TITLE:
Analysis of Influencing Mechanism of Banking Market Structure on Industrial Structural Upgrading
AUTHORS:
Wenxuan Pan
KEYWORDS:
Banking Market Structure, Industrial Structural Adjustment, Technological Progress, Financing Restraint Looseness
JOURNAL NAME:
Open Journal of Social Sciences,
Vol.5 No.4,
April
19,
2017
ABSTRACT: The change of banking market structure may finally influence of
development of various industries via guiding the allocation of capital
resources among industries. Based on panel data model and SYS-GMM estimation,
this paper surveyed the influence of change of Chinese banking structure on
industrial structural adjustment and then further explored the influencing
mechanism in it. The result showed that, under overall samples, the increased
proportion of non-state-owned banks in China not only is beneficial to the
reasonable development of industrial structure, but also can promote advanced
development; banking structure will influence the rationalization as well as
optimization of Chinese industrial structure
through technological progress and financing restraint looseness. The influencing
mechanism of technological progress is positive while the influencing mechanism
of financing restraint looseness on rationalization as well as optimization is
in the opposite.