Empirical Study on Financial Development and the Income of Urban Residents in China——Example as Our Countries Data

摘要

Based on all kinds of countries data for the object of study from 2000 to 2009,the paper explores the effect of financial development on the income of urban residents by using econometric panel data fixed effects model analysis methods.Overall,the financial development promoted the improvement of income level of town resident sand the financial development each unit increase will improve 0.238 units of urban residents income level; According to urban area classification into East,Central,and West divided samples show that the largest effect of financial development on the income of urban residents is in the eastern city,followed by the central city,and finally the western city.This reflects the effect of financial development on the income of urban residents being regional differences.The conclusion of this research has a strong practical significance,and it can provide the basis for the government policies about finance.