国内外研究表明,经济增长促进了资本市场的形成和发展,反过来资本市场又推动了经济增长。本文以中部省份湖南作为研究对象,着重分析湖南省经济发展水平和资本市场发达程度之间的关系。本文以国内外学者研究为基础,利用湖南省经济、金融发展的相关数据,采用单位根检验、协整关系检验以及格兰杰因果关系检验等数学计量方法,对湖南省资本市场发展与经济增长的关系进行实证检验,并从资本市场发展的角度,提出湖南省经济长期稳定发展的策略。 Research at home and abroad shows that economic growth has promoted the formation and development of capital markets, and in turn capital markets have promoted economic growth. This paper takes Hunan in the central province as the research object, focusing on the relationship between the level of economic development in Hunan Province and the developed degree of the capital market. Based on the domestic and foreign scholars’ research, using the data of economic and financial development in Hunan Province, using the unit root test, cointegration test and Granger causality test and other mathematical measurement methods, this paper analyzes the development of Hunan’s capital market and economic growth Empirical test, and from the perspective of capital market development, put forward the strategy of long-term stable economic development in Hunan Province.