Dissertation > Economic > The world economic profiles,economic history,economic geography > China's economy > Economic construction and development

Financial Development and Urban Income Distribution

Author GaoYuan
Tutor ZhangYing
School Central South University for Nationalities
Course Chinese minority economic
Keywords Financial Development Urban-rural income gap Economic growth
CLC F832;F124
Type Master's thesis
Year 2009
Downloads 160
Quotes 3
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Distribution of income between urban and rural residents is the impact of widening gap between urban and rural development of the key factors. Since the 1978 reform and opening up, China's income distribution system, including implementation, including the entire economic system, and promote China's rapid economic development. Income distribution system implemented by the planned economy in pursuit of the goal of egalitarian distribution system, gradually changing market mechanism driven by the income distribution system, causing personal income of residents presents a comprehensive, multi-level expansion trend, residents living standards have markedly improved. In accordance with the current prices GDP per capita in 1978 from 379 yuan in 2003 to 9,101 yuan. Calculated at comparable prices, an increase of 6.98 times the average annual growth rate of about 8.11%. 1978 per capita net income of rural residents and urban residents per capita disposable income was 133.6 and 343.4 yuan, 2003 increased to 2622.2 and 8472.2 yuan. According to comparable prices, an increase of 5.51 and 5.15 times respectively. Undeniably, along with China's rapid economic development and the improvement of living standards, urban-rural income inequality is growing. 20 in the late 1970s, China's rural residents, urban residents, rural residents as well as residents of the country's Gini coefficient was 0.21,0.16,0.12 and 0.25. 2003 the Gini coefficient reached 0.36,0.33,0.30 and 0.45, respectively. Income inequality exacerbated not only act on the micro-economic, but also affect the macroeconomic directly affect the redistribution of social resources, China's economic impact on long-term sustainable development. The financial industry is the core of the modern socio-economic, economic and financial technology has become the economic development of countries an inevitable trend. Financial development including the growth of financial aggregates, such as financial asset growth, development of financial institutions, financial markets and financial structure improvement and optimization. The existing empirical studies, simply to financial depth indicators (such as M 2 / GDP, FIR, total private credit / GDP, etc.) measure the level of financial development. However, the financial depth sufficient to represent a country's financial development, especially in developing countries, because the law and its implementation, systems and information infrastructure is imperfect, simply to financial depth indicators to measure the level of financial development seriously flawed and misleading. Here, it might be the relationship between financial development and income distribution of empirical research, is assumed to be an \In this assumption, if the investment - a measure of financial development indicators deviation or not comprehensive enough, you can not come true input-output relationship between financial development and income distribution differences empirical conclusion is inevitable. Therefore, financial development is a more complex concept, including at least the scale and efficiency of financial development aspects. Therefore, this article is designed indicators of the level of financial development, both involving financial development scale (financial depth) indicators, including indicators of financial efficiency. On this basis, we passed a lot of statistical data processing, access to relevant indicators 1978-2006 time series data, Yanbian financial development and the relationship between income distribution, an empirical study, how the development of the financial impact of this important income distribution problems, and according to the conclusions put forward corresponding countermeasures to be able to reduce the urban-rural income gap, and promote stable economic development in Yanbian. Article is divided into the following parts: The first part introduces the research background, research status at home and abroad, as well as research ideas and innovations. The second part of financial development on income distribution impact mechanism. The third part focuses on the level of financial development in Yanbian, and urban-rural income distribution, analyzes financial development Yanbian Autonomous Prefecture of the main issues and the main characteristics of urban and rural income distribution. The fourth part of Yanbian Regional Financial Development and Income Distribution Gap empirical research. The fifth part draw empirical conclusions and some suggestions based on conclusions.

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