Research On The Influence Of Financial Agglomeration And Manufacturing Agglomeration On The Transformation And Transformation Of Manufacturing Industry

The core of transformation and upgrading of manufacturing industry is the optimization of industry structure, including improve the production efficiency, and enhance the overall competitiveness of the manufacturing industry. The financial industry plays an important role in the process of transformation and upgrading of manufacturing industry. Therefore, this article aims to reveal how the financial agglomeration affects the manufactory upgrade, and discuss how to promote the transformation and upgrading of the manufacturing.This paper takes the impact of financial agglomeration on the transformation and upgrading of manufacturing as the research object. From theory and empirical study, an in-depth study of how financial agglomeration influences the transformation and upgrading of manufacturing industry has been made. The concrete research steps are as follows:First of all, through the theoretical analysis on the mechanism of action between them, the inner mechanism of the mutual influence has been clear and definite. Secondly, we use the panel data of 285 cities from 2006 to 2012, based on the spatial Doberman model to establish their relationship respectively, the results showed that:(1) Both significant positive correlation are shown between the relationship of financial agglomeration with the agglomeration of manufacturing industries, and with manufacturing industry transformation and upgrading; (2) The relationship between industry agglomeration and the level of manufacturing upgrade showing inverted U type, which means:in a certain extent, the increase in manufacturing industry agglomeration level is conducive to the transformation and upgrading of manufacturing industry, while over a certain extent, the increase in manufacturing industry agglomeration level will hinder the transformation and upgrading of manufacturing industry; (3) The relationship between information infrastructure and the manufacturing industry showed positive correlation. Finally, this paper puts forward some policy suggestions according to the theoretical analysis and the empirical research conclusion.