中国金融发展对产业结构的影响——基于271个城市面板数据的实证分析

The Impact of Financial Development on China's Industrial Structure——An Empirical Analysis Based on the Panel Data of 271 Cities

为分析中国金融发展对于产业结构的影响,本文将金融发展分成金融效率和金融规模两个维度,同时基于2007~2016年中国271个城市的面板数据,使用系统广义矩估计分析了金融发展对产业结构的影响。结果表明:(1)金融效率、金融规模同产业结构之间为先促进后抑制的倒U型关系;(2)金融效率、金融规模对产业结构的影响存在区域差异,中部和西部地区金融效率的提升能够促进产业结构优化,东部地区则不明显;东部地区金融规模的增加能够促进产业结构优化,中部和西部地区则不明显。最后根据本文结论提出了相关的政策建议。

To analyze the impact of financial development on industrial institutions,the financial development is divided into financial efficiency and financial scale. Based on the panel data of 271 cities in China for 2007 ~ 2016 years,the impact of financial development on the industrial structure is analyzed by the generalized moment estimation of the system. The result shows that,firstly,the relationship between the financial efficiency,the financial scale and the industrial structure is an inverted U relationship.Secondly,there are regional differences in the impact of financial efficiency and financial scale on industrial structure. The improvement of financial efficiency in the central and western regions can promote the optimization of industrial structure but the eastern.The increase of financial scale in the eastern region can promote the optimization of industrial structure but the central and western.At the end of this paper some advisable suggestions are offered.