Financial Development,Technological Innovation And Industrial Structure Optimization

The 13 th Five-Year plan put maintain economic rapid growth,innovation-driven development,strengthen the coordinated development as the three main objectives of economic and social development,it also reflects the economic quality,and the synergistic extraction,transformation and upgrading of industrial structure in our country's urgent requirements.Throughout history,reform practice financial development as the core of modern economy development the power,directly promote the technological progress and innovation ability,and the adjustment of industrial structure optimization is closely connected with financial system strong support.Based on this,the domestic and foreign scholars both from theoretical and empirical aspects of financial development affects a lot of research on industrial structure adjustment,abundant research results have been achieved.But now with financial development,technology innovation and industrial structure optimization of the relationship between study is less,this article will finance development,technology innovation and industrial structure optimization into the same analysis framework,explores the financial development,technology innovation and industrial structure optimization of the mechanism of action of deep with each other,for further research on financial development,technology innovation effect on industrial structure optimization to provide necessary information and theoretical basis.Based on the 2000-2015 in our country(area)the panel data of 31 provinces and cities,from ordinary panel model and spatial panel model two angles for financial development,technology innovation for high-level rationalization of industrial structure,industrial structure effect of empirical test.The empirical results show that the financial development and the improvement of technology innovation can promote the rationalization of industrial structure,technology innovation,the higher regions,domino effect of financial development on industrial structure rationalization.High-level financial development of the industrial structure effect is not obvious,but the high-level technology innovation can significantly promote the industrial structure development,at the same time,in more than a certain critical value of technology innovation,financial development will also have positive effect on the fundamentals of industrial structure.In addition,this paper also found that financial development and technical innovation has spatial spillover and adjacent areas of financial development scale,improve technology innovation can improve the rationalization ofindustrial structure in the region,and the adjacent areas of financial development scale,the more high-level conference inhibit the region industrial structure,but adjacent areas upgrading the technology innovation will improve the high-level industrial structure in the region.Mechanism based on the theory and empirical analysis of the results,in order to be able to make financial development on the scale,structure and efficiency to realize the organic unity,fully connected with technology innovation,better promote the adjustment of industrial structure upgrade,put forward four policy recommendations: the deepening the reform of financial liberalization,play the leading role of technological innovation,pay attention to the coordinated development of regional economy and finance,strengthen the linkage of the financial and other factors.