17 / 2015-10-29 23:57:40

The Impact of Wenzhou Private Finance on Industrial Gross Output Value of Non-State Owned Enterprises：An Empirical Analysis

This study aims to identity the impact of private finance on gross production value of Non-state owned enterprises (Non-SOEs) in Wenzhou. The paper investigated the impact of private finance on Non-SOEs using the annual data over the period 1999-2011 and OLS estimator after stabilizing test by ADF. The results of regression suggest that Wenzhou private finance has a significantly positive influence on the gross production value of Non-SOEs in the long term. Therefore, to promote the healthy and sustainable development of private economy in Wenzhou, the polices maker not only should take many measures to increase private finance products, create some new financial organizations with policy guidance normally, but also expand private finance in supply channels and deepen financial reforms in all around for pushing the development of Wenzhou private financial ecological healthy.