A Positive Analysis On The Relations Between Tianjin's Financial Development And Economic Growth

Based on the relevant data during 1980 to 2008,this thesis analyzes the relations between Tianjin's financial development and economic growth and comes to the conclusion that financial deveopment has a positive effect on economic growth.And the granger causality also indicates that financial development is a factor in boosting economic growth.It shows that the raising in the development efficiency has a stronger impact over economic growth than the expansion of total quantity.Therefore,the financial sector needs a leap in its reform and innovation and while expanding total quantity,more attention should be paid to the improvement of financial efficiency.