Studyon Regional Differenceof Financial Agglomerationand Economic Growthin Yangtze River Economic Belt

Finance is the core of modern economy,the interaction between financial development and economic growth has become a key problem in the development of economy.Under the background of the new normal,in the state vigorously promote financial reform,to prevent systemic financial risk measures implementation stage,further enhance the financial industry in the process of promoting effect on economic growth is particularly important.Financial agglomeration is accompanied by industrial concentration,is also a manifestation of financial sector development to a certain stage,with the rapid development of the Yangtze river economic belt of financial industry in recent years,the financial agglomeration phenomenon has highlighted.In the downstream area of the country's financial center,represented by Shanghai shelter-forest region of Wuhan,Chengdu,Chongqing and other regional financial center gathered a wealth of financial resources,and produce good interactive relationship with economic growth.But the Yangtze river economic belt such as national policy and resource endowment and geographical environment causes the economic development level in the economy there is biggish difference between regions and provinces,and therefore leads to different across the financial industry development foundation,different financial agglomeration level.Therefore,as an important support of economic growth in our country,the research of the Yangtze river economic belt,the interaction between financial agglomeration and economic growth to adjust measures to local conditions to develop financial policy,promote the Yangtze river economic belt of the regional economy coordinated development has great significance.The generation of financial agglomeration is influenced by many factors,the regional economic development plays an important role in the deepening of financial agglomeration,and the financial agglomeration of promoting effect on economic growth is obvious.Taking the Yangtze river economic belt as an example to study the problem,the difference between the regional financial agglomeration and the level of economic growth will be paid attention to.Based on the regional economic development in Yangtze river economic belt and the difference of the financial industry development level,the Yangtze river economic belt can be divided into upstream,midstream and downstream areas,using the theoretical knowledge of economics and econometrics research tools,to study the relationship between regional financial agglomeration and economic growth.First of all,by measuring the location entropy,it is concluded that the economic growth and the level of financial agglomeration of the Yangtze river economic belt are increasing,but the regional differences are large.Downstream of good economic foundation,financial agglomeration level is high,and a hierarchical region economic growth level lags behind that of the downstream area,upstream areas of financial agglomeration level fast in recent years,but in general is not stable.Middle reaches area of the financial agglomeration conditions are relatively poor.Second,using PVAR model for as well as on middle and lower reaches of the Yangtze river economic belt region to explore empirically the relationship between financial agglomeration and economic growth,and then according to the empirical results,conclusion,and targeted puts forward the countermeasures and suggestions to promote the development of the Yangtze river economic belt regional financial industry.This article research conclusion includes: first,from the overall level of the Yangtze river economic belt,the financial agglomeration and economic growth in the short term the good interactive relationship,but long-term performance is not obvious.Second,the downstream area of economic development level and financial agglomeration is the best,for financial agglomeration has a significant role in promoting economic growth,but the financial agglomeration effects on economic growth is not obvious;Middle reaches area of the financial agglomeration level is low,but has obvious promoting effect on economic growth,andeconomic growth is not obvious to the promotion of financial agglomerationdegree;Upstreamregionof economic growth on financial agglomeration has significant role in promoting,but financial agglomeration driven on economic growth is not obvious.Third,the present financial agglomeration in promoting effect on economic growth doesn't become a dominant factor,financial agglomeration of contribution rate of economic growth is limited,but economic growth for the promotion of financial agglomeration effect is obvious,to expand the play of financial agglomeration effect.