High-quality development of manufacturing industry is an important part of the comprehensive construction of a modern socialist country,so it is of great significance to study how finance supports the high-quality development of manufacturing industry.Taking 11 cities in Zhejiang Province as an example,this paper studies this issue.Firstly,the entropy weight method is used to measure the high-quality development level index of manufacturing industry.Secondly,the data envelopment analysis(DEA)is used to measure the medium and long-term loan allocation efficiency of manufacturing industry.The research finds that:firstly,medium and long-term loans can effectively meet the requirements of large capital demand and long payment cycle in the process of manufacturing transformation and upgrading,and the increase of the proportion of medium and long-term loans can promote the high-quality development of manufacturing industry;secondly,the efficiency of medium and long-term loans in manufacturing industry is steadily improved,but there is still room for improvement in its scale efficiency.Finally,based on the empirical analysis,three policy suggestions are put forward:strengthening policy guidance and product innovation,strengthening regional allocation of credit resources,and strengthening financial services in key areas,aiming to promote the high-quality development of manufacturing industry by financial support,and achieve reasonable growth and effective improvement in quality.
High Quality Development of Manufacturing IndustryEfficiency of Medium and Long-term Loan AllocationData Envelopment Analysis
NETL
NSTL
万方数据
