Research On The Influence Of The Financial Support To The Upgrading Of Industry Of Guangdong

Since the reform and opening up, at the background of the rapid economic growth andthe booming financial industry in Guangdong, Guangdong’s industrial is also constantlyadjust and optimized. Guangdong Province, the second increase in the value of the tertiaryindustry’s share of GDP already greater than the increase in the proportion of the value of theprimary industry, and the proportion of primary industry has constantly declined. Since thereform and opening, industrial technology progress of our country is slow, and thecontribution rate of technological progress on economic growth is low and financial support isrelatively insufficent. Therefore, it is nessary to combine the mechanism and countermeasuresof financial and technological progress. With the deepening of the financial system and thedevelopment of social economy, the role of financial support for technological progress willbecome increasingly apparent.Through the research paper is to analyze whether financialdevelopment affects the extent of Guangdong, Guangdong industrial structure upgrading animpact, how does it impact and influence in the end how the other issues, in order to obtainthe corresponding revelation, to further improve the development of the financial industry inGuangdong Province, to promote optimize the industrial structure upgrading of GuangdongProvince, to provide new measures proposed for economic growth.Firstly, introduces the meaning and the related theory of financial development andindustrial structure.From the theoretical level of the effect of financial development on themechanism of action of the upgrading of the industrial structure is analyzed. The upgrading ofthe industrial structure theory and financial development combining in-depth study of themechanism of financial development promoting the upgrading of industrial structure.Secondly, on the financial development to promote the upgrading of the industrialstructure of Guangdong empirical study. Based on statistical 1999—2013 Meter data, throughan analysis of the unit root test, Co-integration analysis and Grainger causality test, verify theGuangdong financial development on the causal relationship between the upgrading ofindustrial structure.And then, analysis how the financial system effects the industrial technologyprogress.Selecting the manufacturing data from 2005 to 2013 of guangdong province, thispaper makes the empirical analysis between the financial support and industrial technologicalprogress.Finally, analyzes the existing problems in the development of Guangdong finance, andon this basis, put forward specific policy recommendations. These special measures are ofmuch significance to optimize the industrial structure in Guangdong Province,to promoteeconomic growth and to ensure durative and steady development of the whole nationaleconomy...