| The lack of economic growth momentum caused by the depletion of traditional energy sources and environmental degradation is a common problem that needs to be solved urgently in the economic development process of countries around the world.In 2015,China proposed a new and old kinetic energy conversion idea,through the upgrading of the industrial structure,the "new kinetic energy",such as new technologies,new formats,and new models,was used to replace the "old kinetic energy" with high energy consumption,high pollution,and low output."In order to promote the next round of economic growth.The inherent requirement for the conversion of old and new kinetic energy is the upgrading of the industrial structure,which cannot be separated from the development of finance.Based on the summary of existing research results,this paper analyzes the interaction mechanism between financial development and the upgrading of the industrial structure.Based on the background of new and old kinetic energy conversion,the relevant data of Inner Mongolia Autonomous Region from 2000 to 2018 are used to describe the financial development and The current status of the industrial structure;the four indicators of financial development scale,financial development efficiency,industrial structure optimization rate,and industrial structure upgrading rate are used to construct a four-variable VEC model to verify the interactive relationship between the financial development and the upgrading of the industrial structure of the Inner Mongolia Autonomous Region.According to the characteristics of the Inner Mongolia region,corresponding policy suggestions are proposed from the two directions of financial development and the upgrading of the industrial structure.The research conclusions of this article: the financial development of Inner Mongolia has the problems of small scale,slow speed,irrational financial structure,and uncoordinated regional development;the development of industrial structure has imbalances in the proportion of employees in the three industries,and the lag in the development of emerging services.The expansion of the financial development scale and efficiency improvement in Inner Mongolia has a significant promotion effect on the upgrading of the industrial structure,but it has a weak inhibitory effect on the optimization of the industrial structure;the upgrading of the industrial structure has a weak promotion effect on the expansion of the financial development scale and the improvement of the efficiency.The expansion of scale has a promoting effect,but it has a weak inhibitory effect on the improvement of financial development efficiency.Policy recommendations in this article: In order to achieve a positive interaction between financial development and the upgrading of the industrial structure in the Inner Mongolia Autonomous Region,and to better accelerate the process of the conversion of old and new kinetic energy in the region,we should start from the following aspects: expand the scale of financial development and improve the efficiency of financial development;Scientific and efficient financial service system;accelerating the transformation and upgrading of agriculture and animal husbandry,encouraging the development of emerging industries in the secondary industry,and vigorously developing emerging services;activating private capital in the upgrading of industrial structure enhancement. |
