Research On Spatial-Temporal Patterns Of The Co-evolution Of Financial Agglomeration And Industrial Structure In Major Cities Of China

The financial system is the hub of the modern market economy operating mechanism.The improvement and functioning of financial market are realized more by means of financial agglomeration(abbreviated as FA)channels.FA occurs at the same time as continuous economic growth,and it continues to promote the further development of the economy by optimizing the allocation of industrial resources.Since more than 40 years of Reform and Opening up,Both China's urban industrial structure(abbreviated as IS)and financial development level have improved,however,the existing domestic and foreign related studies mostly focus on the unilateral correlation between the two variables.Based on the dual background of facts and theory,this paper builds a dual system Coupling and Coordination Model of the synergy and interaction between FA and IS.It selects 19 variables from China's 285 major cities from 2004 to 2017 to establish a system index evaluation system.The quantitative measurement of the degree of coupling and coordination between the FA and IS of each city during the sample period was conducted to explore the spatial-temporal distribution pattern and dynamic evolution of the coupling and coordination degree.The research results show that:?China's urban FA level is generally low but has a clear upward trend,accompanied by a polarization trend,and the overall level of the IS has remained stable before 2015.?The coupling and coordination degree has increased over time and show a clear trend of spatial agglomeration,which is highly correlated with the economic and social development level.Highly coordinated cities are mainly concentrated in the Pan Bohai Rim,the eastern coast and the Pearl River Delta.?The degree of spatial correlation of the level of FA-IS coordination is in a trend of increasing fluctuations.The Bohai Rim,the eastern coastal areas and the Pearl River Delta region show high-high and low-high clusters,and the central and western regions are mainly low-low and high-low clusters,and low-level aggregation plaques tend to shift southwest.?The intra-group inequality component of the FA-IS coordination degree is stable and low.The coordination mode within the economic zone shows regional characteristics.The key to rectifying the regional imbalance of FA-IS coordination is to reduce the inequality between groups.?The "dual polarization" and"multi-polarization" trend of the coupling and coordination of FA and IS is deepening.Except for the middle reaches of the Yangtze River,the relative differences within the other 7 economic zones are gradually narrowing,and the cities within regions with high economic development level have extremely large ranges.?The stability of the FA-IS coordination level is strong,and there is a certain path dependence,which makes it difficult to achieve rapid progress and hierarchical transition.There appear to be a clear"club convergence" feature in the spatial distribution.The higher the coordination level of neighbors,the higher the probability of self-rise.