财经理论与实践
財經理論與實踐
재경이론여실천
The Theory and Practice of Finance and Economics
2015年
6期
14-19
,共6页
战略性新兴产业%金融支持%产业发展%面板格兰杰因果检验
戰略性新興產業%金融支持%產業髮展%麵闆格蘭傑因果檢驗
전략성신흥산업%금융지지%산업발전%면판격란걸인과검험
Strategic emerging industries%Financial support%Industrial development%Panel Granger causality test
金融是现代经济的核心，战略性新兴产业发展离不开金融支持。以近三年七大战略新兴产业400多家上市公司季度数据为基础，通过面板数据协整分析和格兰杰因果检验探讨两者之间的动态关联。结果显示：金融支持对战略性新兴产业发展具有正效应，金融机构的支持力度提高1%，战略性新兴产业发展水平将提高0.76%。短期内两者呈现单向因果关系，金融支持是战略性新兴产业发展的原因，在长期两者互为因果关系。
金融是現代經濟的覈心，戰略性新興產業髮展離不開金融支持。以近三年七大戰略新興產業400多傢上市公司季度數據為基礎，通過麵闆數據協整分析和格蘭傑因果檢驗探討兩者之間的動態關聯。結果顯示：金融支持對戰略性新興產業髮展具有正效應，金融機構的支持力度提高1%，戰略性新興產業髮展水平將提高0.76%。短期內兩者呈現單嚮因果關繫，金融支持是戰略性新興產業髮展的原因，在長期兩者互為因果關繫。
금융시현대경제적핵심，전략성신흥산업발전리불개금융지지。이근삼년칠대전략신흥산업400다가상시공사계도수거위기출，통과면판수거협정분석화격란걸인과검험탐토량자지간적동태관련。결과현시：금융지지대전략성신흥산업발전구유정효응，금융궤구적지지력도제고1%，전략성신흥산업발전수평장제고0.76%。단기내량자정현단향인과관계，금융지지시전략성신흥산업발전적원인，재장기량자호위인과관계。
Finance is the core of modern economy,and it supports the development of strate-gic emerging industries.This paper analyzes the present situation of China's financial institutions to support the development of strategic emerging industries,and then bases on the quarterly data of 422 listed companies in seven strategic emerging industries during 201 1 -2014 to explore the dynamic correlation of strategic emerging industries and financial support by using integration a-nalysis and Granger causality test.The empirical results show that financial support has a posi-tive effect on the development of strategic emerging industries.Support to financial institutions increase by 1%,the level of strategic emerging industries will increase 0.76 percent.There is a unidirectional causality in the short term that financial support is the reason of development in strategic emerging industries.In the long run,there is a bi-directional causality relationship.
