Journal of Guangxi Teachers Education University (Philosophy and Social Sciences Edition) ›› 2017, Vol. 53 ›› Issue (5): 34-41.doi: 10.16088/j.issn.1001-6597.2017.05.006

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A Study on the Coupling between Financial Innovation and Quality of China’s Economic Growth

XIE Ting-yu, YE Cun-jun   

  1. School of Management, Guilin University of Technology, Guilin 541004, China
  • Received:2017-02-15 Online:2017-09-20 Published:2018-07-14

Abstract: Scientific and technological innovation injects powerful impetus into economic development, and financial innovation provides important support for scientific and technological innovation. In the critical period of supply side reform, China should attach great importance to financial innovation, which, through improving the efficiency of resource allocation, plays an important role in economic development and upgrading of industrial structure. Based on the data from 2006 to 2015 and using the measurement model of coordination degree as reference, this study aims to construct a financial innovation and economic growth quality index system. The study finds that China’s current financial innovation is uncoordinated with its economic growth quality. An important reason for this is the low collaboration of China’s financial innovation and development strategies, such as balancing urban and rural development, promoting the upgrading of industrial structure and coordinating development between regions. Also, financial innovation in China is not sufficient enough. These reasons lead to the limitation of enhancing economic growth quality through financial innovation.

Key words: financial innovation, quality of economic growth, coordinated development

CLC Number: 

  • F124.3
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