Research On The Influence Of Social Financing Scale And Structure On Economic Growth In The Yangtze River Economic Belt

As an important factor affecting economic growth,social financing scale and financing structure play an important role in supporting the development of real economy.In the process of economic development,is the larger the scale of social financing the better? How does it affect the economy? Does different financing structure have the same effect on economy? What are the differences in the impact of social financing scale and financing structure on the economy of different regions? What is the impact on the industrial structure of different regions? These problems are worthy of further discussion.The Yangtze River economic belt is the economic region with the longest span from east to West in China,including 11 provinces and cities.Its total economic volume accounts for 40% of the total national economic volume,but there is a certain gap in the economic development level of each province.This paper takes the Yangtze River economic belt as the research object,studies the influence of social financing scale and structure on its economic growth and industrial structure,and provides reference for promoting the economic development and industrial structure upgrading of the Yangtze River economic belt,which has certain theoretical and practical significance.This paper first expounds the research background and significance,combs the domestic and foreign literature about the scale and structure of social financing,the impact of the scale and structure of social financing on economic growth,and the impact of the scale and structure of social financing on the upgrading of industrial structure,and clarifies the research ideas,research contents and research methods of this paper.Then it analyzes the theory and mechanism of the influence of social financing scale and structure on economic growth and industrial structure.Then,using the economic data published by the government,the paper analyzes the scale and structure of social financing,consumption,investment,export and industrial structure in detail.On this basis,the relevant quarterly data of 11 provinces and cities in the Yangtze River economic belt from 2014 to 2017 are selected,and the Yangtze River economic belt is divided into three regions: the Yangtze River Delta city group,the middle reaches of the Yangtze River city group and Chengdu Chongqing city group.Using the static panel regression model,the impact of social financing scale and structure on economic growth and industrial structure of the Yangtze River economic belt is empirically analyzed.The results show that:(1)from the perspective of economic belt as a whole,only the scale of social financing has a significant role in promoting the upgrading of industrial structure of the Yangtze River economic belt,indicating that the Yangtze River economic belt is in the process of industrial transformation,and social financing has a significant role in supporting new and high-tech industries;(2)From the perspective of the three regions,the social financing scale of urban agglomeration in the middle reaches of the Yangtze River plays a positive role in promoting the industrial structure,which shows that its capital utilization efficiency is high and its industrial transformation is relatively successful;The empirical results of Chengdu Chongqing urban agglomeration are similar to those of the Yangtze River economic belt,indicating that it is also in the process of industrial transformation;The influence of social financing structure on economic growth,the influence of social financing scale and structure on industrial structure upgrading are not significant in the Yangtze River Delta urban agglomerations,which may be due to the fact that although the overall annual growth of regional financing is decreasing quarter by quarter,its capital utilization is greatly affected by financial supervision and quarter by quarter.Finally,the paper summarizes the whole paper and puts forward some suggestions based on the empirical analysis results.