Financial Leasing, Optimal Financial Structure and Economic Growth: An Analysis Based on Financial Inclusion Perspective

摘要

From the view of financial inclusion, this paper studies the relationship among financing leasing, optimal financial structure and economic growth, based on the dynamic panel model, and applies system GMM estimation to explore the mechanism, the optimal financial structure and financial inclusion. The research conclusion shows that financial leasing helps to improve and promote the level of financial inclusion; because financial leasing has the advantages of product and agency cost compared with bank credit, it can promote social and technological progress, adjust the industrial and economic structure, and achieve economic growth.