Research On The Regional Impertinence In The Allocation Of Financial Resources And Its Correction In China

Since the reform and opening up,China has made remarkable achievements in economic and social development.With the continuous increase of financial and economic output,GDP has been ranked second in the world.But at the same time,the development gaps among different regions are widening,and the imbalance of regional development is becoming more and more serious.Although the state requires the implementation of regional development ideas and the overall strategy for promoting the coordinated development of regional economy,but still failed to reverse the trend of regional development differences expand fundamentally in the income gap between regions is widening,which brought a great deal of deep-seated social problems should be paid attention to.There are many factors that lead to the differences of economic and social development between regions.Since the reform and opening up of China's commercial finance rapid development,but the difference between the distribution of financial resources in the area is also growing,the level of financial development in the eastern region and the financial resources is far higher than the central and Western regions.Improper allocation of financial resources between regions if the adjustment will further deteriorate,it is inevitable to enter the vicious cycle of poverty development model,the deterioration of polarization.International experience shows that improper allocation of financial resources due to the failure of the market mechanism is difficult to rely on market forces to resolve the need for the introduction of government regulation and policy guidance,especially the role of policy finance.Therefore,the theory of resource allocation this paper aims to study how to use the relative economics to accurately describe the regional allocation of financial resources,how to use the regional economic and financial geography and the agglomeration theory set the relative scientific evaluation index system to measure the regional financial resource allocation differences,which theory and factors can explain our country by region differences in the allocation of financial resources more and more reasons,policy finance can issue improper allocation of financial resources in the correct area,how to take various measures to prevent a series of important problems of the regional financial resource allocation problems continue to deteriorate badly.To study and solve these problems to enrich the theory of financial development and policy finance theory,provide a relatively comprehensive and accurate characterization of evaluation and analysis of the regional financial resource allocation tool level difference,to correct our country regional financial resource allocation problem improper initiatives have important research value.Basic research idea of this article is: first from the change and current situation of financial resources allocation in different areas of China are the two dimensions of commercial and financial policy and characterization;to build regional financial resource allocation situation of improper evaluation index system,and through the quantitative analysis of index system of differences and changes in the allocation of financial resources in the regional trend on this basis;from two aspects of theory and Empirical Study of the causes of improper allocation of financial resources between regions,explains the inappropriate allocation of the economic and social consequences;and then discuss what to solve the interval of financial resource allocation improper measures,referring to the development of the successful experience of abroad and domestic situation,from many aspects given the feasibility of policy recommendations.The contents and conclusions of this paper are as follows:The first chapter is the introduction part,mainly elaborated the background and purpose of this study,this paper discusses the research significance;the definition of related concepts,review and summary of related literatures;summarizes the research ideas and methods,the logical framework of the paper,the main innovation and deficiencies etc.The second chapter is the study of the allocation of financial resources between regions in china.Based on the theory of economic and financial resource allocation function,this paper studies the present situation and development trend of regional financial resources allocation from two dimensions of commercial finance and policy finance.The study found that from 1995 to 2015,East,central and western regions in China between the allocation of financial resources does exist differences,and differences in the trend has continued to expand,the gathering capacity of the eastern region is stronger than the central and Western regions.At the same time,the provinces(regions)of financial resources allocation problem is more prominent.The third chapter is the construction and evaluation of the index system of financial resources allocation.According to the scale,structure and efficiency of financial resources in different regions,to establish an index system to evaluate the regional financial resource allocation situation,using the index system,calculation of the provinces(districts)comprehensive score of financial resource allocation.Through comparative analysis,it is found that the financial resources are mainly distributed in the eastern developed provinces(cities),and the share of the middle and western regions is very low.The fourth chapter is the analysis of the causes,consequences and the correct path of the allocation of financial resources between regions.From the theory of information asymmetry and the deterioration of the Financial Exclusion difference in the allocation of financial resources between regions,and the difference of macroeconomic policy,the supply of credit and