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Diffusion Of The Financial Industry's Three Major Economic Polarization Metropolitan Area

Posted on:2014-05-05Degree:MasterType:Thesis
Country:ChinaCandidate:Y Z LiangFull Text:PDF
GTID:2269330425480753Subject:Finance
Abstract/Summary:PDF Full Text Request
Finance is one of the main driving forces of the modern economy, constantly continuing to certain local or regional concentration, and financial activities in space through the polarization effect, form of a different regional financial center, and is formed by diffusion effect of the regional distribution of financial. Three Metropolitan Areas in China’s economic system has a pivotal position in Beijing where is the political center of China, and the financial innovation significantly in recent years, the development of Beijing, Tianjin, Shanghai as the center of the Yangtze River Delta important economic center in one of the regions in China, has been in China’s overall financial and tax has a huge proportion, but Shanghai is now committed to becoming an international financial center, the future of the financial industry to the become the focus of the direction; Pearl River Delta region close to Hong Kong, is the first region of China’s reform and opening up, the proportion of tertiary industry has been high, SMEs gathering since the2007financial crisis, the global economic turmoil, the international financial situation is complex, provides opportunities for China’s economic development and challenges. At this stage the rise of Beijing and Tianjin, Shanghai and Shenzhen, the establishment of the financial center of the dispute, how to correctly understand a few of the financial industry development, and a few where the region’s financial and what is the difference? Objective need for more in-depth understanding of these several cities, where the region’s financial situation. Is actually this several area financial agglomeration research? Financial agglomeration figure out these areas, it can be thought that the most objective criterion of the financial center of the dispute in Beijing and Tianjin, Shanghai and Shenzhen, a reasonable theoretical basis for the development of strategies and even financial development strategy is to develop the financial center of China.This article has combed through the polarization and diffusion of economic and financial industry, the empirical analysis for the polarization and diffusion of the financial industry. Polarization taking into account the higher homogeneity in the group of the three major metropolitan taken Jia Jini coefficient is not attached to the ER model to the empirical analysis, proliferation, with a VAR model impulse response equation analysis, has been the proliferation of financial development on the three major metropolitan level. Finally, according to the conclusions of the study put forward the corresponding policy recommendations.
Keywords/Search Tags:Three major economic metropolitan area, Beijing, Shanghai, Shenzhen, financial polarization, the spread of the financial, ER Index, vectorautoregression model
PDF Full Text Request
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