The Effect Analysis Of Financial Industry Structure Evolution On Employment In Jiangxi Province

The two issue of finance and employment has always been the focus of the policy makers and scholars.In recent years,In recent years,Jiangxi Province has fully utilized its own advantages and gradually developed and expanded the financial industry,which is reflected in the steady growth of total loans,the optimization of the financial industry structure and the credit structure.The ability of financial services to the economy has continued to increase.However,Compared with developed regions,The development of the financial industry structure in Jiangxi Province also has obvious lag characteristics and structural problems.As the development of the financial industry can significantly promote the growth of employment,it can not only directly bring about the growth of employment in the financial industry,but also indirectly lead to an increase in social employment through the role of economic growth,industrial structure optimization,urbanization,marketization and technology.Therefore,in this case,we should accelerate the development of the financial industry in Jiangxi Province,enhancing the overall strength of the financial industry,promoting the optimization and adjustment of the financial industry structure,and play the role of employment promotion in the evolution of the financial industry structure.This paper focus on the relationship between industrial structure and employment,introducing the the direct and indirect employment effect transmission mechanism of financial industry structure.then analyzes the process,current situation and existing problems of the evolution of financial industry structure in Jiangxi Province and the direct employment effect of financial industry development.On the basis of foregoing analysis,A comprehensive index of financial industry structure in Jiangxi Province was constructed by using principal component analysis based on the time series data of Jiangxi Province from 1997 to 2017.Then establish an empirical model,and empirically study the relationship between employment in the financial industry and the level of structural evolution of the financial industry by using cointegration regression,error correction model and Granger causal analysis.Finally,establish the VAR model of financial employment and each sub-indicator,which in the comprehensive index system of financial industry structure evolution level.Through the analysis of variance decomposition,we can acquire the effect results of various indicators in the comprehensive index of financial industry evolution on employment in the financial industry.The empirical results show that the evolution of financial industry structure has a significant positive effect on total employment.Among them,the development of insurance and securities market and the improvement of banking efficiency are important factors affecting the employment of financial industry in Jiangxi Province,and the effect on employment growth is obvious.Finally,on the basis of sorting out the previous article,several policy recommendations are proposed for the employment growth effect of the optimization of financial industry structure in Jiangxi Province.