European Journal of Accounting, Auditing and Finance Research (EJAAFR)

EA Journals

Research on the Relationship between Financial Innovation and Industrial Structure Upgrading: Dynamic Empirical Analysis Based on Var Model

Abstract

This paper selects the relevant data from 1992 to 2011 to empirically analyse the relationship between financial innovation and industrial restructuring. The results show that the degree of financial innovation can promote the upgrading of industrial structure to a certain extent; and the degree of financial deepening is inefficient. It may even bring about the reverse expected effect. The higher the proportion of financial assets in GDP, the more likely it may be to hinder the adjustment and upgrading of industrial structure. This further proves that the funds brought by China’s financial innovation have not flowed more to the real economy, and have not met the funding requirements of enterprise development, and the conclusion that China’s financial market and industrial structure development are not coordinated.

Keywords: Financial Innovation, Industrial Structure, VAR Model

cc logo

This work by European American Journals is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 4.0 Unported License

 

Recent Publications

Email ID: editor.ejaafr@ea-journals.org
Impact Factor: 7.77
Print ISSN: 2053-4086
Online ISSN: 2053-4094
DOI: https://doi.org/10.37745/ejaafr.2013

Author Guidelines
Submit Papers
Review Status

 

Scroll to Top

Don't miss any Call For Paper update from EA Journals

Fill up the form below and get notified everytime we call for new submissions for our journals.