| The economy of industrial clustering is an important source of vigor in energeticdevelopment of our country’s economy, it plays an important role in speeding up theprocess of industrialization and urbanization. The development of industrial clusteringwill build a large number of Small and Medium Enterprises, however, entity economyhas a high demand of the diversity of financial services, rationality of financial marketstructure and financial market efficiency. Consequently, considering the actualconditions in our country, to study the relationship between financial marketefficiency and industrial clustering is urgent and important.Allowing for the above background, this paper encircle the theme of industrialclustering and financial market efficiency, applicates theory about industrialeconomics, regional economics and finance and methods about experiential dataanalysis and econometrics, considering the present state of industrial clustering andfinancial market development in our country, this paper try to research therelationship of financial market efficiency and industrial clustering to change theconditional view of research. As a result, so that build up a studying frame aboutbalanced development among financial market and industrial clustering to provide thetheory basis for making the development strategy on financial market which is relatedto industrial clustering.The main contents in the paper: In the first part, describes the background andsignificance of this paper, summary the literature both home and abroad, and putforward the main studying problem and thought. In the second part, analyze therelative theory of financial market efficiency, industrial clustering and the relationshipbetween financial market efficiency and industrial clustering. In the third part, analyzepresent state of industrial clustering and financial market efficiency in our country. Inthe fourth part, regarding Zhejiang, Sichuan and Hunan these three provinces as theresearch objective, empirical study the influence the financial market efficiency playon industrial clustering. In the fifth part, give the finial conclusions in the paper, are asfollows: First, the conversation efficiency of savings and investment will play apositive part to industrial clustering. Second, allocation efficiency of capital infinancial market is not ideal. Third, regional government behavior is an obstructionfor the development for industrial clustering. Fourth, the ratio of import and exportand GDP give a boost to industrial clustering. The last one, the formation of enterprisers will play a positive part to industrial clustering. Besides, considering theabove analysis, this paper give worthy suggestions on how to rise financial marketefficiency in order to realize the development of industrial clustering economy. |
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