基于金融资本视角讨论了金融发展促进产业结构优化的内在机制,并通过建立VAR模型实证检验了中国金融发展与产业结构优化的关系.研究表明,产业结构优化是产业结构向合理化和高级化同时演进的过程.在社会平均利润率规律作用下,金融资本最终会在各产业间均衡配置,实现产业结构高级化基础上的合理化.1952-2010年间,中国金融发展对产业结构合理化和高级化的促进作用具有明显的长期性和时滞性.改革开放以来,中国金融发展促进了产业结构高级化,但抑制了产业结构合理化.
From the perspective of financial capital, this paper discusses the internal mechanism that financial develop- ment promotes the optimization of the industrial structure. Using the VAR model, it then empirically analyzes their rela- tionship in China. Studies have shown that the optimization of the industrial structure is the process of evolution leading to simultaneous rationalization and upgrading. Affected by the law of social average profit, financial capital will eventual- ly be allocated in a balanced way, resulting in the rationalization on the basis of the upgrading of the industrial structure. In the period ranging from 1952 to 2010, Chinese financial development promotes the rationalization and upgrading of the industrial structure with a significant long - term and time - delay nature. Since reform and opening up, it has promoted the upgrading of the industrial structure but inhibited its rationalization.