上海管理科学Issue(1)：55-61,7.
中国金融市场结构与产业结构优化升级的关系研究
Study on the relationship between Chinese ifnancial market structure and industrial structure optimization and upgrading
摘要
Abstract
Based on the financial markets’ capital allocation function, this paper thoroughly studies the specific effects of different ifnancial market systems and their segments on the optimization and upgrade of industrial structure. Results show that China’s bank lending market has a positive promotional effect on industrial structure optimization and early-stage upgrade, but overall does not wield a very strong inlfuence over the development of high-technology industries and later-stage upgrade of industrial structure. Also there are no clear causal relationship between the bank lending market and the development of high-technology industry. The development of high-technology industries mainly rely on highly developed securities market and highly efficient financial systems, even can promote the development of the stock market. After the segmentation of the securities market, this paper ifnds that the stock market has a signiifcant promotional effect on the overall optimization and upgrade of industrial structure, especially the development of high-technology industries. On the other hand, the bond market just can promote the early-stage upgrade of industrial structure, the way it inlfuences the later-stage upgrade of industrial structure is different from the one of stock market.关键词
金融结构/产业结构/优化升级Key words
financial systems/industrial structure/optimization and upgrade分类
管理科学引用本文复制引用
林明华,杨朝军..中国金融市场结构与产业结构优化升级的关系研究[J].上海管理科学,2015,(1):55-61,7.基金项目
国家社科基金重大项目 （）
