An Empirical Study Of Financial Innovation And Industrial Restructuring

"The Belt and Road" strategy is an important guideline for the economic development in Shaanxi province,and it can effectively promote the development of social economy.With the continuous optimization of the economic structure in Shaanxi,the industrial structure began to transform and upgrade.The internal and external factors of the development of the financial industry have changed,and the change requires the support of financial resources.The emergence and development of financial innovation will promote the renewal of traditional industries and lead to the new industries existing in Shaanxi province.Therefore,the synergistic effect between financial innovation and industrial structure adjustment is very important.Due to the mid-and late-stage industrialization in Shaanxi province,the folk capital must flow between different industries,and it can upgrade the industrial restructuring and speed up the efficient allocation of financial resources which can help continuing to an increase amount.The thesis firstly tries to compare the financial innovation in Shaanxi province with the national average,and then uses the relevant data to realize the current situation of financial innovation and industrial restructuring.The purpose of the thesis is to find out the internal problems in Shaanxi.The main content of the thesis is divided into six parts,first of which is the introduction including the research background and significance etc.The second part is the literature review summarizing the literature of financial innovation and industrial restructuring to lay a solid theoretical foundation for subsequent research.The third part is the current situation analysis which analyzes the level of financial innovation and industrial restructuring in Shaanxi.Then the part is about the topic of synergistic effect for the mechanism of action,which provides the direct and indirect influences of the financial innovation and industrial restructuring.Financial innovation can be effected by consumer demand,the accumulation and configuration of capital,technical innovation and national macro industrial policy.And the four aspects can promote the industrial restructuring in Shaanxi province.In addition,the relationship between financial innovation and industrial restructuring is analyzed by using VAR model which is explained in a certain way.The thesis selects time series data to build the empirical model using the ADF test,cointegration test and granger causality test to analyze the topic.Finally,according to the results of theoretical research and empirical study,the thesis puts forward the corresponding policy suggestions.