The Influence Of Financial Agglomeration On Industrial Upgrading And Green Development In Five Northwest Provinces

Industrial upgrading and green development is an important measure to implement high-quality economic development in China.Financial agglomeration promotes the process of industrial upgrading and green development by providing financial support for industrial development.As an important node of the strategy of "developing the West" and the strategy of "Belt and Road",the five northwest provinces rely on their unique geographical advantages and policy advantages,the rapid economic development of the region,the balance of deposits and loans of financial institutions,and the number of network points of financial institutions.The number of employees in the financial industry has increased significantly,and the characteristics of financial agglomeration are remarkable.In view of this,this paper,from the perspective of financial agglomeration,empirically analyzes the promoting effect of financial agglomeration on industrial upgrading and green development,and verifies whether the coordinated unity of industrial upgrading and green development can be realized under the driving effect of financial agglomeration.Therefore,it provides corresponding policy suggestions for promoting the development of financial agglomeration and accelerating the pace of industrial upgrading and green development.The main research contents of this paper are as follows: firstly,it combs the theory of financial agglomeration,industrial upgrading and green development,and explores the role of financial agglomeration in promoting industrial upgrading and green development.Secondly,taking the impact of financial agglomeration on industrial upgrading and green development in five northwest provinces as the research object,based on the inter-provincial panel data of 2001-2015,With the help of factor analysis model and super-efficiency DEA model,the paper makes a descriptive statistical analysis on the present situation of financial agglomeration,industrial upgrading and green development in five northwest provinces.Finally,the panel model,threshold model and coupling model are used to discuss the promotion effect of financial agglomeration on industrial upgrading and green development and the harmonious relationship between industrial upgrading and green development.Through theoretical and empirical analysis,the following conclusions are drawn: the characteristics of financial agglomeration in the five northwest provinces are remarkable,the level of financial agglomeration is improving with the gradual improvement of financial market,and the process of industrial upgrading and green development is advancing with the adjustment of industrial policy.The industrial structure tends to be upgraded and rationalized,and the level of green development of the industry has improved significantly.From the overall level,the financial agglomeration in the five provinces of Northwest China plays a powerful role in promoting industrial upgrading and green development,which is limited to the level of financial agglomeration in the five provinces of Northwest China,and the financial agglomeration does not give full play to the promotion of industrial upgrading and green development.The degree of coupling and coordination between industrial upgrading and green development is at a low level,showing a trend of U-type development,and the industrial upgrading and green development tend to develop harmoniously.The innovation of this paper mainly lies in the following two aspects: on the one hand,based on thestrategy of sustainable economic development,we put industrial upgrading and green development in the same system,and explore the role of financial agglomeration in promoting both.And verify that under the promotion of financial agglomeration whether to achieve the coordinated development of the two.On the other hand,for a developing country,the development between regions is not balanced,the factor endowment is very different,based on the analysis of the whole country can not grasp the situation of the regional level,this paper takes the five northwest provinces as the research perspective.It improves the pertinence of the research content.