Research On The Influence Of Financial Agglomeration On Industrial Structure Upgrading Under The Background Of Government Intervention.

With the development of global economic integration,financial resources have become more and more liquid in the world,and the phenomenon of financial agglomeration has become increasingly obvious,which has gradually become the main direction of modern financial development.The financial agglomeration causes the scale effect,produces the external economy,facilitates the industrial structure upgrade,promotes the regional economy to develop rapidly.Our government realize the fiscal decentralization system,the inevitable result is that local governments in order to maintain rapid economic growth,improve competitiveness and active intervention in the economy running track,through administrative means and policy support,we will increase support for a particular industry.Among them,in addition to the policy rules,administrative controls,the government direct effects on industry development way is the money flows through the intervention in the financial market,pushing more money flowing into the government key support industry,that is,government intervention's influence on the upgrading of industrial structure is implemented through the financial market.This paper,taking the country 30 provinces and cities as the research object,select13 years in 2004-2016 panel data to carry on the empirical analysis,key research under the background of government intervention in the financial agglomeration effect on industrial structure upgrade.Article first in the result of the government intervention,financial agglomeration and industrial upgrade related concept description,on the basis of analyzing the mechanism of action of the government intervention in the financial agglomeration,and the financial agglomeration mechanism of industrial structure upgrade.Secondly,based on the statistical analysis of the present situation and problems of the national financial agglomeration and industrial structure,location entropy and upgrade of industrial structure index were used respectively to financial agglomeration level and the upgrading of industrial structure on the measure,and points out the problems existing in the industrial structure in our country.Then,set up financial agglomeration as the explained variable,government intervention as regulating variable,upgrading of industrial structure to be explained variables,the other to introduce technology progress,human capital stock and other six control variables,through unit root test,cointegration test and model test set individual fixed effects model,carries on the regression analysis of variables.Finally,according to the regression results,the corresponding conclusions are drawn,and Suggestions are proposed to accelerate the construction of regional financial center,reduce government intervention,and increase r&d investment.