An Empirical Study Of The Relation Of Financial Agglomeration And Regional Economic Development

In the modern economy, finance is the core part.From the beginning the seventies of last century, the trend of spatial concentration of financial institutions has become increasingly prominent, more and more financial institutions began to adopt a coordinated approach among enterprises to organize trade and production activities, from the beginning of the concentration of the few banks gradually Developed to a large number of different types of spatial concentration of financial institutions, joint provision of financial services, common use of information, communications and transportation infrastructure, the financial elements also will be gathered, etc., and gradually form the financial industry cluster. This situation not only in developed countries, in some developing countries and regions also appeared in the financial industry cluster tendency. Financial industry clusters has become a modern financial industry organizations, the basic form. By financial agglomeration backed by sound economic foundation, and it combined effect of play and through the scale, the regional economic growth and industrial restructuring had a significant impact, based on this financial cluster to improve the regional economy is also contributing to the competitiveness of . Uneven development of the financial concentration, national economic level, there was greater disparity. Between financial development and economic development has been the close interaction reflected in the modern market economy, the financial development of the regional differences in the impact of serious differences between the Chinese regional economic development. As China's socialist market economic system continues to improve, the allocation of financial resources, the gradual transition from a planned system of market mechanisms. China's economic reform and open policy of gradual implementation of economic resources in accordance with the principles for allocation of market supply and demand, rather than the traditional distribution methods, in the reform and opening up in eastern provinces as a geographical advantage, resulting in regional economic competition Fore, occupy a favorable position. Similarly, allocation of financial resources is no longer follow the traditional configuration of administrative division in some areas of economic development with advantages, and competition in the financial resources, its economic advantage is more prominent, showing a domestic financial institution or a regional focus to a particular urban development, gathering Has become the development trend of modern finance, we can see: a growing number of financial activities, financial enterprises gather branches and headquarters to a city or region, but often these cities or regions of a country or region Economic, commercial and transportation center.This paper studies financial agglomeration and the relationship between regional economic development issues, divided into five parts. The first part describes the research background and significance of the topic, discusses the domestic and international financial agglomeration and regional economic development, research, and research papers, the basic ideas and methods used. The second part analyzes the theory of financial agglomeration. The third part of the financial agglomeration effect of promoting regional economic development is analyzed. The fourth part described the method of the financial relationship between agglomeration and regional economic development. The fifth part Select the degree of financial concentration in the Yangtze Delta, the most obvious of samples, first, principal component analysis of the Shanghai, Zhejiang, Jiangsu, three regional financial Agglomeration, through the unit root test, co integration test and Granger causality test of in-depth study of the financial agglomeration and interrelationship regional economic development. In the earlier chapters of Part VI of theoretical and empirical analysis based on the results, combined with the current development trend of China's financial situation and development, establishment of an international financial center of China puts forward some policy recommendations.