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TY - JOUR
T1 - Research on the Impact of Financial Structure Optimization on Zhanjiang's Economic Growth
AU - Wenjie Yang
AU - Li Sun
Y1 - 2020/03/18
PY - 2020
N1 - https://doi.org/10.11648/j.ijfbr.20200601.12
DO - 10.11648/j.ijfbr.20200601.12
T2 - International Journal of Finance and Banking Research
JF - International Journal of Finance and Banking Research
JO - International Journal of Finance and Banking Research
SP - 11
EP - 16
PB - Science Publishing Group
SN - 2472-2278
UR - https://doi.org/10.11648/j.ijfbr.20200601.12
AB - China is in the period of important strategic opportunities of the "new normal". The "new normal" has brought new development and opportunities to China, and its economic growth has become more stable and its growth momentum has been more diverse. However, at the same time, it also faces problems such as overcapacity, high debt, and gradual weakening of the "demographic dividend". Therefore, economic transformation and adjustment and improvement of the financial structure have become important issues for regional economic development. With Zhanjiang as a sub-central city, Zhanjiang has a huge development opportunity. However, Zhanjiang's financial penetration into the economy is not strong, compared with other cities, Zhanjiang's financial deepening level is relatively low. Therefore this study analyzes the causal relationship between Zhanjiang's bank-led financial structure and economic growth, and explores the key elements of economic growth. Optimize the financial structure and increase the balance and inclusiveness of development. Give full play to the role of market mechanisms to further release market vitality. Scientifically regulate and control risks to realize Zhanjiang's economic transformation and upgrading and sustainable economic development under the “new normal”. Empirical analysis shows that FIR and FI are Granger causality of GDP and have a negative impact. There is no Granger causality between DLR, ER and GDP, which has a positive impact.
VL - 6
IS - 1
ER -

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Author Information

Wenjie Yang

School of Business, Guangdong Coastal Economic Belt Development Research Center of Lingnan Normal University, Zhanjiang, China
Li Sun

School of Economic and Management, Guangdong University of Petrochemical Technology, Maoming, China

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APA Style

Wenjie Yang, Li Sun. (2020). Research on the Impact of Financial Structure Optimization on Zhanjiang's Economic Growth. International Journal of Finance and Banking Research, 6(1), 11-16. https://doi.org/10.11648/j.ijfbr.20200601.12

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ACS Style

Wenjie Yang; Li Sun. Research on the Impact of Financial Structure Optimization on Zhanjiang's Economic Growth. Int. J. Finance Bank. Res. 2020, 6(1), 11-16. doi: 10.11648/j.ijfbr.20200601.12

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AMA Style

Wenjie Yang, Li Sun. Research on the Impact of Financial Structure Optimization on Zhanjiang's Economic Growth. Int J Finance Bank Res. 2020;6(1):11-16. doi: 10.11648/j.ijfbr.20200601.12

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@article{10.11648/j.ijfbr.20200601.12,
  author = {Wenjie Yang and Li Sun},
  title = {Research on the Impact of Financial Structure Optimization on Zhanjiang's Economic Growth},
  journal = {International Journal of Finance and Banking Research},
  volume = {6},
  number = {1},
  pages = {11-16},
  doi = {10.11648/j.ijfbr.20200601.12},
  url = {https://doi.org/10.11648/j.ijfbr.20200601.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijfbr.20200601.12},
  abstract = {China is in the period of important strategic opportunities of the "new normal". The "new normal" has brought new development and opportunities to China, and its economic growth has become more stable and its growth momentum has been more diverse. However, at the same time, it also faces problems such as overcapacity, high debt, and gradual weakening of the "demographic dividend". Therefore, economic transformation and adjustment and improvement of the financial structure have become important issues for regional economic development. With Zhanjiang as a sub-central city, Zhanjiang has a huge development opportunity. However, Zhanjiang's financial penetration into the economy is not strong, compared with other cities, Zhanjiang's financial deepening level is relatively low. Therefore this study analyzes the causal relationship between Zhanjiang's bank-led financial structure and economic growth, and explores the key elements of economic growth. Optimize the financial structure and increase the balance and inclusiveness of development. Give full play to the role of market mechanisms to further release market vitality. Scientifically regulate and control risks to realize Zhanjiang's economic transformation and upgrading and sustainable economic development under the “new normal”. Empirical analysis shows that FIR and FI are Granger causality of GDP and have a negative impact. There is no Granger causality between DLR, ER and GDP, which has a positive impact.},
 year = {2020}
}

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