Business School of Hunan University of Science and Technology, Hunan 411100, China
This paper uses financial development scale (FIR) and financial development ratio (FE) as two important indicators of financial development to examine their impact on industrial structure upgrading (ISU). Meanwhile, with reference to the statistical data of Hunan Province from 1990 to 2017, the paper establishes time series and VAR model to explore the interaction between regional financial development and industrial structure upgrading, and puts forward corresponding countermeasures and suggestions, so as to provide decision-making basis for promoting financial development and industrial structure upgrading in Hunan Province.
Financial development; Industrial structure; Var model
Chenchen Wang. Research on the Dynamic Mechanism of Financial Development and Industrial Structure Upgrading based on VAR Model--Data from Hunan Province 1990-2017. The Frontiers of Society, Science and Technology (2020) Vol. 2 Issue 4: 22-24. https://doi.org/10.25236/FSST.2020.020405.
 Tan Yanzhi, Peng Jichun (2019). Financial development, industrial structure upgrading and inclusive growth: an analysis from the perspective of people's livelihood and development. Journal of Social Sciences, Hunan Normal University, vol.48, no.1, pp.76-86.
 Li Xinguang, Zhang Yongqi, Huang Anmin (2018). Empirical Study on the relationship between financial development and industrial structure upgrading in the context of free trade zone. Statistics and decision making, vol.34, no.13, pp.155-159.