The Financial Agglomeration Efficiency Evaluation Of Bohai Economic Circle

Beginning in the1980s, along with the rapid development of economicintegration, information and finance, the flowing of financial resources becomesquicker between different regions, the financial industry cooperation and exchangebecome much more closer between different institutions, and gradually form aagglomeration trend of being close to a central city, the financial industryagglomeration phenomenon has become an important organization mode ofdeveloping the regional economy and improving the regional financial comprehensivestrength. Financial agglomeration rises by the initial concentration of financialholding company, today; the phenomenon of spatial agglomeration of different typesof financial institutions is becoming more and more common, and is the importantcontent of modern financial industrial organization form.Bohai economic circle, Yangtze river delta economic circle and the pearl riverdelta economic circle are called the famous three big economic growth centers of ourcountry, and with Bohai economic circle’s coastal geographical advantages,convenient traffic advantages, abundant resources agglomeration advantages,outstanding comprehensive advantage in science and technology education advantagegradually make it develop into the important third growth pole. Based on thebackground of our country’s sustained steady economy growth, how to increase theability of financial resource configuration under current situation and utilizationefficiency has become a more effective way of the developing Bohai economic circle‘s financial industry.This paper revolves around the basis theories of financial agglomeration andfinancial agglomeration efficiency, including the characteristics, connotation,influence factors and development model of financial agglomeration, and theconnotation, influencing factors of the financial agglomeration efficiency; these aresolid theoretical basis for the empirical analysis of later chapters.In the second chapter, the paper makes qualitative description of the presentsituation of financial agglomeration of Bohai economic circle. First, the paper makesthe analysis of recent financial industry development of the status quo of Bohaieconomic circle, on the basis of that, and then makes the summary of the financialagglomeration advantages and disadvantages in Bohai economic circle.In the third chapter, using the factor analysis method, this paper analyzes theevaluation of the present situation of Bohai economic circle’s financial agglomerationin various provinces and cities in2011. Through the ranking analysis of financialagglomeration of provinces and cities, the paper sums up their respective differentdegree resources and agglomeration within the Bohai economic circle; thencombining calculation of their respective financial agglomeration location quotient inrecent5years to further analyze the financial agglomeration development differences in Bohai economic circle.The fourth chapter mainly uses DEA model, and evaluate financial industrycomprehensive technical efficiency, pure technical efficiency and scale efficiency ofBohai economic circle in various provinces and cities, combined with dynamiclocation quotient analysis, then the paper searches for reasons of the financial industryefficiency level between different provinces and cities in Bohai sea economic circleand between Yangtze river delta economic circle and the pearl river delta economiccircle.Finally, the fifth chapter is on the basis of above chapters which are about thequalitative and quantitative analysis, combining the empirical analysis results andobtaining the paper’s conclusion, that is: Bohai economic circle needs to improve theoverall efficiency of the financial agglomeration level, different degree of financialresources input leads to unreasonable output; In addition, the technical efficiency ofthe financial industry is relatively backward comparing with scale efficiency, thismeans Bohai sea economic circle is relative shortage of senior financial personnel andneeds to speed up the introduction of advanced talent and international exchanges andcooperation of financial talent. At last, the paper puts forward reasonable andscientific policy recommendations to improve Bohai economic circle’s financialagglomeration efficiency.The main irmovations of this PaPer lie in the following aspects:Firstly, this paper attempts in the perspective of regional industry financialefficiency, combined with the dynamic financial agglomeration development level ofBohai economic circle, through the efficiency evaluation of the Bohai economic circlein various provinces and cities,gives the comprehensive evaluation of the Bohaieconomic circle financial agglomeration efficiency.Secondly, the empirical part uses the principal component analysis and locationquotient to analyze the dynamic concentration degree of financial resources and thefinancial industry in the Bohai economic circle, and then uses data envelopmenttechnology to evaluate the financial industry agglomeration efficiency and analyzereasons for the efficiency differences between their respective provinces andmunicipalities with other economic circles, then policy suggestions are more feasibleaccording to the financial agglomeration efficiency analysis.