Analysis on the Input-Output Relevancy between China’s Financial Industry and Three Major Industries

Jia-li Cai

International Journal of Economics and Finance, 2016, vol. 8, issue 7, 294

Abstract: Finance is the core of modern economy, which plays an important role of allocating the resources and regulating the economy. The input-output table of China in 2007 and 2010 will be integrated into a simple form which includes primary industry, secondary industry, tertiary industry and the financial industry in this paper. Through the analysis on the direct dependency, complete dependency, spread effect and intermediate input rate and output rate, this paper investigates the relevancy between China’s financial industry and three major industries. It is concluded that although China’s financial industry develops rapidly, its status and role in the national economy is not outstanding. And this paper gives some suggestions for the development of the national economy, including developing the tertiary industry, promoting the structure upgrade of secondary industry and speeding up the cultivation of financial talents to promote the development of the financial industry.

Date: 2016
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