A Study on Relationship between Financial Development and New Urbanization - Evidence from Urban Agglomeration in the Middle Reaches of the Yangtze River

摘要

This paper explores the relationship between financial development and new urbanization development in urban agglomeration in the middle reaches of the Yangtze River. After the unit root test, co-integration test, and the panel data model establishing, some conclusions are figured out. The results show that in the long term run, the level of financial deepening is significantly related with the urbanization development, but the coefficient is relatively small. And the deposit ratio and urbanization are significantly negatively related.