The correlation analysis by examining the financial and the energy industries based on energy-rich region(Yulin city)

As The world's financial system Increased competition,energy finance has become one of the core problems in economic development,energy finance research should be developing and deeply.In combination with the practical situation of Yulin city energy financial development,the paper using the theory of correlation analysis,co-integration testing and Granger causality testing,analyzes the relationship between the financial and the energy industry.Correlation analysis showes that there is close relationship between formal financial,private finance and the energy industry.Co-integration testing discovers that formal financial and private finance significantly promote the development of energy industry.Causality test further confirmed that the formal financial Limited promotes the development of energy industry,and private finance and energy have mutual promoted effects.