摘要
结构转型是当前我国面临的主要问题,在研究金融支持对于产业结构升级的基础上,将政府干预因素纳入研究框架。选取1990—2013年的各省数据,采用动态面板模型和面板门槛模型估计,验证在不同政府干预条件下,金融发展对产业升级的非线性关联。实证结果表明,金融发展对于产业升级影响存在明显的门槛效应,在较低的政府干预强度下,金融发展显著促进了产业结构的优化升级,促进效果随着政府干预程度的提高而增强,但是在政府过度干预的情况下,金融发展对于产业升级的促进作用明显减弱,政府干预对于金融支持产业升级的影响效应整体呈现抛物线趋势。
Based on the Chinese provincial data from 1990 to 2013, this paper analyses the financial impact on industrial development upgrading under different government intervention conditions by using dynamic panel model and threshold nonlinear estimation. The empirical results show that, financial impact on industrial upgrade has significant threshold effect, financial development significantly promotes upgrading of industrial structure at a low level of government intervention, and the influence further enhances with the development of government intervention, but financial impact on industrial upgrade significantly reduced under the excessive government intervention conditions, government intervention effects presents a parabolic trend.
出处
《区域经济评论》
2016年第1期105-112,共8页
Regional Economic Review
基金
山东省金融学会重点研究课题"欠发达地区的金融发展对产业结构调整的影响"(2015SDJR39)
关键词
政府干预
金融发展
产业升级
Government Intervention
Financial Development
Industrial Upgrading
