E3S Web Conf.
Volume 235, 20212020 International Conference on New Energy Technology and Industrial Development (NETID 2020)
|Number of page(s)||6|
|Section||Industrial Technology Development and Industrial Structure Adjustment and Upgrading|
|Published online||03 February 2021|
Analysis of financial development and industrial structure transformation
Beijing Silverlight Investment Management Co.ltd., Floor 15, Fortune Financial Center, NO. 7, Dong Sanhuan Road, Chaoyang District
2 Beijing Silverlight Investment Management Co.ltd., Floor 15, Fortune Financial Center, NO. 7, Dong Sanhuan Road, Chaoyang District
3 Beijing Silverlight Investment Management Co.ltd., Floor 15, Fortune Financial Center, NO. 7, Dong Sanhuan Road, Chaoyang District
* Corresponding author: Allen Wang
This paper uses the relevant data from 2008 to 2017 to construct a multiple linear regression equation, and uses the generalized moment estimation model to explore the impact of financial development on industrial structure adjustment from the perspective of financial scale and efficiency. The results show that financial efficiency can promote the rationalization and upgrading of industrial structure, but the impact of financial scale on industrial structure is two-sided. Increasing financial scale can increase the amount of industrial financing and accelerate the process of industrial structure upgrading. However, blindly increasing the supply of loans will lead to the birth of bad investment, thus failing to promote the rationalization of industrial structure. Based on this, this paper puts forward some policy suggestions, such as promoting the diversified development of the financial industry, improving the imbalance of financial development in various provinces, promoting the reasonable investment structure and the development of high-tech industry, and giving full play to the role of the government.
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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