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 JFRM  Vol.6 No.4 , December 2017
Empirical Analysis of Regional Financial Development and Regional Economic Growth—Based on the Data of Fifteen States in Xinjiang
Abstract: This article collected panel data of fifteen states of Xinjiang between 2005 and 2011, and based on the method of quantile regression, made an empirical research among financial development and economic growth of Xinjiang fifteen states. The financial related rate, the efficiency of financial intermediation, the structure of financial savings and insurance depth were included in this paper. Conclusion: Comprehensive financial development level (LNFIR, LNFAE, LNFSS, LNIND) in different quantile level factor of economic growth, regional financial development level of Xinjiang restricts economic growth. Finally, this paper, according to the empirical results, puts forward the “financial development cycle theory”, and puts forward some suggestions.
Cite this paper: Si, X. (2017) Empirical Analysis of Regional Financial Development and Regional Economic Growth—Based on the Data of Fifteen States in Xinjiang. Journal of Financial Risk Management, 6, 397-417. doi: 10.4236/jfrm.2017.64029.
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