Research On Beijing-tianjin-hebei'sregional Financial Agglomeration Spatial Spillover Effect

At present,the financial industry in Beijing,Tianjin and Hebei has developed rapidly.The role of finance as an engine of economic growth has become increasingly obvious.However,there are some significant differences in the development of financial industry among Beijing,Tianjin and Hebei province,which presents the obvious gradient distribution,and imbalanced distribution in the financial resource.Under the background of the collaborative development in Beijing,Tianjin and Hebei Province,it's a key strategic issues that how to make financial agglomeration fully play a promote role to the regional economic growth and promote the power of economy sustainable development in the future.Based on this,this paper studies spatial spillover effects of financial agglomeration on regional economic growth in Beijing,Tianjin and Hebei from the perspective of spatial location.First of all,combing domestic and foreign literature and frontier theory,this paper analyzes the present situation of regional economic and financial development of Beijing,Tianjin and Hebei,and uses the location and factor analysis method to calculate the financial concentration degree of Beijing,Tianjin and Hebei respectively,determines the financial industry in each city economy the development of the status.The results show that there are obvious differences in financial agglomeration degree between Beijing,Tianjin and Hebei.At present,the level of financial agglomeration in Beijing and Tianjin is higher,especially in Beijing.The financial development level of Beijing and Tianjin is higher than that of other cities.Growth pole,the development of the surrounding area has a significant impact for the post-study pave the way to do.Then,based on the spatial autoregressive partial differential method and Wilson model,analyze that regional financial agglomeration impacts on economic growth's spatial spillover effect、influence path and radiation radius.Research shows that: on the one hand,the regional financial agglomeration exists significant spatial spillover effects during the sample period,and its path of the spillover effect mainly include: financial scale and financial efficiency.The financial efficiency acts a more effective role than the financial scale on spatial spillover effects of economic growth.At this stage,on the other hand,the Beijing and Tianjin,as a economic growth pole of the region,radiate the surrounding cities,but can't make a comprehensive improvement to the Hebei province.Along with the advancement of the coordinated development of the region,the dual-core model of Beijing and Tianjin,and the Beijing-tianjin-hebei three nuclear model will drive the regional economic growth faster.Finally,summarizes the important conclusions of this article,combined with the conclusions put forward policy suggestions to promote the development of regional financial,so as to promote the regional economy coordinated development in Beijing,Tianjin and Hebei Province.