Qingdao Financial Agglomeration Effect On Blue Economic Development Research

Now is not only the age of electronic science and technology, but also the era of marine economy. Countries around the world confronted with resource crisis today, they turned to the ocean. The ocean contains a large number of development and utilization of resources, if fully development will largely reduce the existing resources crisis around the world. China has 300 square kilometers of the ocean, about a third of the total land area, marine biological resources, oil and gas resources, water resources, marine renewable resources are abundant. It is of great significance to resolve the resource crisis in our country. In 2009, when President Hu Jintao visited the Shandong, he proposed "vigorously develop the marine economy, science and development of marine resources, cultivating marine advantage industry, build the Shandong peninsula blue economic zone", it provides a good opportunity for Shandong to develop. Qingdao as an important economic center city and along the east coasts of our country opening to the outside world city, is rich in marine resources, have the advantage to develop marine economy, blue economy will become the momentum of the Qingdao economic. The financial industry has been developing rapidly in recent years, Qingdao’s financial scale expands, the financial agglomeration phenomenon appeared. Finance is the core of the modern economic development, the development of the financial agglomeration will contribute to the growth of the blue economy. Whether financial agglomeration is the important factors influencing the blue economic development, what is the specific influence mechanism, how to speed up financial agglomeration to promote the blue economic development, will be the main research content of this article.This article through to the domestic and foreign relevant theories about financial agglomeration and economic blue comb research, summarizes the theory of financial agglomeration and blue economic research foundation and analytical method. From the financial status of the development of Qingdao, the location entropy analysis its existence financial agglomeration phenomenon. Through analyzing of literature reading, the influence of financial cluster on the blue economy mechanism. Constructing evaluation index system, the dynamics of financial agglomeration of using Eviews8.0 for granger causality test, verify whether there is statistical significance on the cause and effect between financial agglomeration and the blue economy. Then build a model, analysis of Qingdao financial agglomeration degree of impact on the blue economy. Finally draw the conclusion: financial agglomeration in Qingdao is a growing and agglomeration situation expands; there is Granger causality relationship between financial agglomeration and the blue economy, financial agglomeration can promote economic growth in blue. Combined with the empirical results, give some advices on speeding up the financial agglomeration to promote blue economic growth.