区域金融化对产业结构升级影响作用研究——以长三角三省一市为例

Research on the Impact of Regional Financialization on the Upgrading of Industrial Structure:Taking Three Provinces and One Cityin the Yangtze River Delta as an Example

以金融发展促进我国产业结构的优化升级是当前经济发展的新常态。基于长三角区域2005—2017年省级面板数据,考察了区域金融化对产业结构升级的作用机制及其影响效应。研究结果表明:区域金融化水平的提升对地区产业结构转型升级具有显著正向促进作用;随着区域城镇化水平不断提高以及政府干预的加强,产业结构转型升级效率得到提升;外商直接投资对于产业结构优化呈现出阻碍作用。最后,基于上述研究结果,给出相应政策建议。

To promote the optimization and upgrading of China′s industrial structure with financial development is the new normal of current economic development.Based on the provincial panel data of the Yangtze River Delta from 2005 to 2017,this paper examines the mechanism and effect of regional financialization on the upgrading of industrial structure.The results show that:The upgrading of regional financialization level has a significant positive effect on the transformation and upgrading of regional industrial structure;With the continuous improvement of regional urbanization level and the strengthening of government intervention,the efficiency of industrial restructuring and upgrading has been improved;FDI hinders the optimization of industrial structure.Finally,based on the above findings,the paper gives corresponding policy recommendations.