Study On Measurement Of Financial Industry Agglomeration And Economic Growth Effect Of The Yangtze River Economic Belt

Under the background of economic integration,the flow of financial resources between regions is speeding up,and the cooperation between financial institutions is deepening.After the mature development,there is a trend of agglomeration,and the impact of financial industry agglomeration on economic growth is increasing.In fact,the importance of financial industry to the national economy is deepening,which has become the core of the contemporary economy.As one of the economic demonstration regions in China,the added value of financial industry in the Yangtze River economic belt is increasing in proportion to its economy,and the agglomeration trend is becoming more and more obvious,but at the same time,it is facing problems such as unbalanced regional development.Therefore,it is of great significance to study the financial industry agglomeration and its economic growth effect for the high-quality development of the Yangtze river economic belt.This paper mainly studies the agglomeration degree of financial industry and its economic growth effect in the Yangtze River economic belt,combining theoretical analysis with empirical test.Firstly,this paper reviews the domestic and foreign research results to sort out the dynamic agglomeration process of financial industry,concludes that agglomeration is a spatial-temporal dynamic development process,and sorts out the impact mechanism of financial industry agglomeration on economy.Secondly,this paper selects the relevant data of each province in the Yangtze River economic belt from 2008 to 2017,describes the development of the financial industry from the perspective of the whole financial industry,banking,securities industry,insurance industry,etc.,analyzes the degree of financial industry agglomeration,shows the evolution process of the degree of agglomeration by using ArcGIS software,and measures the financial industry agglomeration of the Yangtze River economic belt by using location entropy index and standard location entropy index Degree of polymerization.Then,on the basis of the financial industry agglomeration on economic growth mechanism,this paper selects the level of economic growth and the financial industry agglomeration level,capital input,labor input and technology structure index system of financial industry agglomeration economy effect,geographical adjacency relations weight matrix structure,through the space since the correlation test,using Matlab R2018b inspection measure,through panel data and the spatial lag model for empirical analysis.The results show that the financial industry agglomeration in the Yangtze River economic belt has significant direct and total effects on economic growth,but not significant spillover effects on neighboring areas.The endogenous interaction makes the financial industry agglomeration have a greater feedback effect on economic growth.Finally,according to the empirical conclusion and theoretical analysis,the paper puts forward some suggestions,such as strengthening the financial agglomeration of the central city,multi-point and multi-faceted,breaking the regional barriers and soon.Figure 10 Table 18 Reference 73.