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Research On Measurement Of Beijing-Tianjin-Hebei Financial Coordinated Development And Its Impact On Economic Growth

Posted on:2020-11-05Degree:MasterType:Thesis
Country:ChinaCandidate:L C GeFull Text:PDF
Abstract/Summary:PDF Full Text Request
In the process of coordinated development of Beijing,tianjin and hebei,financial support is indispensable.The coordinated development of finance in Beijing,tianjin and hebei plays an important role in narrowing the differences of regional financial development,optimizing the allocation of financial resources and promoting the balanced growth of regional economy.First of all,this paper studies the theory and internal logic of financial synergy development and economic growth.On this basis,the coordination development degree of the present situation and the development of financial statistical analyses,using the relevant data of 2004-2017,from the perspectives of economic aggregate,industrial structure,this paper introduces the economic development of the beijing-tianjin-hebei region,from the added value of the financial sector,banking,securities and insirance,and other Angle introduced the beijing-tianjin-hebei financial development;From the perspective of financial correlation rate and capital price,this paper investigates the differences of financial development in beijing-tianjin-hebei region,measures the degree of coordinated financial development in recent years with the method of deposit and loan analysis,and quantitatively measures the differences of coordinated financial development in beijing-tianjin-hebei region with the thiel index and gini coefficient.The study found that there was a great difference in financial development between Beijing,tianjin and hebei,but after 2015,the difference showed a narrowing trend,and the degree of coordinated financial development in Beijing,tianjin and hebei was improved.Secondly,an empirical analysis is conducted on the impact of financial coordinated development in Beijing,tianjin and hebei on economic growth:an individual fixed effect model is built with economic growth as the dependent variable,financial coordinated development in Beijing,tianjin and hebei as the core independent variable,and capital,labor and innovation input as the control variables.It is found that the coordinated development of finance in Beijing,tianjin and hebei is conducive to promoting economic growth.Then,the paper studies the beijing-tianjin-hebei sub-region:it focuses on the synergy between financial development and economic growth in each region,constructs the vector autoregression model,and investigates the impact of financial development on economic growth in beijing-tianjin-hebei by means of impulse response function.The study found that:the financial development of all regions is conducive to economic growth,but when it hits the financial development,the economic growth of Beijing region is more volatile.Finally,based on statistical analysis and the research results of the empirical analysis,summarized the current development of beijing-tianjin-hebei financial synergies,as well as the influence on economic growth,further promote the development of beijing-tianjin-hebei financial synergy,make full use of local advantages of the beijing-tianjin-hebei financial development,aspects and so on should be related to challenge actively put forward the corresponding policy recommendations.
Keywords/Search Tags:Financial Coordinated Development, Economic Growth, Fixed Effect Model, VAR Model, Impulse Response
PDF Full Text Request
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