Author(s)

Yanqiang Cheng

Corresponding Author

Yanqiang Cheng

ABSTRACT

The relationship between financial development and real economic growth has always been a hot topic in economics. The paper analyzes the economic growth efficiency and efficiency of financial services from 1980 to 2018 in Guangdong Province and uses the generalized square method and quantile regression empirical method to analyze the main factors affecting the economic growth of financial service entities. The relationship between financial services and real economic growth. The research results show that during the period from 1980 to 2018, the economic growth efficiency of financial services in Guangdong Province has a significant downward trend, especially in terms of technical efficiency. The reason is that the scale expansion of the financial industry, the restructuring of the system and the overcapacity of the real economy have had a negative impact on the economic growth efficiency of the financial services entity. To this end, the paper proposes a solution. The economic growth efficiency of financial services entities must be improved through financial industry reform, service innovation and optimization of the external environment to completely improve the current situation.

KEYWORDS

Financial services real economy; Growth efficiency; influencing factors; Generalized square method; Fractional regression method