The Impact of Financial Development on the Substantial Economy Development and Its Mechanism of Action

DOI

10.2991/emle-18.2018.25How to use a DOI?

Keywords

financial development; substantial economy development; mediating effect

Abstract

This paper uses the panel data of 31 provinces in China from 2001 to 2015 as a sample to construct a semi-logarithmic model of substantial economy development. Finally, the mediating effect model is adopted to test the transmission mechanism between financial development and real economic regional differences. The research shows that financial development has an obvious promoting effect on the development of regional substantial economy, and the transmission mechanism of financial development affecting the development of substantial economy is the scale of direct financing, which plays a mediating effect in the process of financial development promoting the development of substantial economy. The conclusion of this paper has certain reference significance for deepening the reform of financial supply side.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Li Wenjing
PY  - 2018/12
DA  - 2018/12
TI  - The Impact of Financial Development on the Substantial Economy Development and Its Mechanism of Action
BT  - Proceedings of the 4th International Conference on Economics, Management, Law and Education (EMLE 2018)
PB  - Atlantis Press
SP  - 147
EP  - 153
SN  - 2352-5428
UR  - https://doi.org/10.2991/emle-18.2018.25
DO  - 10.2991/emle-18.2018.25
ID  - Wenjing2018/12
ER  -