| Financial industry as an important part of modern economy,affects a country’s overall economic development level and the adjustment of economic structure.On one hand,the financial industry itself is a significant part of the third industry,the development of the financial industry has key influence on the industrial restructuring;On the other hand,the financial industry can take advantage of its own media status,to guide,the capital flow to different areas,different industries,different sectors of the economy by absorbing the social idle funds,to facilitate the rational allocation of production factors in whole society,to promote rationalization and the optimization of the industrial restructuring indirectly.The article based on the theory and mechanism of financial development and industrial restructuring,analysis of different financial development influence on the mode of industrial restructuring of the developed countries,and giving consequence after combining the finance development in Beijing-Tianj in-Hebei region and the present situation of the industrial restructuring.Empirical analysis of the finance development effects on the industrial restructuring in Beij ing-Tianj in-Hebei region as the research object,with rationalization and optimization indicators of industrial structure as dependent variable,and financial development related indicators as independent variable,in addition,using the data from 2006-2016 of Beijing-Tianjin-Hebei region to build a panel model for research,the results showed that the improvement of financial development scale is conducive to the rationalization and optimization of overall industrial structure in Beijing-Tianjin-Hebei region,and the improvement of financial development efficiency promotes the structural rationalization of Beijing-Tianjin-Hebei region;however,it is disadvantageous to the industrial structure optimization.The improvement of financial structure development can promote both the rationalization and the optimization.However,different financial development targets have various influence to industrial structural rationalization and optimization for Beijing-Tianjin-Hebei region.Finally,in order to improve the financial development mechanism,promote the financial function of pushing industrial structural rationalization and optimization in Beijing-Tianjin-Hebei region,the paper has given policy suggestions regarding the aspects from financial cooperative mechanism,financial cooperative development mechanism,reasonable adjustment of credit structure,expanding financing channels,enhance regional financial services to prevent financial risks based on experimental results,combined with the experience of advanced countries and the reality of Beijing-Tianjin-Hebei region. |
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