financial institutions,distribution of real factors among regional differences in the allocation of financial resources is more and more big.As a method to measure the difference of the Theil index in this paper,financial ratios of the East,central and Western differences,the results show that from 1978 to 2015.The difference between China's eastern and western region and gradually expand,and further expand the trend.Then from the angle of the two social and economic analysis of the regional allocation of financial resources against the consequences of regional allocation of financial resources,pointed out the improper problems if not properly resolved,will affect the stability of the economic and social development in harmony with the area.Finally,discusses the correct regional improper allocation of financial resources in the path,research shows that in the pure market economy under the conditions of simply relying on market power and the internal mechanism is difficult to correct the regional financial misallocation of resources problems,expounds the policy finance function to correct the problem of improper mechanism.The fifth chapter takes Inner Mongolia as an example to study the function and effect of policy finance to solve the improper allocation of financial resources.According to the regional economy,development characteristics and the geographical position,we choose Inner Mongolia as the study object,the empirical analysis of the policy of financial development on economic growth in less developed regions,on the basis of trying to objectively judge the policy finance to correct improper allocation of financial resources between regions in order to explore the feasibility,effective way the allocation of financial resources between regions.The analysis shows that the support of policy finance is beneficial to the development of less developed areas,but its role is different due to the different degree of development.The sixth is the measure analysis.Based on the limitation of commercial finance in the allocation of resources,this paper explores the ways to make up for the lack of commercial finance,in order to ease the contradiction between regional financial resources allocation.This paper from the underdeveloped characteristics and realistic economic developed areas of foreign policy financial support for regional economic development experience,put forward the following suggestions:(1)the construction of service system of diversified financial institutions in economically backward areas of the township;(2)to solve the financing difficulties of SMEs,financing your problem through financial policy,adjust the backward industrial structure of the region,in order to alleviate the degree of improper allocation of financial resources between regions;(3)the suggestions in the central and western regions,the macro financial policies to support the implementation of differentiated;(4)through the legislation to make financial policy more gold to underdeveloped areas or poor areas tilt policy.In this paper,the study has certain innovation in the following aspects:First,the research perspective of this paper has some new ideas.Based on the two dimensions of commercial finance and policy finance,this paper makes a detailed analysis of the allocation of financial resources between regions.From the perspective of the regional allocation of commercial financial resources in China from 1995 to 2015,the gap between the scale and the structure of the financial resources in China is widening,and the differences in the allocation of financial resources between regions are intensified.At the same time,from the point of view of the allocation of policy financial resources,the proportion of policy oriented financial resources in the eastern developed regions is larger than that in the central and western regions,and its business is too concentrated in a small number of industries and sectors.From the previous research on the allocation of financial resources between the literature,most scholars put the policy finance and commercial finance together to discuss,and discussed in this paper lead to different configuration results from two dimensions,a new problem for the further studies on the differences in the allocation of financial resources between regions.Secondly,build the evaluation index system of regional financial development difference.It is helpful to overcome the one sidedness of the qualitative research on the distribution of financial resources in the past by evaluating the allocation of financial resources in the region by means of quantitative index.In this paper,the selection of indicators involved in a wide range of content,seta a total of 23 three indicators,reflecting the comprehensive and rational evaluation index system,and enhance the conclusions of the study of the persuasion.The system can be used to judge the degree of regional financial development directly,and provide the corresponding analysis method for the scholars who study the regional financial development.Finally,the author advocates the adoption of generalized policy finance to correct the improper allocation of financial resources.In view of the misallocation of resources is more and more serious problem of China's current financial market spontaneous operation,this paper proposed to correct the problem of financial resource allocation difference between regions through the policy tilt and financial policy,promote the coordinated development of policy finance and commercial finance,make up for the lack of commercial finance operation.To rectify the financial misallocation of resources proposed ideas,namely through the financial policy to optimize the regional industrial structure,the development of small and medium-sized enterprises,such as policy advocacy and wisdom in the past the scholars through the commercial financial support way is different,has some new ideas.