Leng Yanli:Financial Development, Industry Structure and Economic Growth

Date of publication:2016-9-5There have been0A reader to read the article

Financial Development, Industry Structure and Economic Growth

Abstract    Based on panel data of China’s 31 provinces (cities and autonomous regions) from 2001 to 2012, this paper examines the influence of financial development and industry structure on China results show that the effect of financial development and industry structure on economic growth is significantly positive, namely improving financial development level is good for economic growth, and the role of secondary industry in promoting economic growth is more apparent.  Government expenditures, fixed-asset investment, infrastructure human capital and urbanization have a positive effect on economic growth. Through further analysis this paper also finds that although financial development and industry structure have a positive effect on economic growth, the two positive effects on economic growth will be restricted by each other to some extent.

 

This paper is published in Journal of Capital University of Economics and Business, No.5,2016.