Research on the Impact of Financial Development on Industrial Structure Upgrading: Evidence from China’s Provincial Panel Data
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Keywords

Financial development
Rationalization
Optimization
Equalization

DOI

10.26689/pbes.v5i6.4480

Submitted : 2022-11-07
Accepted : 2022-11-22
Published : 2022-12-07

Abstract

On the basis of analyzing the mechanism of the impact of financial development on industrial structure upgrading, this paper comprehensively considers the state of the industrial structure among provinces from three dimensions: rationalization, optimization, and equalization. This research finds that financial development promotes the rationalization and optimization of industrial structure but has no significant effect on the equalization of industrial structure.

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