Research On The Synergistic Effect Of Financial Development And Industrial Structure Optimization

In recent years,China’s economic development is in a critical period of transformation.Developing the real economy,which was proposed vigorously by the 18th National Congress of the Communist Party of China,can help optimize the industrial structure and promote economic transformation.The fifth Plenary Session of the 19th CPC Central Committee proposed to continuously promote the optimization of industrial structure,aiming to use financial services to accelerate the adjustment of industrial structure,so the financial reform will be further deepened.According to theories related to finance and industrial development,there is a mutual influence between financial system and industrial structure development,and there is synergistic effect between the two systems.Based on the above background,this thesis analyzes and evaluates the synergistic effect between the development of China’s financial system and industrial structure optimization in recent years,which has certain practical significance and theoretical value for accelerating social and economic transformation,promoting industrial optimization and improving the service capacity of the financial system.Firstly,this thesis analyzes the synergistic effect of financial development and industrial structure optimization based on theoretical basis,and sorts out relevant literature to provide research direction for empirical research in the following thesis.Secondly,this thesis introduces the domestic financial development and industrial structure optimization,uses the provincial panel data from 2008 to 2020 to build a synergistic effect model to evaluate the current development of the synergistic effect of the two systems in China,and uses the spatial econometric method to investigate the spatial characteristics of the coordinated development of financial development and industrial structure optimization.According to the empirical results,since 2008,the level of synergistic effect between provincial financial development and industrial structure optimization in China has gradually increased.By 2020,most provinces have not reached the stage of high-quality coordination,among which the eastern region has entered the stage of coordination,while the western region is still in the stage of uncoordination,with significant differences between the east and the west.On the one hand,30 provinces and cities in China were selected as research samples and compared by region.The average level of synergistic effect in the eastern,central and western regions of China decreased successively,and a good coordinated development mechanism was not formed in general.Relevant departments still need to formulate solutions according to the actual conditions of provinces and cities,and constantly speed up the construction of a mechanism for the coordinated development of finance and industry.On the other hand,by using spatial analysis method,this thesis verifies that the coordinated development of financial development and industrial structure optimization in China has a positive spatial correlation,but at present,the characteristics of spatial correlation are mainly manifested in low and low agglomeration,while the characteristics of high agglomeration are not prominent.The innovations can be summarized as follows:First,previous scholars mostly studied the influence channels or support functions of finance on industrial structure,but this thesis analyzes and evaluates the coordinated development relationship between the two systems based on the background of supply-side reform and the perspective of synergistic effect,which has certain theoretical and practical value.Second,most previous studies only consider the reasonable and advanced industrial structure.In this thesis,the optimization level of industrial structure is comprehensively measured,not only considering the rationalization and advanced industrial structure ability,but also the advanced and green industrial structure ability.The evaluation index system is comprehensive.Thirdly,previous scholars mostly choose panel threshold model,time series model or grey correlation degree to study the nonlinear relationship between two systems,but these methods cannot clearly determine the level of synergistic effect between two systems.In this thesis,the coordinated development stage of the two systems can be accurately judged by constructing the coupling coordination model,and the evaluation method is objective and scientific.