Journal of Guangxi Teachers Education University (Philosophy and Social Sciences Edition) ›› 2017, Vol. 53 ›› Issue (2): 60-68.doi: 10.16088/j.issn.1001-6597.2017.02.010

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Financial Development, Marketization Level and Upgrading of Industrial Structure ——Empirical Analysis Based on Provincial Panel Data in China

HUANG Qi-Xin   

  1. Lijiang College, Guangxi Normal University, Guilin 541006, China
  • Received:2016-11-25 Online:2017-03-20 Published:2018-07-16

Abstract: Under the circumstance of China's new normal, promoting economic restructuring and upgrading is a matter of great urgency.Taking it all round, China’sfinancial development and marketization level exert a positive effect on upgrading industrial structure, and, geographically, the results of the eastern and western regions are basically consistent with the national region. The regression coefficient of the western part is small, and the financial development of the central region exert a negative effect on upgrading industrial structure, which proves that the level of marketization has a positive influence on the upgrading of industrial structure but the level of significance is relatively low. Through empirical analysis,this paper mainly verifies the theoretical analysis and the research hypothesis, and the different regression results of the eastern and western regions indicates the characteristic of spatial disproportionality on China's development. Therefore, in the formulation of regional development policy, the relevant departments are supposed not only to maintain global awareness but also to pay attention to regional disparities, guaranteeing the scientificity and comprehensiveness of the policies.

Key words: financial development, marketization level, upgrading of industrial structure

CLC Number: 

  • F124
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