我国产业结构转型升级与金融结构关系研究

基于1997-2016年的统计数据,运用因子分析的方法提取出衡量金融结构发展的主要指标,并将产业结构转型升级划分为产业结构高级化与产业结构合理化两个层面,将其分别与金融结构指标进行协整检验和格兰杰因果检验,最后建立误差修正模型。实证结果表明,产业结构转型升级与金融结构之间存在因果关系,即促进产业结构转型升级对金融结构的发展具有支持作用,而提升金融结构总量也能对产业结构转型升级有积极的影响。

The Relationship between Industrial Structure Transformation and Upgrading and Financial Structure in China

Based on the statistical data of 1997-2016, this paper uses factor analysis method to extract the main indicators to measure the development of financial structure, and divides the transformation and upgrading of industrial structure into two levels: the upgrading of industrial structure and the rationalization of industrial structure, and carries out cointegration test and Granger causality test with the indicators of financial structure, respectively.And finally establish the co intergration model. The empirical results show that there is a causal relationship between industrial restructuring and upgrading and financial structure, that is, promoting industrial restructuring and upgrading can support the development of financial structure, and upgrading the total financial structure can also have a positive impact on industrial restructuring and upgrading.