| As a representative regional development sample of China's new urbanization construction,industrial new city bears the important mission to stabilize national regional economy and society.As a kind of special industrial concentration,financial agglomeration can not only strengthen and upgrade utility traditional financial function and utility,which promote capital accumulation,capital flow,industrial upgrading,strengthen the function of financial resource allocation and improve the capacity of the financial industrial foundation and the industrial chain level in order to provide sufficient capital to the industrial new city transformation construction;but also form a dynamic influence that is suppressed first and then promoted which promote the integrated construction of industry and city and industrial new town development through diffusion effect.Meanwhile,the development of industrial new city brings increasing demands for capital and financial products and services and provides good bearing space and support power within the region that promote financial cluster.There is a bidirectional promotion relationship between financial agglomeration and industrial new town development.Financial agglomeration brings supports and industrial new town development provides bearing power.Therefore,study on the relationship between financial agglomeration and the industrial new town development has great theoretical and practical significance.Based on the latest achievements in the field of brand asset research at home and abroad and relevant basic theory,this study selected state-level new area which is most suitable for the development characteristics of industrial new town.Because of the limitation of data availability and research emphasis of this paper,finally author determined to choose Binhai new area and Pudong new area as the research objects.Firstly,research used combined weighting model to measure and evaluate the regional financial agglomeration degree and the development level of industrial new city of those two new areas from 2008 to 2017.Secondly,research used the difference test and correlation test to make descriptive statistical analysis on the development of financial agglomeration and industrial new city in the two new areas.And then,the author used the coupling harmonious degree model and the panel threshold regression model to explore the coupling coordination relationship between them and threshold effect of financial agglomeration on the development of industrial new town.Finally,this paper summarized the results of the research and provided countermeasures and suggestions for the corresponding problems in the development of the two systems.The study found that there is a strong positive correlation between financial agglomeration and industrial new city development,and the coupling and coordination degree between financial agglomeration and industrial new city development became higher and the coupling and coordination gap gradually narrowed in the two new areas from 2008 to 2017.The influence of financial agglomeration on the development of industrial new city is indirectly exerted on industrial new city by influencing the asset allocation efficiency of regional fixed asset investment.The financial agglomeration in the low-degree agglomeration zone will make fixed asset investment affect the development of industrial new town negatively.Only when the degree of financial agglomeration is higher than the threshold value can the fixed asset investment be influenced to promote the development of industrial new town. |
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