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笔者基于1997年~2011年的省际面板数据,通过“残差效应的一阶自相关固定效应模型”和固定效应模型,综合分析了信贷所有制歧视与产业结构优化之间的关系。结果发现:信贷所有制歧视具有双重效率损失,对产业结构高级化和合理化均会产生不利影响。进一步,剔除模型的内生性,使用了TSLS和GMM模型进行稳健性检验,结论也同样成立。消除信贷所有制歧视,营造公平、合理的融资环境将对现阶段产业结构优化升级产生积极影响。
Based on the provincial panel data from 1997 to 2011, the author comprehensively analyzes the relationship between credit ownership and industrial structure optimization through the “first-order autocorrelation effect model of residual effect” and the fixed effect model. The result shows that the discrimination of credit ownership has the double efficiency loss, which will adversely affect the industrialization and rationalization of the industrial structure. Further, we remove the endogeneity of the model and use the TSLS and GMM models to test the robustness. The conclusion also holds true. Eliminating discrimination in credit ownership and creating a fair and reasonable financing environment will have a positive impact on the optimization and upgrading of the industrial structure at this stage.