Correlation of the financial producer services industrybetween China and the United States under the background of “the Belt and Road”(PDF)
《长安大学学报（社科版）》[ISSN:1671-6248/CN:61-1391/C]
- Issue:
- 2018年03期
- Page:
- 68-75
- Research Field:
- 经济管理
- Publishing date:
Info
- Title:
- Correlation of the financial producer services industrybetween China and the United States under the background of “the Belt and Road”
- Author(s):
- LI Xiao-feng; ZHENG Bing-kun
- Economics and Trade College，Guangdong University of Foreign Studies，Guangzhou 510006，Guangdong，China
- Keywords:
- producer services industry; financial industry; industrial correlation coefficient; inputoutput table
- PACS:
- F719
- DOI:
- -
- Abstract:
- In order to compare the development differences in the financial services industry between China and the United States,clarify the evolution trend of China’s financial services industry after joining the World Trade Organization (WTO),and explore the relationship between China’s financial services industry and other national industrial sectors,how to deepen financial reforms in depth,how to further study the relationship between financial producer services and the real economy and explore how they can better serve the real economy were draw from the comparison results in the current economic restructuring period under the new normal of China through comparative analysis of the intermediate investment rate and industrial correlation coefficient of the financial services industry in China and the United States.In view of the role of the financial industry development in promoting and stabilizing the national economy development,the input and output data of the nine industry sectors of China and the United States from 2007 to 2014 in the WIOD database were used,and then horizontal and vertical comparative studies on the intermediate input rate and industrial correlation coefficient between the financial services industry and the overall service industry in the two countries were carried out.The research shows that China’s financial services industry has developed rapidly in recent years,but the overall development level of service industry is not as good as that of the United States; the industrial correlation coefficient of financial producer services in the United States is greater than that in China,reflecting the gap and deficiency between China’s financial producer services and developed countries.With the indepth implementation of “the Belt and Road”,China should promote deep financial reforms and increase the investment ratio of the service industry,so that the financial industry can better serve the real economy.
Last Update: 2018-09-03