The Impact of Financial Agglomeration on Industrial Structure Upgrading - An Empirical Analysis Based on Threshold Effect

摘要

Financial agglomeration is an important factor influencing the upgrading of industrial structure. This paper uses financial agglomeration as a threshold variable, and uses the panel data of 30 provinces in China from 2006 to 2016 to study the impact of financial agglomeration on industrial structure upgrading. The study found that there is not a simple linear relationship between financial agglomeration and industrial structure upgrading. Financial agglomeration has a significant single threshold effect on industrial structure upgrading. When financial agglomeration is below the threshold, financial agglomeration has a stronger role in promoting the upgrading of industrial structure; when the financial agglomeration exceeds the threshold, this promotion will be weakened.