THE DYNAMIC RELATIONSHIP BETWEEN THE INDUSTRY-STRUCTURE AND THE BANKING CREDIT-STRUCTURE IN THE REGIONAL ECONOMY OF ZHEJIANG PROVINCE--AN EMPIRICAL STUDY BASED ON VAR MODEL
Based on the vector auto-regression model (VAR), the authors probed into the dynamic relationship between the industry-structure and the banking creditstructure in the regional economy of Zhejiang Province.As is shown by the results of the empirical study, the development of the tertiary industry in Zhejiang in the past 3 years chiefly results from the growth of the secondary industry and credit expansion.Even though a positive correlation between the industry-structure of Zhejiang and banking credit-structure, it is insignificant for banking credit-structure driving the adjustment of industrystructure.The reason might be that the distinct credit expansion in recent years is chiefly benefited by the secondary industry.It is thus suggested that governments should develop and issue supporting financial policies to help the tertiary industry acquiring more financial resources, since the tertiary industry is in the weak position in financial market and can not benefit from commercial banking services.
Industry-structure Credit-structure VAR model Dynamic relationship
HAN JIN HAN YIFEI
Business School,Zhejiang University City College of China,310015 College of Economic,Zhejiang University of China,310058
国际会议
成都
英文
1735-1740
2011-11-25（万方平台首次上网日期，不代表论文的发表时间）