Open AccessAn Analysis on Bank Credit and Industrial Structure Upgrading of Beijing-Tianjin-Hebei Region-Based on Technological Innovation Mode
Author(s) -
Qinglu Yuan,
Hui Zhou
Publication year - 2020
Language(s) - English
DOI - 10.47260/jafb/1111
Subject(s) - beijing , business , order (exchange) , indigenous , mode (computer interface) , technological change , panel data , economic growth , industrial organization , china , economics , geography , finance , ecology , macroeconomics , archaeology , computer science , biology , operating system , econometrics
Facing different technological innovation mode, there is a significant difference inthe industrial structure effect of bank credit, this would have important researchsignificance for technological innovation mode selection in Beijing-Tianjin-HebeiRegion. Based on the data of 43 cities in the Beijing-Tianjin-Hebei region for theperiod of 2009-2016, this paper builds a panel threshold model to analysis theindustrial structure effect of bank credit. The result shows that: bank credit has anonlinear industrial structure effect in the Beijing-Tianjin-Hebei region under thecurrent level of economic development. The impetus for indigenous innovationplays a sustained and significant boosting role in it, and it promote to resourcestranslocation from secondary industry to tertiary industry. However, the technologyimport is gradually lost, even becomes negative effect. The policy suggestion is:firstly, the Beijing-Tianjin-Hebei region needs to increase introduction of highquality technology, in order to raise the level of technological innovation. Secondly,the Beijing-Tianjin-Hebei region needs to adhere to the development strategy ofindigenous innovation, in order to promote the upgrading of the industrial structure.