| As a high-end industry in the tertiary industry,the financial industry is a reasonable collection and allocation of talent flow,intellectual flow and capital flow.Under the background of economic globalization,financial resources will accelerate and converge to a certain region,then financial agglomeration effect is formed.While promoting the development of the financial sector,the agglomeration effect will further promote structural adjustment of regional industries and promote economic quality and efficiency.Based on the summary and research of the measurement of financial agglomeration and the theory of financial agglomeration,the paper objective analyzed the development level and the agglomeration degree of Changsha's.Then analyzed the financial agglomeration degree of Changsha from the aspects of financial practitioners,the added value of financial industry and the format structure by means of location entropy index.Combined with the reality,the paper analyzed the advantages and disadvantages of the development of Changsha's financial agglomeration comprehensive.On this basis,the paper analyzed the influencing factors of the financial agglomeration in Changsha by using the relevant data from 1994 to 2015.In order to solve the problem of multicollinearity among several independent variables,the principal components analysis was carried out on the respective variables,a number of independent variables with a certain correlation were combined into several irrelevant principal components,and further established a multiple linear regression model for principal components and dependent variables to carry out empirical tests.It is concluded that the economic development,the financial development,social environmental factors and government policy factors have a significant impact on the degree of accumulation of financial industry in Changsha.Finally,this paper put forward a series of relevant suggestions for the improvement of the financial agglomeration degree in Changsha City. |
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