An Empirical Study On The Impact Of Financial Development On New Urbanization In The Western Region

In order to promote the better and faster development of our economy,China has put forward the goal of promoting urbanization construction in an all-round way in the National urbanization Planning(2014-2020),and has defined the development direction of urbanization construction in the future.The development of urbanization needs a lot of capital investment,can not be separated from financial support,financial development for the construction of urbanization to provide financial support,so it is necessary to establish a sound financial system to meet the capital needs of urbanization.The new urbanization level and financial development level in the western region of China are slower than the national development,so it is of great significance to study the influence of financial development in the western region on the new urbanization.Based on the present situation of new urbanization and financial development in western provinces,this paper studies the relationship between the two.First of all,this paper draws on the theory of urban and rural dual structure,industrial structure theory and financial development theory to understand the connotation and foundation of the new urbanization and financial development,and holds that the new urbanization and financial development form a new understanding,which is the starting point of the new urbanization and financial development research.Secondly,by collecting a large amount of data,this paper explains the new urbanization level and the present situation of financial development in the western provinces respectively,and expounds the present situation and analysis of the financial development support for the new urbanization in the western region.Then,the entropy value method is used to evaluate the new urbanization level and financial development level synthetically.Finally,the influence of financial development scale,financial development structure and financial development efficiency on new urbanization is studied.The empirical results show that:According to the entropy value method to evaluate the new urbanization development level in the western provinces,it is concluded that there are great differences in the development level of new urbanization in the western provinces,which can be divided into three echelons according to the degree of development,the first echelon includes Shaanxi,Chongqing,Sichuan and Inner Mongolia,and the second echelon includes Xinjiang,Ningxia,Guangxi;The third tier includes Guizhou and Tibet.The entropy value method is used to evaluate the financial development level from three aspects of financial scale,financial structure and financial efficiency.According to the level of financial development can be divided into three echelons,the first echelon includes Chongqing,Nei Meng Gu,Shaanxi,Sichuan,NingXia,Gansu,;the second echelon includes Qinghai;Guizhou,Yunnan,Xinjiang;the third tier includes Guangxi and Tibet.From the overall level of the impact of financial development on the new urbanization,the level of financial development has a significant positive impact on the new urbanization.From the point of view of financial development to the local level of new urbanization,the financial scale,financial structure and financial efficiency have different influence on the new urbanization construction at various levels.This shows that the impact of financial development level on the new urbanization is more complex,and with the advancement of new urbanization,the impact of financial development on the new urbanization will also change,and even for the new urbanization has a reverse role in the obstruction.