Abstract: Rural finance is the core driving force of agricultural economic development. In order to deeply understand and grasp the relationship between rural cooperative finance and agricultural economic growth in Xinjiang, Johansen co-integration test, VAR model and other methods were used to carry out empirical analysis on the rural credit cooperatives' agricultural loan balance and primary industry value added data in Xinjiang from 1989 to 2018. The results show that there is a long-term balanced co-integration relationship between rural cooperative finance and agricultural economic growth, and there is a unidirectional Granger causality between the two. Rural cooperative finance has a strong role in promoting agricultural economic growth.

Key words: rural cooperative finance, agricultural economic growth, co-integration test, VAR model, Xinjiang