作　者：叶初升 唐晶星
关键词：银行竞争；产业结构高级化；产业升级；实体经济结构
摘　要：

在中国金融体系中，银行一直都是资本配置的主导者。银行体系通过配置资本引导生产资源流动，在塑造产业结构及其调整升级过程中扮演着重要角色。然而，现有文献特别关注银行业发展促进经济增长这种量的扩张，而忽略它对经济结构变迁的影响。运用中国制造业“省份·行业·时间”三维数据，首次在中观的行业内产品升级和宏观的产业结构高级化两个层面上， 以实证研究方法刻画银行在结构变迁中所发挥的作用。结果表明，不断增强的银行竞争性显著地提高了那些技术复杂度更高、创新研发度更强的行业在产值、就业和新产品比例等方面的份额。这意味着，银行竞争通过改变银行贷款的流向，促进了信贷资源在行业间、地区间的优化配置，从而推动中国产业朝着技术更先进、结构更高级的方向变迁。

Bank Competition and Industrial Upgrading：An Empirical Analysis Based on China Manufacturing Industries’ Three-dimensional (Province-Industry-Time) Data

Ye Chusheng & Tang Jingxing (Wuhan University)

Abstract Banking system has been dominating capital allocation in China’s financial system for a long time. By allocating capitals and channeling productive resources, banking system plays an important role in shaping China’s industrial structure and promoting its transformation as well as upgrading.  How- ever, previous studies focus on how does banking system development promotes economic growth, while overlook its impact on economic structure transformation. Employing China’s manufacturing industries’ “Province-Industry-Time” three-dimensional data, this paper for the first time studies how does interbank competition affect industrial upgrading empirically from both the medium-level of “product upgrading within industry” and the macro-level of “advanced development of industrial structure”. It shows the increasing interbank competition increases the output/employment share of industries that are more tech- nological complex and R & D-intensive significantly, which means interbank competition changes banks’ lending directions, making them allocate credit resources among industries and provinces more efficiently, and promotes China’s industrial structure transformation as well as industrial upgrading.
Key words bank competition; advanced development of industrial structure; industrial upgrading;real economic structure

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