Research on the Influence of Financial Development on Industrial Structure Upgrading

Nan Li () and Xiaojun Jia ()
Additional contact information
Nan Li: Beijing Jiaotong University
Xiaojun Jia: National Academy of Economic Security, Beijing Jiaotong University

A chapter in IEIS 2023, 2024, pp 98-112 from Springer

Abstract: Abstract China's economic development has shifted from high-speed and steady growth to a new stage of maintaining high-quality development. In fact, financial development can effectively promote industrial upgrading, specifically, financial development can improve industrial efficiency by promoting the support of modern service industry to manufacturing, and financial development is the foundation and core of building a modern market economy.“ Based on this, this paper selects 30 China from 2010 to 2019 The macroeconomic indicators of provinces (municipalities and regions) are used to construct a panel model, and the financial development indicators are decomposed into three indicators, such as financial scale, financial efficiency and financial structure, and the upgrading of industrial structure is decomposed into two sub-indicators of advanced and rationalization of regional industrial structure, and the direct impact mechanism of financial development on industrial structure upgrading is systematically studied. The following is the conclusion: for a very long time, the development of finance have had a significant impact on industrial structure, with the impact of financial efficiency and financial structure being greater. From this, it is proposed to reasonably control the scale of the financial market and guide the flow of bank credit; Build a diversified financial service system for the corporate sector and improve financial efficiency; Accelerate the construction and development of the financial service system, increase the level of industrial structure simplification in the region and support the high-quality growth of the local economy.

Keywords: financial development; industrial upgrading; High-quality economic (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:lnopch:978-981-97-4137-3_9

Ordering information: This item can be ordered from
http://www.springer.com/9789819741373

DOI: 10.1007/978-981-97-4137-3_9

Access Statistics for this chapter

More chapters in Lecture Notes in Operations Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().