Research On The Efficiency Of Financial Resource Allocation In Inner Mongolia Autonomous Region

Finance is the core of the modern economy and one of the country's important core competitiveness.Financial resources can not only increase the output value of the financial industry by optimizing their own allocation,but also promote the development of the local economy through the allocation of other social resources and natural resources.Therefore,studying the efficiency of local financial resource allocation is of great significance for promoting the integration of local industry and finance and improving the level of local economic development.Through the analysis of the status quo of financial resources allocation in Inner Mongolia Autonomous Region,this paper believes that the total financial resources of Inner Mongolia Autonomous Region is expanding continuously during the inspection period,but the overall scale is ranked lower in the country.The banking,securities,insurance,and foreign investment industries are developing better.In particular,the insurance industry in Inner Mongolia has developed rapidly in recent years,but the financial resources structure is relatively uneven.Banking financial resources accounted for more than 90% of the total regional financial resources,forming a pattern of financial tilt.The data envelopment analysis method is used to empirically study the efficiency of financial resource allocation in Inner Mongolia Autonomous Region.The results show that the current financial resource allocation efficiency in Inner Mongolia Autonomous Region is low,and the efficiency level has not reached the national average.From a static point of view,it is mainly affected by the operation of the financial system of the Inner Mongolia Autonomous Region and the management level of the financial industry.From a dynamic point of view,the backward production technology in the region is the main reason for the inefficient allocation of financial resources in Inner Mongolia Autonomous Region.Based on the above conclusions,Inner Mongolia Autonomous Region should improve the financial market system and promote the balanced development of the financial market.At the same time,it will improve the level of regional production technology,promote financial informationization,and strengthen financial innovation,making it a strong support for economic development.