Financial Agglomeration On Economic Growth In B&R Provincial Under Spatial Spillover Perspective

Since 2013,Xi Jinping proposed to build the "Silk Road Economic Zone" and "21st Century Maritime Silk Road",how to develop economic rely on financial has become a highly concerned issue.As we all know,economic development is the lifeline of a country's development,occupying an important position in a country's development strategy.With the development of network technology,financial resources have broken the traditional limitation to achieve cross-regional movement,and concentrated on a regional to form financial agglomeration;research shows that financial resource distribute uneven and the degree is quit different along the “R&D” provincial(The belt and Road).Vision and proposed actions outlined on jointly building Silk Road Economic Belt and21st-Century Maritime Silk Road pointed out that in the process of promoting “R&D”provincial should take the economically developed areas as the core,and promote the development of different scale grades around it to enhance the regional economic development level.In context,it has a great significance important for regional financial cooperation and economic growth from the spatial spillover perspective to research financial agglomeration space spillover effect.This paper uses “R&D” provincial pane data,studying the non equilibrium characteristics and spatial spillover effects of financial agglomeration.Firstly,this article makes a comprehensive analysis on the domestic and foreign research on financial agglomeration spillover effect of economic growth,from analyzing the financial agglomeration spillover model from different perspectives,and research the spatial correlation and spatial spillover effects of The Belt and Road regional provinces along the financial agglomeration levels were summarized.Secondly,using the local spillovers model(LS model)described financial agglomeration mechanism on economic growth in the core area and the fringe area in detail.Again,calculating the provinces,Moran s' I index along the “R&D” provincial area by the location entropy method,analysis the spatial distribution pattern and spatial correlation of “R&D” provincial financial agglomeration level,using the classical econometric model and spatial econometric model empirical analysis the economic effect of financial agglomeration,decomposing the financial agglomeration spillover effect into two parts by partial differential method,including the specific regional spillover effect and inter regional spillover effects.Finally,according to the above empirical results,and from financial scale,financial efficiency,foreign investment and green finance four aspects to put forward some countermeasures and suggestions.The innovation of this paper is the use of spatial regression model partial differential method to research on the spatial spillover effect of financial agglomeration,it will further enrich and develop the theory of regional economic growth,also provide the decision-making reference for government how to use the financial help economic development in the “R&D” provincial...