Industry Heterogeneity For Bank Loan Channel Inspection

This paper focuses on the bank credit channel effect of different industries due to their intustiral characteristics.Through founding the VAR models of Agriculture&Farming industry,Information industry and Real State industry,and testing impulse response, variance decomposition based on these VAR models, the response of industry scale to the bank credit scale can be tested.According to the empirical study,some conclusions can be found.firstly,the industry scale and the bank credit scale are Granger cause with each other. Secondly,the response time may be not the same between different industries,but all the three industres have positive responses. Thirdly,the bank credit can contribute to the changing of industry scale,but the contribution may not the same due to the intustiral characteristics.