Evaluation Of The Efficiency Of Financial Agglomeration In The Western Triangle Economic Circle

The economic circle of the "West Triangle",as a complex economic zone covering the Chengdu Chongqing Economic Zone and the Guanzhong-Tianshui Economic Zone,has important strategic and practical significance.Since the reform and opening up,the economic circle of the Pearl River Delta,the Yangtze River Delta and the Bohai rim has been the growth pole of China's economic development.But the three growth poles are all distributed in the eastern coastal area.With the deepening of the new normal reform and the promotion of the economic gradient,there is bound to form a corresponding growth pole in the Midwest.For the study of the "West Triangle" economic circle of financial agglomeration efficiency,this article selects 2011-2015 in "West Triangle" area of 3 provinces / municipalities of the 30 prefecture level cities and prefecture level city level and above city relevant index data,using factor analysis to measure the "West Triangle" economic circle of financial agglomeration level,the city of financial agglomeration the comprehensive score,analyzed the difference between the main city in the area of financial resources and financial agglomeration;and establish the corresponding input-output indexes,using the DEA analysis method of CCR and BCC model to the "West Triangle" economic circle 30 city of technical efficiency,pure technical efficiency and scale efficiency of decomposition analysis.Finally,considering the particularity of the "West Triangle" economic circle,the DEA-Tobit model is introduced to analyze the important factors that affect the efficiency of financial industry agglomeration in this area.The main conclusions are as follows:1.The distribution of financial resources in the "West Triangle" area is very uneven,concentrating on the three cities of Chengdu,Xian and Chongqing.The huge gap in the development of the regional financial industry makes the financial resources gathering and the efficiency of financial agglomeration in the economic circle of the West Triangle face great challenges.2.In addition to the three center of the city of Chengdu,Xian,Chongqing's financial agglomeration efficiency to maintain good momentum of sustained development,the financial industry in other areas of the West Delta economic circle agglomeration efficiency is in a transient state of validity,nearly 5 years without the formation of agglomeration efficiency continued to improve the situation;compared with the pure technical efficiency,"West Triangle" financial agglomeration scale efficiency can upgrade a larger space.3.The "West Triangle" economic circle of financial agglomeration efficiency overall in the stage of increasing returns to scale,increasing returns to scale in so many areas,indicating the development of the regional financial enterprise scale is still in the initial stage,the financial industry agglomeration and further improve the financial agglomeration efficiency exists in reality and feasibility.4.Finally,using DEA-Tobit regression analysis model,the empirical results show that the characteristics of the "West Triangle" area,this area will need to continue to make up for deficiencies inthe economic basis,information communication level,financial innovation level,also need to pay attention to an important role in promoting the government factors and economic opening factors in improving "the financial agglomeration efficiency of West Triangle Economic circle.