Research On Financial Resources Allocation Efficiencyand Influencing Factors Of The Yangtze River Economic Belt

In recent years,China's economy has developed rapidly and people's living standards have greatly improved.The financial industry plays an important role in economic development,and economic development also promotes the progress of financial level.In recent years,China's economy has developed rapidly and people's living standards have greatly improved.Finance plays an important role in economic development,and economic development also promotes the progress of financial level.However,the large disparity in economic levels among regions also results in the amount of financial resources and the efficiency of financial resource allocation.As a special social resource,how to evaluate financial resources is particularly important.Generally speaking,the evaluation of regional financial resources is achieved through the financial system or financial market.Regional financial development and the efficiency of financial resource allocation are often very different.This requires us to observe the specific factors that affect the efficiency of financial resource allocation and find out how to improve the efficiency of financial resource allocation.This article first analyzes domestic and foreign related theoretical and practical research on the efficiency of financial resources and the allocation of financial resources,and makes a descriptive statistical analysis of the current status of financial resources in the Yangtze River Economic Belt from the perspective of total financial resources and core financial resources.It shows that there is room for further improvement in the efficiency of financial resource allocation in the Yangtze River Economic Belt.Then,the DEA-Malmquist index evaluation method was used,with premium income,actual foreign capital utilized,stock financing,financial industryemployees,and total deposits and loans as input variables,and GDP and financial industry added values as output variables.The 2017 data measures the efficiency of financial resource allocation in 11 provinces of the Yangtze River Economic Belt,and compares and analyzes the efficiency of financial resource allocation in each province of the Yangtze River Economic Belt.The results show that the overall efficiency of financial resource allocation in the Yangtze River Economic Belt is constantly improving,and the level of financial resource allocation in Shanghai and Jiangsu is relatively high.Then based on the differences in the level of financial resource allocation between regions,the factors that may affect the allocation of financial resources are proposed;the economic environment,the financial environment,and the social environment.In evaluating the influencing factors,indicators such as government intervention,economic foundation,industrial structure,household savings scale,and consumption efficiency were selected,and panel regression models were used to empirically test the influencing factors.The empirical results show that government intervention and household savings scale must increase.Obstruct the improvement of the efficiency of financial resource allocation,and finally propose improvement measures based on the research results;reduce government intervention in market financial resources,gradually realize the marketization of interest rates,reduce the financing cost of regional economic development,remove administrative barriers,and realize financial services in the Yangtze River Economic Belt Free flow of resources.Increasing the degree of financial openness and attracting foreign financial institutions to set up branches in the Yangtze River Economic Belt region have also enabled domestic financial institutions to go abroad and participate in international competition.The establishment of a financial talent pool in the Yangtze River Economic Belt will provide a steady stream of financial talent for the Yangtze River Economic Belt.Promote household consumption and stimulate economic development,thereby promoting financial development.