Research On The Relationship Between Financial Industry Agglomeration And Economic Growth In Shandong Province

With the development of the economy and the emergence of globalization,the financial industry continues to grow and grow,and its influence in the economic operation is increasing day by day.As a national economic province,Shandong Province has been accelerating its economic development since the reform and development,and its industrial structure has also changed.The influence of the financial industry as a tertiary industry on the reform strategy of the industrial structure in Shandong Province in the new period is enormous.In 2013,Shandong proposed a financial reform program.In 2016,it also planned for the development of the financial industry during the 13 th Five-Year Plan period.It is of practical significance to study the concentration of financial industry in a specific region and the correlation with the economic level in Shandong Province.Through the study of the relationship between the two,it is found that they are positively promoted,that is,the intensive distribution of financial institutions in a certain area can affect the rise of economic level.On the basis of this conclusion,it analyzes the problems existing in the financial industry in Shandong Province and proposes constructive policies for how to develop the financial industry.First,the background of the topic selection and the significance of the research are expounded,and the results of research on this issue at home and abroad are summarized and reviewed.Second,it elaborates the connotation of industrial agglomeration and economic growth,sorts out the economic principles embodied in the phenomenon of financial agglomeration,and reveals the path that financial agglomeration influences the economic level.Third,analyze the agglomeration phenomenon and the existing problems in the development process of the financial industry in Shandong Province.This article describes the financial industry from the perspective of the total economic output of Shandong Province and the development of the financial industry at this stage.According to the regional development plan of Shandong Province,17 cities and districts are divided into four regions,and the degree of financial agglomeration is evaluated by using relevant indicators that measure the degree of industrial agglomeration.Fourth,establish an econometric model to empirically analyze the linkage between financial agglomeration and economic level in Shandong Province.The location entropy data of financial employment in 17 cities from 2006 to 2016 are used in the construction of the panel model,with gross domestic product GDP,location entropy LQ,total fixed assets investment K,fiscal expenditure G,R&D expenditure R,population L The variable studies the impact of the concentrated layout of the financial industry on the economic level and draws empirical conclusions.Finally,on the basis of the empirical conclusions obtained,an in-depth analysis of the financial industry in Shandong Province is made and feasible suggestions are made for financial reform and planning.