Empirical Analysis of Relationship Between Rural Financial Scale,Structure, Efficiency of and Economic Growth in China

Analysis is made of the impact of rural finance from three dimensions of its scale,structure and efficiency on China's rural economy and is concluded as follows:various factors affecting financial development can promote rural economic growth.By using error correction model,Granger causality test and impulse response function,the relationship between rural economic growth and rural financial scale,structure and efficiency is also studied,and the results show that the impact of rural financial development on rural economic growth maintains a stable equilibrium in a the long term,while rural financial development can play a role of self-error correction in the short term.Rural economy is positively affected by rural finance when its three factors are changed by policy or information.It seems,from the Granger causality test,rural financial development is affected by the existence of rural economic growth and in ademand compliancestatus.