A Study Of Interregional Divergence Of Financial Development In The Eastern Coastal Provinces And Cities

This paper aims at carding the theory of financial development and the research of regional financial development, clearly defining the concepts of regional finance, financial development and interregional divergence of financial development, according to the relevant principles of index system, uses interpretive structural model to construct Regional Financial Development Index System; choose the methods of principal component analysis, entropy method, gray correlation analysis and hierarchical analysis as the actual measurement method of regional financial development differences. Then it tests the consistency of the financial development differences measurement results of provinces and cities along the coast during 2004-2009 by Kendall Consistency Test. And it divides the echelon of financial development of provinces and cities in the coastal. Finally, this article analyzes the trend of financial development according to survey results and the echelon of the division of between the coastal region and analyzes the motives of the typical changes of the regional financial development by Panel data model, proves the key factors and internal correlation effects in financial development to providing basic reference standards for regional financial development. The specific content of the various reads as follows.PartⅠis the theory about interregional divergence of financial developmentThis chapter cards the theory of interregional divergence of financial development and defines regional, regional economy, regional finance, regional financial development and other related concepts clearly; introduces the theory of financial development, regional growth pole theory and financial regional system.PartⅡis status of economic and financial development of the eastern coastal provincesFirst, describes the status of economic development of coastal provinces from the views of economic aggregates, industrial structure, investment in fixed assets and utilization of foreign capitals; second, describes the status of financial development of the coastal provinces from the degree of financial deepening, the structure of financial assets and the development of financial market.PartⅢis the index system of regional financial development This chapter determines the evaluation index of regional financial development on the basis of the relevant literatures and indicators data and combining with the concept of the divergence of financial development, according to the principles of comprehensiveness, accuracy, scientific, comparability, operability, etc. and the characteristics of financial development indicator system, establishes the evaluation index system of regional financial development index using interpretive structural model and the method of quantitative and qualitative analysis.PartⅣis the comprehensive evaluation of the divergence of financial development in the eastern coastal provinces and citiesThis chapter evaluates the actual divergence of the financial development of coastal provinces and cities from 2004 to 2009 using the methods of the principal component analysis, entropy method, the gray relational grade Analysis and analytic hierarchy. were the actual evaluation of four methods, then tests the consistency of the financial development divergence measurement results of provinces and cities along the coast by Kendall Consistency Test, and then standardizes the scores of four evaluation results to integrate the overall scores of coastal provinces and cities during 2004-2009, then divides the echelon of financial development divergence of coastal provinces and cities using cluster analysis.PartⅤis the trend of interregional divergence of financial developmentThis chapter measures the discrepancy of regional financial development using coefficient of variation, Theil index and analyzes the trend from the economic basis, the scale of financial development, financial development structure, breadth and depth of financial development, the efficiency of financial development, identifies the key factors that impacts interregional divergence of financial development using the panel data model.