Abstract：In view of the dynamic effect of financial development on the upgrading of the industrial structure in Shandong Province, the VAR model is used to analyze the data from 1979 to 2014. The results show that: there is a long-term stable co-integration relationship between financial development, industrial structure rationalization and industry structure, but there does not exist a two-way Granger causality. Between financial development and upgrading of the industrial structure, the benign and interactive development mechanism doesn’t form. In the short term, the expansion of the financial scale can promote the upgrading of the industrial structure, but there are delays and long-term lack of impetus and other issues and the improvement of financial efficiency can not promote industrial structure upgrade whether in the short or in a long term. In Shandong Province financial capital allocation efficiency is low due to the financial resources mismatch, which is where the root cause of this phenomenon.
齐红明,季莎莎. 山东省金融发展对产业结构升级的动态影响——基于VAR模型的实证分析[J]. 辽宁工程技术大学学报(社会科学版), 2017, 19(2): 153-159.
QI Hongming, JI Shasha. An empirical analysis of dynamic impacts of the financial development on industrial upgrading
——based on VAR model in Shandong Province. Journal of Liaoning Technical University), 2017, 19(2): 153-159.