Research On The Influence Of The Matching Degree Of "Financial Structure And Innovation Capability" On The Rationalization Of Industrial Structure

The report of the 20th National Congress of the Communist Party of China pointed out that "high-quality development is the primary task of comprehensively building a socialist modernized country".China has entered a stage of high-quality development,and the trend of optimizing and evolving industrial structure is becoming increasingly evident,which has a more significant impact on improving the high-quality development of the economy.However,China’s industrial development still faces problems such as unreasonable factor distribution,imbalanced industrial proportion,low input-output ratio,and insufficient driving force for the development of emerging industries.These problems seriously hinder the pace of high-quality economic development in China.The theory of new structural economics holds that the optimal financial structure and optimal innovation structure are not eternal for the economic development of different countries and regions.Due to the different stages of economic development in various countries and regions,the quantity and structure of factor endowments are not entirely the same.The types of risks and comparative advantages contained in their industrial structure also have diverse characteristics for financial services and innovation models,which determines the phenomenon of differentiation in the optimal financial structure and innovation structure.The technological innovation model determines the types and characteristics of risks in different countries and regions,indicating the theoretical possibility of matching "financial structure and technological innovation capability" in risk diversification,income distribution,information processing,and other aspects.At the same time,the full utilization of market mechanisms contributes to the rational flow and efficient allocation of resource elements,and has a positive regulatory effect on the rationalization of industrial structure.This article first sorts out and analyzes the research results of the academic community,and theoretically explains the dynamic matching phenomenon between financial structure and technological innovation ability.It also sorts out the impact mechanisms of financial structure and technological innovation ability on industrial structure,and then proposes the matching degree of "financial structure and technological innovation ability" and research hypotheses for the rationalization of industrial structure.Through empirical research,the impact of matching degree and rationalization of industrial structure,as well as the positive regulatory effect of marketization level,has been obtained.Based on the above theoretical and empirical results,this article proposes suggestions to continue promoting the reform of the financial system,constructing a dynamic evaluation and monitoring system for matching,and collaborating with "effective markets" and "promising governments".