金融发展推动产业供给侧结构性改革的路径选择
The Choice of the Path of Financial Development to Promote the Industry Supply-side Structural Reform in the New Normal

基于新古典经济增长理论，提出金融发展推动我国产业供给侧结构性改革的理论路径。利用我国2008-2015年省级面板数据，通过构建双向固定效应模型对相关路径进行探究和论证，结果表明：金融规模推动产业层次提升的资本驱动路径的有效性边际递减，金融结构引导产业科技水平提高的创新引领路径的有效性并不显著，金融效率促进产业高效化发展的管理优化路径的有效性逐渐提升。
Based on the neoclassical economic growth theory, the paper researched the theoretical path of promoting the supply side of industry by finance. Using the provincial panel data from 2008 to 2015 of China and the bidirectional fixed-effect model, it's found that the effectiveness of capital driven path that financial scale plays in industrial upgrading is marginal decrease. The effectiveness of the innovation leading path which can raise the tech-level of industry guided by financial structure is not significant. The effectiveness of financial efficiency to promote the efficient development of industry has gradually improved.