The Research on the Efficiency of Financial Support for the Development of Real Economy-A Case Study Based on the Data of the Silk Road Belt

Abstract

With the intensifying trend of financialisation of the economy, the efficiency of financial support is associated with the smooth and sustainable development of the real economy. However, Mismatches between financial resources and real economic development emerged in recent years, and the decreased efficiency of financial services has greatly affected harmonisation and balance of financial and real economic growth, meanwhile there are also large differences between different provinces. Based on the data of 10 provinces along the Silk Road Belt from 2012-2018, the efficiency of financial support for the real economy development will be analyzed using DEA-BBC model and DEA-Malmquist index, and the validity of financial support for the real economy development will also be discussed in the article. The results showed that the overall comprehensive efficiency is effective, meanwhile there are significant differences among the provinces, and the productivity of financial support for economic development is on a declining trend, which is meanly caused by the declining efficiency of financial scale.