The Nonlinear Relationship between Financial Development and Industrial Structure Upgrading——An Empirical Analysis Based on Threshold Methodology
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Abstract Industrial structure upgrading is the only way to achieve China’s economic growth and sustainable development. For this, based on the threshold of Hansen model, with the level of financial development as the threshold variables, the relationship between financial development and industrial structure upgrading in China was studied. The results show that: (1) there is a nonlinear relationship between financial development and industrial structure upgrading. Under the different level of financial development, the promoting to industrial structure upgrading is different, showed up inverted u-shaped trend. (2) The forms of nonlinear relationship between financial development and industrial structure upgrading changes on the regional. The level of financial development are lower in the central and western region, the promoting effect are more obvious; the level of financial development is higher in the eastern region, the promoting effect even smaller.
DAO Ai-Ping,XU Jun-Chao. The Nonlinear Relationship between Financial Development and Industrial Structure Upgrading——An Empirical Analysis Based on Threshold Methodology. Economic Survey, 2016, 33(2): 084.
2016, Vol. 33 
