Author(s)

Juanru Liu

Corresponding Author

Juanru Liu

ABSTRACT

Finance and fixed asset investment are important ways to upgrade industrial structure. This paper first evaluates the level of regional financial development and industrial structure upgrading in the province under two perspectives of 21 cities (states) and 5 major economic zones in Sichuan Province from 2010 to 2020 using entropy value method and industrial structure coefficient, and on this basis establishes a panel data model to study the influence of financial development and fixed asset investment on industrial structure upgrading in each region of the province. The research results show that the level of financial development, fixed asset investment and industrial structure upgrading are significantly and positively correlated, and pass the robustness test, indicating that finance and fixed asset investment have synergistic effects in regulating industrial upgrading. Finally, based on the above findings, this paper puts forward corresponding policy recommendations.

KEYWORDS

Financial development, fixed asset investment, industrial structure, Sichuan