Research On The Efficiency Of Financial Services To The Real Economy In Inner Mongolia

How to improve the development efficiency of financial services for the real economy in ethnic minority areas is one of the important problems perplexing the economic development of ethnic minority areas.With the deepening of reform and opening up,the financial industry in ethnic minority areas has gradually developed from the traditional planned financial industry to a diversified and comprehensive modern financial industry,which has provided a strong boost to the development of the real economy in ethnic minority areas.However,in the process of financial services and the development of real economy,there are still many related problems to be solved.Especially the economic development of ethnic minority areas has certain particularity.On this basis,it is very necessary to study the efficiency of financial services to the real economy,explore the influencing mechanism and various factors,and finally put forward more feasible countermeasures and suggestions.Firstly,this paper defines the concepts of financial industry and real economy.Its purpose is to clarify the concept of the efficiency of financial services to the real economy,and preliminarily analyze the mechanism of financial services to the real economy,so as to lay the theoretical foundation of the full text.On this basis,this paper combs and analyzes the current situation and problems of financial service real economy in Inner Mongolia Autonomous Region.It is concluded that there are four problems in Inner Mongolia Autonomous Region,such as "from reality to emptiness" caused by the excessive development of the financial industry,the financing channel of the real economy is still relatively single and lack of innovation,the financing difficulties of small and micro enterprises still exist,and the opening-up of the financial industry is still insufficient.On this basis,based on the panel data of Inner Mongolia Autonomous Region from2001 to 2020,the efficiency evaluation model of financial service real economy in Inner Mongolia Autonomous Region is constructed by using data envelopment analysis(DEA),and the efficiency value of financial service real economy in Inner Mongolia Autonomous Region is calculated by using the model,so as to compare the differences of financial service real economy efficiency of each league and city in Inner Mongolia Autonomous Region,By analyzing the interaction between various factors,the following conclusions are drawn:First,the efficiency of financial services to the real economy in Inner Mongolia Autonomous Region from 2001 to 2020 is still in a relatively good state.Two,despite the subprime mortgage crisis in 2008 and the COVID-19 in 2020,the Inner Mongolia Autonomous Region’s financial industry and the real economy did suffer a certain impact in a short time.However,the main factors that affect the efficiency of Inner Mongolia’s financial services entities still come from within.Third,the financial industry in Inner Mongolia Autonomous Region is still in the primary stage of development and needs to be adjusted in terms of scale and professionalism.Finally,we can improve the efficiency of Inner Mongolia’s financial services to the real economy by limiting the excessive expansion of the financial industry,increasing investment in education and scientific research,standardizing the government’s economic behavior and enhancing the openness of the region’s economy.