Research On The Relationship Between Financial Structure, Industrial Structure And Economic Growth

Since the reform and opening up, China's economic development advanced by leaps and bounds, known as the "China miracle" in the world. China's economic growth has become the focus of domestic and foreign scholars. The effect of financial structure and industrial structure on economic growth is becoming more and more obvious. In this paper, we treat the financial structure, industrial structure and economic growth as the object of a series of research.This paper starts with from the definition of financial structure and industrial structure. On the basis of the domestic and foreign literature, we analyze the interactive relationship between financial structure, industrial structure and economic growth. Financial structure through the allocation of funds to guide the sector restructuring, which impacts of industrial structure raising, and then have an important impact on economic growth. The upgrading of the industrial structure is bound to be accompanied by greater demand for financial products and services, and promotes the optimization of financial structure. The relationship between the three are inseparable. They promote each other. Secondly, the paper describes the development status of China's financial structure, industrial structure and the coordination between the two, and discusses the problems and contradictions between the financial structure and industrial structure according to the current situation. In empirical aspect, based on the production function of Cob Douglas, this paper studies the economic relationship between China's financial structure, industrial structure and economic growth by selecting the relevant data of China's 1990-2014 years to build a regression model. The main conclusions are as follows:The relationship between China's financial structure, industrial structure and economic growth are closely linked and mutual promotion. The adjustment and optimization of financial structure and industrial structure is very important to the economic growth. But at present China's financial structure and industrial structure development still exist many problems. The matching degree between financial structure and industrial structure is not high. So the spillover effect of financial structure optimization and industrial structure upgrading is not reflected in our country. The target of improving the financial structure and industrial structure is also a long way to go.