Manufacturing Agglomeration,Financial Development,and Regional Economic Transformation And Upgrading

In recent years,my country’s economy has developed rapidly,and the economic level of various regions has continued to grow.Manufacturing agglomeration and financial development have played a huge role in the process of economic development.However,as my country’s economic development has entered a new period,economic development is no longer just a request for an increase in the size of the economy,but more importantly,the accurate regional economy is transitioning to a more reasonable structure.This paper conducts relevant theoretical research and literature review,and theoretically analyzes the evolution and influence mechanism of manufacturing agglomeration,financial development,and regional economic transformation and upgrading,divides financial development into financial scale and financial efficiency,and establishes a theoretical model.Then,using the data from 2007-2017 of 284 prefecture-level cities across the country as a sample to calculate the manufacturing agglomeration,financial development,and economic transformation of the region.It was found that in the 11 years from 2007 to 2017,the prefecture-level cities with major cities in the provinces and cities with a location quotient greater than 1 include Shenzhen,Changsha,Zhengzhou,Shanghai,Changchun and Tianjin.Among them,Shenzhen has the highest location quotient.Reached 1.87,and showed a year-on-year upward trend.Financial development is considered in terms of financial scale and financial efficiency.The regional economic transformation and upgrading values are all positive and increasing year by year.On this basis,the analysis of the Moran index of manufacturing agglomeration found that the spatial dependence of manufacturing agglomeration showed an upward trend.The calculation of the Theil index of financial development found that the differences in financial development are mainly composed of intra-regional differences.According to the calculation of the Gini coefficient of the level of regional economic transformation and upgrading,it is found that the overall differences among regions,intra-regional differences and inter-regional differences show a downward trend,and the main part of the overall differences is inter-regional differences.Based on some statistical analysis data,a fixed effect model was selected.The regression results show that the increase in financial scale in China as a whole has a positive effect on regional economic transformation and upgrading,but the increase in financial efficiency is not conducive to regional economic transformation and upgrading.Manufacturing agglomeration has a positive effect on regional economic transformation and upgrading.Industrial agglomeration and financial development have jointly promoted the transformation and upgrading of regional economies.From a regional perspective,the impact of manufacturing agglomeration on the economic transformation and upgrading of the Yangtze River Delta region is not obvious,but financial development shows a positive effect.The combined effect of manufacturing agglomeration and financial development is not conducive to regional economic transformation and upgrading.In the Beijing-Tianjin-Hebei region,the agglomeration of manufacturing industries has promoted regional economic transformation and upgrading.The increase in financial scale is conducive to regional economic transformation and upgrading,but the increase in financial efficiency is not conducive to regional economic transformation and upgrading.The combined effect of manufacturing agglomeration and financial development is not conducive to regional economic transformation and upgrading.In the Central Plains,manufacturing agglomeration has promoted regional economic transformation and upgrading.The increase in financial scale is conducive to regional economic transformation and upgrading,but the increase in financial efficiency is not conducive to regional economic transformation and upgrading.The combined effect of manufacturing agglomeration and financial development is not conducive to regional economy.Upgrade.In the southwestern region,manufacturing agglomeration has a positive effect on the economic transformation and upgrading of the southwestern region.The financial scale has a positive impact on the economic transformation and upgrading of the southwestern region.The increase in financial efficiency has a negative impact on the local transformation and upgrading.Manufacturing agglomeration and financial development are common The role is conducive to regional economic transformation and upgrading.The study aims to provide reference for the better development of the regional economy by analyzing the characteristics of manufacturing agglomeration and financial development and the impact on the transformation and upgrading of the regional economy.