A Study On The Relationship Between Financial Industry Agglomeration And Its Impact On Economic Development

This article is based on the 18 nodes provinces and cities’ financial industry and economic development data of Chinese“The belt and road”program of the year 2004 to 2013,from a comprehensive evaluation of the financial industry agglomeration, nonparametric estimation method of dynamic distribution of financial industry cluster evolution, based on a hierarchical linear model(HLM) the financial and economic development of industrial agglomeration and research under way along the Chinese financial industry cluster strategy based on four aspects of the financial impact of industrial agglomeration and economic development coupling coordination degree of impact on these nodes urban economic development. The result shows,in the study of the financial industry concentration and distribution of dynamic comprehensive evaluation, entropy method to determine when the use of indicators, during 2009 to 2013 the proportion of the financial industry gathering system maximum financial efficiency, and the proportion of each index is on the rise in; when using Kernel nonparametric density estimation method to the financial industry concentration between year 2004 and 2013, 18 provinces and municipalities to estimate, first calculate the financial industry location quotient to represent the financial industry gathering indices, location quotient results show most provinces in the financial agglomeration level 2004-2013 period were in an upward trend, and there was a significant reduction in Heilongjiang Province and Hainan Province; at around 2008, for Ningxia, Gansu, Qinghai and Chongqing, the financial agglomeration reached the lowest point, and during the prescribed study period, the overall financial agglomeration horizontal distribution moves to the right, indicating that the whole is financial agglomeration level of each study area has been improving; the number of peaks have been a unimodal distribution, no poles or a multi-polar differentiation phenomenon. In the study of the financial industry cluster specific impact on economic development. From the HLM model estimation, the provincial financial agglomeration negative effect on the economic development of the prefecture-level city of very significant. From the coupling point of view, from the year 2009 to 2013, financial industrial agglomeration and economic development associated with most of the provinces have reached the height of the degree of coupling, and coupling coordination degree from a low to a high degree of coupling.