Study Of The Southwest Regional Convergence Of The Regional Financial

Finance as the core elements of the endogenous variable and the economy, thecentral nervous entire social capital movement, is an important force for economicgrowth. Level of financial development in the spatial distribution of non-equilibrium,regional differences, is an important factor in the formation of regional developmentdifferences. So for the movement of the southwest regional financial space to discussregional economic development is tantamount to the southwest region of the healthyoperation of the western economy as a whole has an important role.In this paper, the status of financial development in Southwest China as theresearch object, the regional financial development and the existence of convergencestudy the issue. By drawing studies regional economics, spatial economics, financialdevelopment theory, combined with the status quo of financial development inSouthwest China, the development of regional financial convergence problems inSouthwest China conducted a systematic study in order to obtain a more extensiveconclusions and more the policy implications of value.First, the financial status of the region of southwest statistical description, althoughthe level of economic and financial development has gradually increased the southwest,but compared with the eastern region there is a significant gap. Secondly, from thesouthwestern region of internal financial development indicators in the regions,although the overall trend on the rise, but the leading edge of Sichuan and Chongqingobvious. Furthermore through empirical analysis, we found convergence into effectunder the geospatial model better than traditional models. Significant convergenceeffect exists in2003-2008and Sichuan, Chongqing, southwest China, Yunnan, Guizhou,Tibet.2008-2012and throughout the Southwest Sichuan, Chongqing, Yunnan andGuizhou effect although there is convergence, but the convergence rate decreased, Tibetsignificant convergence effect does not exist. Combined financial developmentproblems in Southwest China empirical analysis on the basis of the results of theproposed policy recommendations related to regional financial development.