Research On The Collaborative Development Of Logistics Finance And Economy Based On Provincial Panel Data

High-quality economic development requires industrial development to improve efficiency.As the underlying support for industrial development,finance has become the direction of the joint efforts of the current industry and the financial industry.Logistics finance,as the product of the innovation of financial industry and logistics industry,is the representative industry of the combination of industry and finance and an effective path to achieve high-quality economic development.Logistics finance takes the real transactions between enterprises as a prerequisite.Through the participation of logistics enterprises in trading activities,it tracks the flow of goods and the cash flow of transactions,and transmits the logistics and information flow to financial institutions such as banks.Through the capital flow,logistics and information flow,it proves that the business of enterprises is stable and reliable,and makes the lending activities of financial institutions shift from focusing on the assets on the table and the pledge of real estate to focusing on the overall supply chain and the business conditions of enterprises.Thus,it expands the scope of credit,reduces the risk of borrowing,improves the conversion rate of deposits and loans and the efficiency of capital utilization,and ultimately promotes economic development.This paper discusses the relationship between logistics finance and economic development,studies whether the two achieve coordinated development,and puts forward suggestions to promote the coordinated development of logistics finance and economy.Firstly,this paper expounds the research background and significance,and introduces the research methods and ideas used in this paper.Secondly,the relevant literature is reviewed,and a detailed analysis is carried out from the three aspects of logistics finance,the relationship between finance and economic development,and the relationship between logistics finance and economic development.Based on the literature review,the necessity of studying the coordinated development of logistics finance and economy is proposed.Thirdly,based on the analysis of related concepts and the current situation of logistics finance and economic development,the interaction term method and location entropy method are used to measure the development index of logistics finance in each province of China.The logistics finance index is used as an explanatory variable and the explained variable to study the mutual influence between logistics finance and economy.The correlation test,unit root test,F test and Hausman test,mixed regression,fixed effect regression or random effect regression analysis are carried out on the two models.The research conclusion shows that China ’ s logistics finance and economic development have achieved coordinated development in general.The empirical results show that the logistics financial development index above 0.18 can reverse the inhibitory effect of finance on economic development.However,there are differences in the relationship between logistics finance and economic development among regions.Logistics finance and economy in the eastern and western regions can achieve two-way mutual promotion effect,while the impact of economic development in the central region on the development of logistics finance is not obvious.Finally,combined with the differences in regional resource endowments and the model test results in China,this paper puts forward targeted countermeasures and suggestions for the coordinated development of logistics finance and economy in different regions.It is believed that the coordinated development of logistics finance and economy in China needs to start from the eastern region,focus on building a logistics finance development platform supported by big data,and extend logistics finance to all enterprises in the chain with the help of supply chain.Through the integrity of the supply chain,logistics finance and information technology are gradually expanded to the central and western regions,further narrowing the regional development differences,improving the coordination degree of logistics finance and economic development,and achieving high-quality economic development.The results show that logistics finance can reduce the borrowing threshold of small and micro enterprises through supply chain transmission mechanism and real transactions,guide financial resources to benefit all kinds of market subjects,and form a win-win situation of coordinated development of multiple market subjects and complementary advantages.The coordinated development of logistics finance and economy can also alleviate the imbalance of regional economic development through the transmission advantage of supply chain.The eastern region relies on the existing resources and technology to improve the core technology,explore the underlying digital technology model and architecture of logistics finance development,form a process management system and load it into the supply chain management platform,form a perfect supply chain finance operation platform,realize the transformation of scientific and technological achievements of logistics finance innovation,and extend the technology to the central and western regions through the supply chain.While undertaking the industrial transfer in the eastern region,the central and western regions indirectly undertake the technology transfer in the eastern region through the supply chain transmission,and follow the wave of digital transformation in the eastern region.In order to promote production by finance,realize the deep integration of innovation chain,industrial chain and capital chain,improve the availability of financial services,gradually narrow the difference of regional economic development,and improve the efficiency of logistics finance to help economic development.