Research On The Convergence Of Regional Financial Development In Beijing, Tianjin And Hebei

Beijing-Tianj in-Hebei Region is the third largest metropolitan area after Yangtze River Delta and Pearl River Delta,in recent year the financial sector has made great progress but the development of the financial cooperation is slow in the area,because most of cooperation rests on the initial stage of proposition and discussion.It is relatively backward compared to the financial cooperation of the three area proposed at the same time and so that this stage has a great influence on the harmonious development of the Beijing-Tianjin-Hebei Region.Therefore,the study on the variation trend as well as evolution rule of financial gap and the cooperation strategy proposed based on them have great practical significance.Most of the current convergence of cooperative financial is based on qualitative research of government's collaboration governance.There are also some scholar use non-parametric estimation,time series.Theil index,spatial econometrics.Gini coefficient to study qualitative research,but the study mainly focus on the East and west.Hong Kong and Macao.Yangtze River Delta,Pearl River Delta,few focus on Beijing-Tianjin-Hebei Region.This article is based on finance,regional economics,geography,economics,spatial econometric to study convergence of regional financial development of the Beijing-Tianjin-Hebei region,and it is on the basis of theoretical analysis,taking the 43 counties of Beijing-Tianjin-Hebei region as samples,based on financial ratios,using geographically weighted regression model,spatial econometric model to do quantitative research of Beijing-Tianjin-Hebei financial convergence,and use solid evidence to analyze the Beijing-Tianjin-Hebei regional financial convergence,to test the effectiveness of different approaches to make up for the convergence of its kind.Then,based on the research conclusioin,we should provide feasible and effective countermeasures and suggestions for financial cooperation of three area.In this paper,we study in two steps:the first step:the theoretical study.It uses literature analysis,search and combing relative literature,compare it to study,summarize,and complete theories such as the geographically weighted regression model,the spatial econometric model.The second step,the empirical research.It uses the OLS to estimates Beijing-Tianjin-Hebei regional financial development whether there is convergence in Beijing-Tianjin-Hebei regional financial development,establishes GWR model to further verify the convergence of regional financial development of the Beijing-Tianjin-Hebei region,and compare the applicability of the OLS model and GWR model,and finally establishes spatial econometric model to test the spatial correlation of inspection of FIR,to compare the applicability of the spatial lag model and spatial error model.The main conclusion of empirical study are as follows:First,the research use GWR estimation to compare OLS mode,it is more accurate,and more effectively in describing the Beijing-Tianjin-Hebei regional financial convergence problems;Second,from 2000 and 2015 the geographical pattern of Beijing-Tianjin-Hebei regional financial development level,districts and counties that are at the similar development level gather on the space agglomeration,that is.developed countries is adjacent to developed countries,and backward counties is adjacent to backward counties.Third,from 2000 to 2015,the districts and county's overall financial development present a convergence trend as an emerging economic circle of the Beijing-Tianjin-Hebei region.Fourth,between 2000 and 2015,financial development of each district and county of Beijing-Tianj in-Hebei region on the whole presents the spatial heterogeneity and spatial correlation and the coexistence of spatial heterogeneity and spatial correlation did not change the trend of convergence,but makes the regional convergence rate drop,so this suggests that the Beijing-Tianj in-Hebei regional financial development need effective driving force.