Research On The Mechanism And Effect Of Fiscal Policy On Promoting The Industrial Structure Optimization Of Hubei Province

After the reform and opening up,In order to Promote the development of the three industries,China Accelerate the adjustment and upgrading of the industrial structure,And then,The industrial structure has been improved obviously with the improvement.But with China's economy entering a new normal state,Economic growth is slowing down,and appear the pro'blem of the disharmony between the three major industrial structures and the economic and social.The problem of industrial structure distortion is becoming more and more prominent,This seriously affects the economic growth of our country.Conversely,Slow growth of economy will result in insufficient power of industrial structure transformation and upgrading.At present,Hubei province is in the stage of transition from the middle period of industrialization to the later stage.There is an obvious improvement in the industrial structure.For the Economic growth,The contribution rate of the three major industries continues to increase.Some industries have realized integration and development.But the industrial structure still exists the problem of evade the crucial point The proportion of the second industry is too large,The proportion of the third industry and the basic industry is small.At the same time,the development of industry is mainly based on resources and labor intensive industries.The proportion of capital and technology intensive industries is small.And fiscal policy is macro-control means of industrial structure adjustment in china.the policy has a significant positive effect to promote the optimization and upgrading of industrial structure.Therefore,In order to promote the rationalization of the industrial structure,the corresponding fiscal policy must be formulated.This paper draws on the research results in the related fields.The research objectthe research object is the present situation of financial policy and industrial development in 14 cities of Hubei Province.In combination with fiscal policy of the related theories of industrial structure adjustment,The mechanism of action is analyzed while the multiplier effect of fiscal policy,the policy of fiscal expenditure and the policy of tax promote the industrial structure.Then,the present situation and existing problems of industrial development in Hubei province are analyzed.the current fiscal revenue policy of promoting the adjustment of industrial structure in Hubei is analyzed.The problems of fiscal expenditure policy and two policies in the adjustment of industrial structure adjustment.Then,On the basis of collecting the sample data of fiscal revenue,fiscal expenditure and the three parts of the three major industries,2007-2015,On the basis of measurement of industrial adjustment index by sample data and industrial structure measurement,I test fixed effect and random effect on sample data by Hausman test.Finally,By the regression equation of panel data in Econometrics,I calculate the actual effect of the financial revenue and financial expenditure on the optimization of industrial structure in Hubei province.It is concluded that financial expenditure and fiscal revenue have a significant impact on the optimization of industrial structure,But there is still a problem of insufficient contribution.Finally,Being combined with the results of empirical and theoretical analysis,The fiscal expenditure policy of promoting the optimization of industrial structure is put forward respectively,The fiscal expenditure policy of promoting the optimization of industrial structure is put forward respectively,Promoting the optimization of industrial structure is put forward relevant policy measures.