EconomicGrowthan...

Economic Growth and Interaction between

Financial and Industrial Structure - Empirical Analysis on Provincial Panel Data

Fangying Yao[1]

【期刊名称】《《经济管理学刊：中英文版》》 【年(卷),期】2019(008)001

【摘要】In recent years, China''''s economic growth speed has been slowing down, leading to the problems of overcapacity and unbalanced regional economic development, and the mismatch between industrial and financial structure is becoming intense. Therefore, this paper, starting with the relationship among economic growth, industrial structure and financial structure, summarizes the research by the former scholars. On this basis, by using data of 31 provincial panel data in China from 2007 to 2016, the article aims to find out the relationship between the industrial structure and economic growth, the relationship between the financial structure and economic growth and the relationship between the interaction of financial and industrial structure and economic growth. Finally, the corresponding policy recommendations are obtained following the systematical empirical conclusions. The conclusions of this paper are as follows:(1) developing indirect financing mode can effectively drive China''''s economic growth.(2) continuing to develop the second industry can play a