Study On China's Financial Industry Cluster And Regional Economic Growth

With the accelerating process of economic globalization, As well as in computer information technology and the Internet, driven by,is not confined to the area of movement of capital, but national or worldwide mobility, And showing a cluster in the area of financial capital, More financial industry cluster is formed or the regional financial center. Western scholars study found financial industrial cluster and regional economic development there is some link between the two, Or financial industrial cluster promote economic development or economic development promote the financial industry clusters. Our geographical area wider geographic areas, Around the economic development difference is very great. And through reform and opening up to more than 30 years of development has formed a relatively complete financial reflection,Formed like a more influential financial centre in Shanghai and Beijing. Unbalanced regional economic development in China's relationship with the distribution of financial resources, Provinces and cities in China's financial and industrial cluster development of what,How the financial relationship between industrial clusters and regional economic growth, The Eastern and Western regions financial effect of industrial clusters on economic growth are the same. Faced with this problem,We need a much longer time period,Eastern, Central and Western provinces and cities to study three major area of China's financial industry cluster and regional economic growth.Papers by profiting from the financial industry in function theory, and the LS analysis framework. Detailed analysis of the financial cluster to promote regional economic growth path, This is the theoretical basis of the study. In addition, based on economic, financial, financial industrial cluster development of statistical descriptive analysis. In China since the reform and opening up economic, financial and financial industry clusters has been greatly improved. In order to further analysis of the three provinces in China's financial industry cluster and the relationship between economic growth and, Using location entropy calculation index from banking, insurance and securities industry 2003-2014 are calculated in three provinces financial industrial cluster, Comparing the financial industrial cluster index was significantly higher than in the eastern region in the Midwest, And adopted based on panel data model forms the provinces and cities in China's financial industry cluster and regional economic growth: an empirical analysis model. Through regression analysis: Banking cluster index on economic growth will be much higher than the securities industry and the insurance industry, Midwest economic growth mainly comes from banks in particular; Financial industrial cluster in the East top driving jobs to economic growth, No significant difference in the Midwest; Intercept through a fixed effect analysis of three major regions in recent years financial industrial cluster promote economic growing.By theory and empirical analysis,this paper in the continued development of the financial sector, strengthening the capital construction, Midwest, improving infrastructure construction and development of insurance and the financial center of policy proposals.