Empirical Research on the Relationship between Industrial Structure Adjustment and Financial Support-Based on the Analysis of 17 Cities in Shandong Province

Industrial structure transformation and upgrading is an important issue in the current economic development. During the 13th Five-Year Plan period, further research of the relations between financial support and industrial structure optimization, has great and far-reaching significance to realize fully leveraging of the financial factors and new economic norm. In this paper, the relationship between the industrial structure and financial support of 17 cities in Shandong province was analyzed by using VAR model, impulse analysis and regional panel model. The research shows that the financial development of Shandong province plays a strong supporting role in the optimization of industrial structure, and the way to improve the financial efficiency is more effective to promote the upgrading of industrial structure than the expansion of the scale of financial industry.