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近些年来,我国的金融业发展竞争激烈,金融业的利润增长也开始对制造业逐步产生连锁影响。本文主要切入点就是金融危机过后,我国的金融行业迅速膨胀,导致利润上升,但是同时制造类企业利润却持续走低等一系列现实问题,从而进一步探究了金融行业对制造业利润的冲击问题。通过建立起金融业净利润、制造业净利润等向量自回归模型,进行了进一步的脉冲响应函数分析,从而探寻了金融行业影响制造类企业净利润的模式。通过研究表明:整体的金融行业和细分的金融类行业都同时会对制造类企业形成利润侵占,国家政府对于利率的垄断是整体金融行业需要思考策略进行打破的关键,从而实现制造类企业的融资成本的降低,应该通过经济政策调整来支持金融业。
In recent years, the development of China’s financial industry has been fiercely competitive, and the profit growth of the financial industry has begun to have a cascade effect on the manufacturing industry. The main entry point of this paper is a series of practical problems such as the rapid expansion of China’s financial industry after the financial crisis and the rise of profits, but at the same time, the profitability of manufacturing-based enterprises has continued to decline. This further explores the impact of the financial industry on manufacturing profits. By establishing a vector autoregressive model such as net profit in the financial industry and net profit in the manufacturing industry, further impulse response function analysis is conducted to explore the financial industry’s mode of affecting the net profits of manufacturing enterprises. The research shows that both the whole financial industry and the subdivided financial industries will at the same time create profit encroachment on manufacturing enterprises. The monopoly of interest rates by national governments is the key to the overall financial industry that needs to think strategically, so as to achieve the goal of manufacturing enterprises The reduction of financing costs should support the financial industry through the adjustment of economic policies.