金融发展、产业结构与经济增长

Financial Development,Industry Structure and Economic Growth

基于2001-2012年中国31个省(市、自治区)的面板数据,可以分析金融发展与产业结构水平对中国经济增长的影响。研究结论表明:(1)金融发展和产业结构水平对经济增长的影响效应显著为正,即提高金融发展水平有利于经济增长,第二产业促进经济增长的作用明显;(2)政府支出、固定资产投资、基础设施、人力资本和城市化水平均对经济增长具有正向促进作用;(3)金融发展与产业结构虽然都对经济增长有正向促进作用,但二者对经济增长的积极影响会在一定程度上受到彼此的制约。

Based on panel data of China＇s 31 provinces（cities and autonomous regions）from 2001 to 2012,this paper examines the influence of financial development and industry structure on China＇s economic growth.The results show that the effect of financial development and industry structure on economic growth is significantly positive,namely improving financial development level is good for economic growth,and the role of secondary industry in promoting economic growth is more apparent.Government expenditures,fixed-asset investment,infrastructure,human capital and urbanization have a positive effect on economic growth.Through further analysis this paper also finds that although financial development and industry structure have a positive effect on economic growth,the two positive effects on economic growth will be restricted by each other to some extent.