Abstract
The relationship of financial development and economic growth has always been the core issue in the economic theory research. This article first carries on the description to Shandong Province’s actual economic condition and the financial present situation, then carries on the empirical analysis using the Eviews software. Does deep research on the relationship of economic growth and financial development from different sides. through the separate empirical analysis of the economic growth indices, Banking sector's development indices, stock market's indices and Insurance department's indices, This article analyzed the influences and the functions of various financial departments to the economic growth of Shandong Province and obtained some very valuable conclusions such as the traditional financial service was still the prime factor of economic growth , the Stock market hadn’t fully played the role of optimizing allocation of resources and the insurance hadn’t promoted the economic growth poorly. Finally put forward is the corresponding policy.
Keywords Financial development；Economic growth ；Unite root Test； Co integration Test；Granger Test
