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The Research On The Financial Supporting Policy For The Optimization Of The Industrial Structure

Posted on:2011-12-26Degree:MasterType:Thesis
Country:ChinaCandidate:Q Y RenFull Text:PDF
GTID:2189360338985967Subject:National Economics
Abstract/Summary:PDF Full Text Request
The up-grading of industrial structure is a very important aspect in the industrial restructuring. At the same time, the further technology advances is the fundamental driving force. Whether national or company under the auspices of self-advancing technological progress, it will require substantial financial support. Under the perfect financial markets and financial system, on the one hand, it can give the funds to the quality, technical feasibility and market potential of the enterprise and projects through the development of the implementation of such policies and preferential loans, commercial loans, policy guarantees financial policies.On the other hand, it can promote the industrial technology upgrading of the structure and high-tech enterprises by encouraging financial institutions to establish and develop various kinds of venture capital sources to deal with the technical development of the financial difficulties. From the financial and structural relations, upgrading the use of capital structure changes in the structure determines the output, while output structure reflects the distribution of funds. The financial system can promote the industrial structure through the mechanism of the funds, the guiding and catalytic mechanism of credit, changing the capital supply and distribution structure. To sum up, the financial plays an important role in the industrial structure adjustment.If no financial resource's participation and supporting, it would be no adjustment of industrial structure and improvement. Therefore, adjustment of industrial structure in the analysis of financial factors, have important practical significances.In this article, a reference for domestic and foreign economists, financial development and industrial restructuring on the research results, combined with the theoretical knowledge, the use of combined qualitative and quantitative analysis methods, the development of China's financial industry and the industrial structure between An Empirical Study of the relationship. On financial development and structure of the variable data stationary unit root test basis, through co-integration analysis, vector error correction model, and Granger causality test to examine the financial development and industrial upgrading exist between the short-term fluctuations and long-term equilibrium relationship, and based on empirical results, the corresponding financial support policy.
Keywords/Search Tags:industrial structure adjustment, financial development, co-integration analysis, granger causality test
PDF Full Text Request
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