Research on the Coupling and Coordinated Development of Financial Innovation and Economic Development

Abstract

By using the entropy method, this paper is aimed to research China's 2001 to 2015 data for building the evaluation index system of financial innovation and economic development. And using the coupled coordination model of physics, the 2001-2015 China's financial innovation and economic development coordination degree was calculated and analyzed. Finally by using the generalized linear model GLM for empirical analysis, the panel model was constructed, drawing the following conclusions: There are differences in coupled coordination degree between the financial innovation and economic development in the 2005 to 2015; the coordination degree is high between financial innovation and economic development in the 2005 to 2015 years; Factors such as financial institution deposits (DAFI), equity Financing (EF), Fixed Assets Investment (FAIFS), financial institution deposits (DAFI) and securities investment Funds (SIF) have a catalytic effect on economic development.