Study On The Coupling Analysis Of Shanghai Financial Agglomeration And Economic Growth In Yangtze River Delta

The Yangtze River Delta region is one of the most developed regions in China.Shanghai has a high level of financial development and obvious effect of financial agglomeration.It has a significant radiation effect on JiangSu Province,ZheJiang Province and AnHui Province.The problem of financial agglomeration and regional economic growth is an important issue in the economic operation in recent years.The degree of correlation and coordination between the two is of great significance for regional coordinated development.There are many factors influencing economic development.This paper studies the relationship between financial agglomeration and economic growth from the perspective of financial agglomeration.In this paper,the coupling model in physics is used to analyze the coupling relationship between the financial agglomeration in Shanghai and the economic growth in the Yangtze River Delta region,which provides the theoretical and practical basis for the coordinated development of the Yangtze River Delta region.Firstly,this paper combs the relevant literatures about financial agglomeration and economic growth at home and abroad,and analyzes the coupling mechanism and time rule of financial agglomeration and regional economic growth by means of industrial agglomeration theory,synergy theory and coupling theory.Secondly,this paper analyzes the current situation of financial agglomeration in Shanghai,the present situation of economic development in Shanghai,and the economic development situation in three provinces of Jiangsu,Zhejiang,Anhui,which lays the foundation for studying the coupling relationship between financial agglomeration and economic growth in the Yangtze River Delta..Thirdly,the evaluation index system of Shanghai financial agglomeration and regional economic growth is established.Through the coupling model,the coupling analysis of Shanghai financial agglomeration and Yangtze River Delta economic growth from 1997 to 2018 is carried out.It is shown that not only the coupling correlation between Shanghai financial agglomeration and local economic growth is strong,but also the coupling correlation between Shanghai financial agglomeration and economic growth in JiangSu,ZheJiang and AnHui is also very high.The coupling and coordination of financial agglomeration and economic growth between the core region of Shanghai and JiangSu,ZhJiang,AnHui has experienced a process from serious imbalance to high-quality coordinated development.This is in line with the four development stages of the coupling system of financial agglomeration and regional economic growth,which goes through the formation stage,the rapid agglomeration stage,the stable development stage and the diffusion transfer stage in turn.In addition,according to the empirical results,it is found that the main reasons for the serious imbalance of the financial agglomeration in Shanghai and the economic growth in the Yangtze River Delta region are that the financial industry was imperfect at that time,the financial market system was not established,and the financial agglomeration did not play a strong role in promoting the economic growth.At present,the financial market in Shanghai still has the problem of incomplete market-oriented operation,which is a kind of administrative-dominated market.The leading role of Shanghai to the Yangtze River Delta region is not strong,the radiation range is not deep,the infrastructure,the financial talents are not fully shared,the financial factors are not fully flowing to the Yangtze River Delta region,and the financial ecology of the Yangtze River Delta region needs to be improved.Finally,the article aims at the above problems,in order to promote Some policy suggestions are put forward for the financial agglomeration in Shanghai and the coordinated economic development in the Yangtze River Delta region.