A Research Into The Correlation Between Financial Development And Industrial Structure Optimization In Xinjiang

In recent years, in the strategy of the west development policy support and the implementation of the Xinjiang advantageous resources transformation strategy, the industrial structure of Xinjiang area is steadily optimization, but some problems also emerge. The industry development mode that mainly rely on heavy industrialization has been unable to adapt with the requirements of current economic development. Generally speaking, there is plenty of factors affecting the optimization of industrial structure, but the financial factor is crucial for the optimization of the industrial structure.This paper includes theoretical analysis and empirical analysis. Theoretical study mainly includes the following two aspects: firstly, defined related concepts and summarized the related theory, this paper analysis how financial development and industrial structure optimization effect each other in Xinjiang; secondly, a number of statistical charts are used to describe present situation of Xinjiang financial development and optimization of industrial structure.In the empirical study, using the related data of 1978-2013 years in Xinjiang to create indexes and adopts the method of cointegration test and Grainger causality test. The conclusion shows that: there is a long and stable relationship between Xinjiang financial development and optimization of the industrial structure, the development of the financial scale has a positive effect on the optimization of the industrial structure,and it is also the one-way Grainger reason to upgrade the industrial structure,while financial efficiency on the optimization of industrial structure has a negative effect, the optimization of the industrial structure is one-way Grainger reason of financial efficiency.Finally, based on the results of theoretical research and empirical research, combined with the actual situation of Xinjiang, some relevant policy suggestions are given.