The Spatial Measurement Research On The Industrial Structure Upgrading Affected By Financial Agglomeration In Shandong Province

As the important part of social development in financing,the financial industry will act as an important role to allocate financial resource in every industry in the whole society,plays an important role in the whole macroeconomic operation efficiency.In the background of the rapid development of economic globalization and information technology,financial agglomeration has become the general phenomenon of financial development,become the basic form of modern financial industrial organization.People about the idea that financial agglomeration has a positive role in promoting regional economic development had reached a consensus.In economic development,one of the key is to optimize the industrial structure Concentrated area industry benefit from financial agglomeration owns agglomeration effect and scale effect,the industry structures get optimization and adjustment,and in the process,the financial institutions of financial agglomeration area are provided good solid economic basis.Shandong province has a good geographical advantage and economic development background,and is in a critical period of deepening financial reform,the development of financial industry and the adjustment of industrial structure is currently the two strategic tasks in Shandong province.Application of spatial econometric model analysis,it is concluded that:(1)there is a causal relationship between financial agglomeration and industrial structure upgrade in Shandong province.Financial agglomeration to guide industry agglomeration;(2)the banking development of Shandong province is relatively mature,the banking industry agglomeration has the most significant impact on industrial structure upgrade;(3)the industrial structure of the city with higher degree of financial agglomeration is more vulnerable to financial agglomeration positive impact.According to the research conclusion,there are some suggestions:(1)improving the efficiency of the allocation of resources and using a variety of financial instruments;(2)equilibrium level of financial sector development in Shandong province,promoting the competitiveness of the financial sector in Shandong;(3)accelerating the emergence of financial agglomeration through the way of building financial center.Study about how the development of financial industry and the financial agglomeration adjust of industrial structure has a profound significance in Shandong province,aimed at enhancing the competitiveness of the financial industry of Shandong province,further improving financial resources allocation efficiency to promote macroeconomic and enterprises,optimizing and adjusting industrial structure,finally realizes the Shandong by the economic big province in economy strong province of development by leaps and bounds.The innovation of the paper is that the spatial econometric analysis of financial agglomeration in 17 cities of Shandong province is made for the first time,and its effect on industrial structure upgrade status in each city was analyzed as well;the conclusion provided certain reference for the further development of financial industry,promote the competitiveness of the industry and adjusting the industrial structure in Shandong province.