| Industrial agglomeration is an economic phenomenon in the process of industrial development, it has scale advantage and comparative advantage. The outline of "twelfth-five" plan put forward to optimize industrial distribution, promote the construction of industry cluster, accelerate the regional development. While the development of economy cannot be isolated form financial support. Theoretically regional financial development has a positive effect to the industrial agglomeration; meanwhile the actual effect would be influenced by other factors as tilt of the credit, the level of regional economic development, foreign direct investment and industrial R&D input. This paper discussed the impact of regional financial development on the industrial agglomeration effect in multiple aspects as influence mechanism, the realistic foundation and the quantitative analysis based on the research result, this paper put forward specific suggestions to promote the development of regional industry.Firstly, in the research of theory, this paper argues that regional financial development promote the development of agglomeration region's enterprises through the development of financial scale, structure and efficiency. Concretely speaking, the expansion of regional financial scale will improve the ability of obtaining funds,and the optimization of regional financial structure will reduce enterprises' financing cost, the improvement of regional financial efficiency will enhance the financing convenience. Secondly, in practical analysis, the correlation between regional financial development and industrial agglomeration is relatively strong. In2004-2013 The change of regional financial development level and the industrial agglomeration level of the three major economic regions are consistent. The financial development, and industrial agglomeration level of eastern region was significantly higher than that in of the central and western regions. Moreover, the empirical analysis shows that, the regional financial scale expansion has a negative effect on China's eastern and western region primary industrial agglomeration, thus there were not enough financial resources input in China's eastern and western primary industry. The optimization of regional finance agglomeration has a positive effect on the primary industry and the secondary industry of three regions; but the effect is not obvious on the tertiary industry's agglomeration. The improvement of regional financial efficiency will promote the primary industry and the secondary industry's agglomeration in three regions of China;but the effect is not obvious on the tertiary industry agglomeration, the financial industry concentration has an adverse influence to the tertiary industry development.In summary, at present, China's regional industrial agglomeration level are still weak, parts of the industrial agglomeration degree is very low, the industry development imbalance. Therefore, from the aspect of regional financial policy this article stated besides improving the financial development scale, optimizing the financial structure, improving the financial efficiency, increasing investment in primary industry funds of eastern and western areas-and vigorously developing the securities market of middle region. In addition, raise the R&D investment in China to improve the regional industrial agglomeration is also very important. |
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