Study On The Relationship Between Regional Financial Structure And Industrial Agglomeration Economic Growth In Zhejiang

Many papers have affirmed the financial development, that is the transformation of the financial structure, promotes economic growth. The economic entities in the financial services demand is diverse and different regional financial structure and system with their respective comparative advantages in financial services. Industrial agglomeration is the important source in the vibrant eastern coastal areas in China and plays a very important role in the promotion of industrialization, urbanization process and the level of employment. Industrial agglomeration and the formation of regional economic growth will depend on external conditions, especially putting in a special request for the regional financial structure and system. Zhejiang's financial development is at the advanced level in China, and Zhejiang's economic base lies in specialization industrial clustering. This paper studies the relationship between Zhejiang's financial structure and economic growth from the industrial agglomeration perspective. It is of important theoretical and practical significance.Based on financial development, regional economic and industrial agglomeration, and other basic theories, this paper combines the theory and empirical studies, the quantitative and qualitative analysis ,the international experience and the Chinese actual conditions to study. This paper is divided into five chapters. The first chapter is devoted to topics background, the significance of research and related literature review and the definition of industrial agglomeration and financial structure concept. ChapterⅡanalyses the inner mechanism in the regional financial structure and industrial agglomeration from factor endowment, SMEs' indirect financing and the development of industrial. ChapterⅢanalyses the status quo of the financial structure and the characteristics of industrial agglomeration in Zhejiang. ChapterⅣis an empirical study on Zhejiang's financial structure and the industrial agglomeration economy. Firstly, we introduced indicators and empirical research model. Secondly, we set measurement model and explain the data. Finally, we empirical analysis and the empirical results show that: one is that industrial agglomeration economy and the transformation of financial structure played a positive role obviously in Zhejiang economic growth; the other is there was a mutually promoted relationship between industrial agglomeration and optimization of the financial structure. Chapter 5, this section put forward measures in optimizing Zhejiang financial structure, promoting industrial agglomeration economic development through the development of industrial agglomeration areas, small and medium-sized financial institutions, the capital market construction and civil financial and so on. Lastly, it summed up the whole paper and pointed out that this shortcoming.The innovation of this paper is: First, there was a theoretical innovation that the combination of financial development, industrial agglomeration theory to discuss the endogenous mechanisms regional financial and industrial agglomeration. Second, this paper took Zhejiang for an example to study the relationship between financial structure economic growth from the perspective of industrial agglomeration. That is a research perspective innovation.