银行集中度的下降促进了产业结构优化吗?——来自101个发展中国家的经验证据

Has the decline in bank concentration promoted the optimization of the industrial structure? Evidence from 101 developing countries

以101个发展中国家1998—2013年年间经济金融及产业数据为样本,考察了银行集中度对产业结构的影响。研究结果表明,银行集中度过高会抑制产业结构优化,银行发展和固定资本形成则有助于发展中国家产业结构升级,过于依赖出口可能会对一国的产业结构产生不利影响。建议发展中国家在推动产业结构升级的过程中着力培育多元化金融产业主体,促进银行业健康发展,防止过度依赖外向型经济带来的价值链低端地位固化。

Banking concentration affects the industrial structure of a country through such channels as fund allocation,entrepreneurship,technology and management innovation.The present study takes the sample of economic,financial and industrial data of 101 developing countries from 1998 to 2013 to examine the impact of bank concentration on the industrial structure.Results show that excessively high banking concentration inhibits the optimization of industrial structure,while banking development and the formation of fixed capital contribute to the upgrading of industrial structures in developing countries.Moreover,excessive reliance on exports may adversely affect a country’s industrial structure.Therefore,in the process of promoting the upgrading of industrial structure,developing countries should focus on cultivating diversified financial industry entities,promote the healthy development of the banking industry,and prevent excessive dependence on the low-end status of the value chain brought about by the export-oriented economy.