Financial Development and Economic Growth——From the Perspective of Financial Support Efficiency in Central Yunnan Urban Economic Circle

摘要

The level of financial support efficiency reflects the role of financial development in economic growth.From the perspective of financial support efficiency in central Yunnan urban economic circle, this paper took empirical research on the relationship between financial development and economic growth from 2007 to 2011.Conclusions show that the construction of Yunnan urban economic circle is effective in general.Pure technical efficiency and scale efficiency has been in production frontier.But the total factor productivity index showed large fluctuations.Combined with the empirical results, it put forward some policy suggestions such as keeping financial investment scale, optimizing the financial structure, strengthening financial innovation and broadening the financial channels.