The Research Of Yangtze River Delta Regional Economic Integration Mechanism

The essence of regional economic integration is the free movement of production factors. Due to lower cost of capital mobility, this article is from the perspective of capital mobility to analyze the Yangtze River Delta regional economic integration mechanism. Firstly, it overviewed the formation and development of China's Yangtze River Delta regional economic integration mechanism; Secondly, studied Yangtze River Delta area of capital flows in various cities from the government budget, fixed assets investment, the difference between exports and imports, the foreign direct investment and the difference between deposits and loans of financial institutions; Thirdly, followed by an econometric model to research the relationship between these various capital indicators and economic growth, then found that fixed assets investment, foreign direct investment and the difference between deposits and loans of financial institutions are significant factors to impact on economic growth and these three factors have a positive effect on economic growth; Fourthly, by calculating the Gini coefficient, the industry concentration and HHI analyzed the trends of the capital and economic spatial concentration in Yangtze River Delta and found that the level of economic and capital spatial concentration was not growing; Finally, according to empirical results showed the problems in Yangtze River Delta regional economic integration process and made relevant policy recommendations.