Author(s)

Jiang Jian

Corresponding Author

Jiang Jian

Abstract

This paper aims to analyze the financial friction coefficient in the kinetic energy of the manufacturing industry by using panel data threshold regression. The results show that: the endogenous financial friction of old kinetic energy is more limited by the cash constraint of investment. The financial friction manifestation of old and new kinetic energy is unstable and in the new kinetic energy shows a fluctuating spiral structure, while the financial friction in the old kinetic energy shows an upward trend. The financial friction caused by currency issuance shows a gradual upward trend, while bad loans and interest rates decrease gradually.

Keywords

Financial friction; Kinetic energy optimization; Manufacturing