| With the development of economic globalization and financial integration,finance plays an increasingly important role in improving resource allocation,accelerating technological innovation,and driving economic growth.Financial agglomeration is formed by gathering upwards to the heart,thereby enhancing the comprehensive economic strength of the financial agglomeration area.However,due to the uncoordinated financial development among the regions,the coordinated development of the regional economy is also restricted to a certain extent.In January 2020,the sixth meeting of the Central Financial and Economic Commission proposed to promote the construction of the Chengdu-Chongqing economic circle.The construction of the regional twin-city economic circle has become a national strategy,and promoting the construction of the western financial center is an important measure to achieve the strategic goal.Therefore,this paper intends to analyze the mechanism of financial agglomeration on regional economic growth,and further explore the spatial spillover effect of financial agglomeration on regional economic growth through empirical research on the effect of financial agglomeration on regional economic growth in the Chengdu-Chongqing economic circle.Starting from the definition of financial agglomeration and regional economic growth,this paper combs and summarizes the relevant theories such as financial development theory,industrial agglomeration theory,and regional balanced development theory through the research of domestic and foreign literature,and further clarifies the research goals of this paper.and category.Then it sorts out the relevant status quo of the Shuangcheng economic circle nationwide and in the Chengdu-Chongqing area in recent years,and further through theoretical analysis,it is concluded that there are many factors affecting regional economic growth,and financial agglomeration has not only a direct local impact on regional economic growth,but also There are also indirect impacts on neighbouring sites.On the basis of practical investigation and theoretical research,this paper adopts spatial econometric method to conduct empirical research on the impact of financial agglomeration on regional economic growth.Firstly,an index system to measure the level of financial agglomeration is constructed from three aspects of financial scale,financial depth and financial density,and the financial agglomeration level of 34 regions in the Chengdu-Chongqing economic circle is calculated and compared by the entropy method.The spatial autocorrelation test and spatial model test are carried out by constructing the geographic distance weight matrix,economic distance weight matrix,and economic-geographic nested weight matrix.Then,the regression results analysis and effect decomposition analysis are mainly carried out with the SDM model.The main conclusions of this paper are: the financial agglomeration of the Chengdu-Chongqing economic circle can not only promote the growth of the local regional economy,but also promote the economic development of the surrounding areas,that is,there is a positive spatial spillover effect.The level of financial agglomeration varies greatly among regions in the Shuangcheng Economic Circle,and the overall level of financial development is uneven.Finally,relevant policy suggestions are put forward: promote the construction of the western financial center,strengthen the innovation of financial products,and improve the relevant policy system.There are three possible innovations in this paper: First,the strategic background of this paper is novel and contemporary,and the research direction is based on the major strategic deployment of the central government,and it is also the future development direction and policy of the Chengdu-Chongqing economic circle.The focus point provides more references;second,when constructing the financial agglomeration index system and spatial weight matrix,this paper takes into account the degree of adaptation with the Chengdu-Chongqing economic circle and optimizes it;third,due to the existing literature on Less attention has been paid to the study of financial agglomeration effect in the western region.The research in this paper enriches the literature on promoting the construction of the western financial center. |
