内蒙古新能源产业金融支持的实证分析

An Empirical Analysis of Financial Support for New Energy Industry in Inner Mongolia

针对内蒙古地区金融支持新能源产业发展作用机制问题,设定金融发展指标以及新能源产业发展指标。通过构建VAR模型,进行脉冲响应和方差分析,发现金融效率变动对新能源产业发展变动的贡献度大于金融结构变动以及金融规模变动的贡献度。金融效率的提高可以较为明显地促进新能源产业的发展,金融结构优化的促进作用低于金融效率提高的促进作用,金融规模的发展在一定程度上可以促进新能源产业的发展。因此,建议适当减少新能源企业进行信贷的障碍,并建立新能源企业评价体系,加强银行等金融机构与新能源企业间联系;优化金融结构,促进证券市场的发展,积极发展企业债券市场,为新能源企业直接融资行为提供便利;积极发挥政府引导机制,将资金投入具有较高创新能力的新能源企业。

To determine the financial support mechanism in new energy industry development in Inner Mongolia,we set up indicators in financial development and new energy industry development.Through pulse response and variance analysis with the VAR model,we find that the improvement of financial efficiency contribute more to the development of new energy industry than that of financial structure to financial scale;the improvement of financial efficiency can obviously promote the development of new energy industry,and the upgrade of financial structure is less promotive than the improvement of financial efficiency.The development of financial scale can boost the development of new energy industry to a certain extent.Therefore,we should remove the restrictions on new energy enterprises getting loans,establish evaluation system for new energy enterprises,and strengthen the connection between financial institutions and new energy enterprises.Besides,we should upgrade financial structure to promote the development of the stock market,and develop the corporate bond market to help new energy enterprises get direct investment.The governmental guidance mechanism should be proactively implemented,and investments should be put in new energy enterprises with higher innovation capability.