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Jiangxi Industrial Structure Adjustment and Financial Development Interaction

Author: DengGuangYa
Tutor: TangTianWei
School: Jiangxi Normal University
Course: Industrial Economics
Keywords: Jiangxi Industrial restructuring Financial Development Interaction
CLC: F832.7
Type: Master's thesis
Year: 2011
Downloads: 84
Quote: 0
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Abstract


Finance is the intermediation of funds , is the core of the modern market economy . Financial development is to promote sustained and rapid development of China's economy the main driving force , has been a strong support to China's economic construction . Changing industrial structure as an important indicator of economic development , expansion compared to the total economy , the optimization and upgrading of industrial structure is determined by a State or a regional economic development, quality, efficiency and sustainability. To achieve the optimization and upgrading of industrial structure , the effective need for financial support, and the optimization and upgrading of industrial structure is bound to raise more on the financial sector , higher demand for services for the development of the financial sector to provide continuous power , so as to promote the development of the financial sector , sustainability and effectiveness of financial development to become an important guarantee . Interaction between the two , making the financial system continues to evolve, constantly upgrading and improving the industrial structure . Jiangxi is a typical underdeveloped areas , irrational industrial structure and financial developments lag coexist . In this paper, the VAR model through the Granger causality test found that the process of economic development in Jiangxi Province , the industrial structure adjustment and financial development of effective interaction does not exist , the specific causes can be summarized as follows: First, Jiangxi financial development lags behind, unable to meet the financial supply industry restructuring effective demand ; Second, the industrial structure adjustment ineffective , resulting in a slow financial development and regional economic backwardness . Today, Jiangxi face \. In this paper, the various problems , propose accelerating innovation and technology industry to undertake the process of improving regional financial ecological environment , to develop small and medium sized financial institutions, regional policy recommendations .

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CLC: > Economic > Fiscal, monetary > Finance, banking > China's financial,banking > Local financial services industry
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