Research On The Impact Of Financial Development On Marine Economic Growth

The 21 st century is undoubtedly the ocean century.With the increasing consumption of land-based energy and resources,the ocean has increasingly become the last treasure house of resources for human survival and development.The development of marine economy provides a new engine for the sustainable development of regional economy.Therefore,it is very important to seize the commanding point of marine economic development to win the leading power of future economic growth.Finance,as the lifeline of economic operation,greatly promotes regional economic growth by guiding the flow and allocation of factors of production,which has formed a large consensus in the academic community.But the marine economy itself has some uniqueness,for the financial more developed coastal provinces and cities,how is the financial development What is the difference between regional finance and marine economic growth which affects the marine economic growth is the focus of this paper.In order to study the influence of financial development on marine economic growth,this paper first combs the research results of domestic and foreign scholars in related fields,and on the basis of analyzing the relevant theories,from the economic growth,The influence mechanism of financial development on marine economic growth is analyzed from three aspects of industrial adjustment and technological innovation.Secondly,the paper measures and calculates the financial development level of 11 provinces and cities along the mainland(hereinafter referred to as "coastal areas")by entropy method,and classifies them by means of cluster analysis.Then,with the 2006-2015 coastal panel data sample,through the regression analysis method to verify the financial development of the ocean.The impact of economic growth.On this basis,the coastal areas are divided into the northern,eastern and southern coastal areas,and the differences between the development of regional finance and the marine economy are analyzed.Finally,based on the three transmission mechanisms,this paper further analyzes the influence of financial development on marine economic growth in coastal areas.Through a series of analysis,this paper draws the following conclusions:(1)from the point of view of time dynamic evolution,the level of financial development in the 11 coastal provinces and cities shows a steady growth trend in the whole research period.(2)through the empirical results of panel data,it can be seen that the regional financial development plays an important role inpromoting marine economic growth,and the human capital and capital stock also promote the growth of marine economy.However,the investment in scientific research has no effect on the growth of marine economy.(3)for the three coastal regions,there is a gap in the effect of financial development on marine economy.(4)Financial development links.Economic growth,industrial adjustment and technological innovation are three transmission mechanisms to promote marine economic growth,and these three channels will strengthen the financial impact on the marine economy.Comprehensive analysis,based on the conclusion of the article put forward a series of policy recommendations.