Abstract:
For the imbalance of industrial structure in New-Normal period, by using the panel data from 1997 to 2011, this article analyzes the relationship between credit system ownership discrimination and industrial structure optimization, and the results find that the credit system ownership discrimination not only restricts the industrial structure rationalization, but also inhibits the industrial structure sophistication. As a result, the credit system ownership discrimination has dual efficiency loss. In addition, to control the endogenous problem, we reestimate the relationship between the two, and the result is also verified, which indicates that it would be beneficial for the industrial structural optimization when we eliminate the credit ownership discrimination and build an equal and reasonable financing environment.