Promotion Mechanism Of Finance Cluster On Economic Growth

The relationship between finance and economic growth is a well-concentrated field, especially the finance growth theory. Recently researchers made great progress on the research between finance and economic growth, but after my research I found that most researches focused on the promotion of banks and stock market to the economic growth, and there are few papers on the promotion mechanism of finance cluster on economic growth. So my paper chooses the promotion mechanism of finance cluster on economic growth as my research object.First my paper studied the promotion mechanism theoretically, I found that finance cluster can promote economic growth through outer scale economy, enhance the efficiency of finance resource and promote the technology innovation. Then I made an LS model to research the economic growth under two circumstances, and found that the finance cluster promoted the economic growth. After that I made an empirical research on the promotion mechanism using data on Shanghai economics.My paper proved that finance cluster can promote economic growth both theoretically and empirically. Limited to my ability and time, my paper only study the promotion mechanism of finance cluster on economic growth. But there are still a lot of interesting aspects in this field. I hope that I can continue my study on that if time is available.