中文摘要：

本文以我国2000-2008年28个省市数据为样本,运用残差结构一阶自相关的固定效应面板数据方法估算TFP和各个地区的金融发展水平,然后运用两步GMM系统估计方法检验了金融发展、技术进步与产业升级三者之间的关系,结果发现,在控制了相关变量后,金融发展对技术进步和产业升级都具有正向的促进作用。

英文摘要：

Financial development takes a very important role in China＇s technological progress and industrial upgrading.This paper first analyzes the data of all 28 provinces in China from 2000-2008,in use of the fixed effects panel data regression with AR（1） approach to estimate the TFP and the level of financial development in all regions,then uses the two-step system GMM to evaluate the effect of financial development to the technological progress and industrial upgrading.The conclusions indicate that after controlling the other relevant variables,financial development also plays a positive role in technological progress and industrial upgrading.