Research Of The Financial Support To The Optimization Of Marine Industrial Structure

The 21 st century is the century of ocean.With the dramatical consumption of energy and resources on the land field,the ocean has become the last treasury resources that we depend on.So developing the marine economy has become a new growth pole for the sustainable growth of the national economy.Therefore,adjusting the marine industrial structure and occupying the commanding height of the marine economy are of great importance to grasp the dominance of future economy.Finance,as the “blood” of economy,has greatly promoted the optimization of industrial structure by guiding the flow and allocation of production factors,which has culminated a great consensus in academia.As the marine economy has some unique features,whether financial support could promote the optimization of the marine industrial structure is the focus content of the paper.The paper analyzes the mechanism of financial development to promote the optimization of marine industrial structure from five dimensions: capital formation,capital orientation,credit catalysis,risk management,and integration of industry and finance.By summarizing the status quo of finance and the marine economy in Guangdong province,we conclude that the marine industrial structure of Guangdong province has been optimized and that finance plays an important role in this process.And then,the paper makes an empirical analysis about the influence of financial scale,financial structure and financial efficiency on the Marine industrial structure in Guangdong province.Co-integration test and Granger causality test indicate that there exists a long-term stable relationship and Granger causality between marine industrial structure optimization ratio and financial development ratio.The multivariate regression analysis shows that the expansion of financial scale has a positive effect on the growth of the marine industry,especially the marine primary industry.The improvement of securitization has a negative impact on the marine primary industry,but promotes the marine second and third industry actively.The improvement of deposit-loan conversion efficiency has a negative influence on the development of the second and third industries.Based on the empirical results,referring to the mechanism of financial development and the problems in financial support to the optimization of the marine industrial structure,the paper constructs a financial system from four perspectives: financial supply,financial innovation,financial guarantee,and financial service,and makes some specific policy recommendations.