Analysis On The Difference Of Financial Agglomeration, Factor Endowments To China’s Regional Economy Growth

China economic development appears disequilibrium growth rate among regions, the gap of economic development between eastern,central and western regions has become widen. Factor endowment and agglomeration of various regions result in widen gap. As core of modern market economy, financial industry plays a great role in economic development and social development of one country or region.Similar to industrial agglomeration, In the stimulation economic develop process,Finance industry gradually formed the financial agglomeration. Financial agglomeration attract profit factor to close up. Strength financial polarization of central city, unbalanced regional financial configuration and disequilibrium economic growth rate of factor endowment escalated region is caused by financial agglomeration. Based on this background, this article analysis the difference between financial agglomeration and factor endowment impacted on regional economic development through comparing financial agglomeration with traditional production factors covering capital, labor and technology impacted coefficient on economic developmentThis dissertation constructs measurement index system of economic development gap, financial agglomeration and factor input, based on 1990-2012 economic development data of four region,31 province(Municipality) in China. This dissertation adopts principal component analysis to calculate comprehensive score of various regional capital factor and technology factor input, choose HHI index to be financial agglomeration evaluating indicator; Also this dissertation sets up panel data equation model of variables coefficient, calculate financial agglomeration degree,capital factor, labor factor, and technology factor impact coefficient on economic whole country, eastern, northeast,central and western regional, and also obtain empirical outcome and correlation analysis. The empirical result shows:Firstly, financial agglomeration capital factor, labor factor, and technology factor ect of various region in China have a significant impact on various regional economic growth, each factor has a significant variance effect direction and effect degree on economic growth. From the view of financial agglomeration, financial agglomerationimpact direction on economic growth vary from region to region. financial agglomeration and economic growth may not show positive correlation relationship.Secondly, Each factor of various region impact on economic growth shows polarization, each factor impact on various region which is influenced by economic base, factor endowment and other factor input difference exists variance.Finally, financial agglomeration capital factor, labor factor, and technology factor ect has significant gap impact on various regional economic growth. Labor force is highest contribution degree impacted on China economic development,financial agglomeration has significant contribution degree. But effect direction is influenced by various regional economic development phase and development model;Never the less, capital factor and technology factor has stable contribution degree, positive effect is significant, capital factor impact on economic development effort is much higher than technology factor.