摘要
选取安徽省2010—2017年相关变量的季度数据建立VAR模型,并运用脉冲响应分析,探求在供给侧改革背景下,股权融资、债券融资和商业银行贷款对安徽省产业结构升级的影响。研究表明,债券融资对安徽省产业结构的影响很大且持续时间很长;商业银行贷款对安徽省第三产业占比具有显著的负效应;股权融资虽然不是引起安徽省产业结构升级的主要原因,但其在短期内对安徽省第三产业内部结构的优化有显著的正效应。对此,从融资角度对安徽省产业结构优化提出可行性建议。
Based on VAR model and impulse response,the paper makes an analysis on the quarterly data of the relevant variables of Anhui Province from 2010 to 2017 to explore the effects of equity financing,bond financing and commercial bank loans on the upgrade of the industrial structure in Anhui Province in the background of the supply-side reform.The result shows that bond financing has a remarkable and longlasting effect,commercial bank loans has a negative effect on the proportion of the third industry,and in a short term,equity financing has a positive effect on the optimization of the industrial structure.The paper makes feasible suggestions for the optimization of the industrial structure in Anhui Province from the perspective of financing.
作者
钱浩
QIAN Hao(School of Finance,Anhui University of Finance and Economics,Bengbu,Anhui 233000,Chin)
出处
《河北北方学院学报（社会科学版）》
2018年第2期83-88,共6页
Journal of Hebei North University：Social Science Edition
关键词
安徽省
产业结构
融资方式
脉冲响应分析
Anhui Province
industrial structure
financing form
impulse response analysis
