The Research On Disequilibrium Of Regional Financial Resource Allocation

Since the reform and opening up,along with the rapid growth of the national eco nomy,the economic gap between regions in China has an increasing trend.The exi stence of economic differences in regional is of objective and inevitable,but if uncontrolled, it Is bound to exacerbate the imbalance of regional development,an d the gap between the rich and the poor will be large.It is of inevitable to aff ect the coordinated and sustainable development of China’s economy in the fut ure. To a certain extent, the imbalance of regional economic development is ne cessarily reflect the imbalance of allocation of financial resources in China. The i mportant role of financial resources has attract more and more scholars’attention, especially in the initial stage of economic development in developing countries, fina ncial even become the first driving force.It is said that the allocation of financial r esources is related to the normal operation of the economy. In this case, from thepoint of the non-equilibrium of the allocation of financial resources to explor e the basic approach to develop the regional economic, has a very important prac tical significance. In order to achieve the coordinated development of regional ec onomy, there is an urgent need to go deep into the meso level, strengthen the rese arch the non-equilibrium situation, causes and regulatory mechanism of the allo cation of financial resources. Therefore, it is necessary to analysis non-equilibri um allocation of financial resources in Anhui Province and its influence factors,an d then seek ways to achieve coordinated economic development in Anhui Province.For the analysis of non-equilibrium characteristics of the allocation of financial reso urces in Anhui Province, we established an evaluation index system for the economi c development combined with the actual situation of Anhui Province, on the basis o f measurement criteria of the efficient allocation of financial resources. This indic ator system includes indicators these five categories:aggregate indicators (total G DP, GDP growth rate), savings mobilization capacity indicators (resident deposits ac count for residents’ disposable income, savings rate, residents deposited in saving s deposits), investment in conversion capacity indicators(loan ratio, the number of li sted companies, total financing of listed companies, premium income, insurance d ensity, insurance penetration), government intervention indicators (financial regulat ory affairs expenses, investment in urban construction project of the cities and the f inancial industry, financial employment rate) and financial openness index (the amo unt of introduction of foreign capital, the total investment of foreign-invested enter prises). These indicators provide an analytical platform in order to further stud y the efficiency of the allocation of financial resources. We found that the allocati on of financial resources of Anhui Province are significant non-equilibrium by us ing spss software17. We further analyze the reasons for this non-equilibrium, foun ding the following main points:differences in economic initial conditions, govern ment intervention and policy factors, regional differences of the financial ecologica1environment, the unreasonable financial organization system arrangement.The balance is an ideal state of the economy,and non-equilibrium is the economic normality,from this perspective,the non-equilibrium theory compared with the eq uilibrium theory is more practical significance.This study completed the transform ation from general to specific by combining the analysis of welfare losses of non-balanced with the actual economic situation of Anhui Province,and drawing cone lusions:the welfare of non-balanced allocation of financial resources in anhui is mainly reflected the combined effect of balance in the allocation of financial res ources for economic development, information spillover effects and radiation effe cts and these effects are not obvious, only Hefei benefits to the combined effect of the impact of rapid development; loss mainly manifested in the short side effec t of economic development, market fragmentation effect, the effect of the dual econ omic structure differences and the consequences of a regional financial ecological environment deterioration.Now Hefei, Ma’anshan or Wuhu has already has its own development capacity, so if this non-balanced trend continuing existed and gradually expanded,it must be affect the coordinated development of economic in Anhui Province.In the grasp of these unfavorable factors in Anhui Province,we make those specific policy recommendations, incl uding the actively use of foreign investment, the optimization of credit structure, s peeding up the financial ecological environment construction, and transforming the role of government, cultivating central cities located in northern Anhui and enhancing the radiation ofHefei, as well as integrating into the Yangtze River Delta regional in order to carry out regional economic cooperation.However, the economic growth of Anhui Province and the distribution difference s of the financial resources is long-standing phenomenon, it can not be coordinate d overnight.But we believe that, as long as you follow the idea of the whole situ ation, let the measures of reducing regional economic growth and the non-equili brium distribution of financial resources into practice, it will be gradually realize t he harmonious development of the regional economy.