Analysis on the Growth Efficiency of the Pearl River Delta Real Economy From the Perspective of Financial Supply-Side Reform

Abstract

Finance is the blood and core of the modern real economy, leading the essentials of supply-side reforms and serving the real economy; financial supply-side reforms guide the direction of economic transformation and development, and it is our bounden duty to promote the development of efficient and high-quality real economy. Although the efficiency of financial supply has shown an upward trend, the flow of funds serving the real economy is still in a state of "intestinal infarction", which reflects the inefficiency of the financial supply system. With the aid of three level I indicators and 9 level II indicators of financial supply-driven efficiency, the financial supply system is evaluated, and the relationship between the financial supply system of the Pearl River Delta and the development of the real economy from 2011 to 2019 is explored using correlation theory. The correlation efficiency coefficient (interaction with the real economy) has shown a downward trend. It can be seen that dredging the flow of financial funds is like the "intestinal obstruction" of the real economy and improving the efficiency of financial supply has become a pain point in the reform of the financial supply side.