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Research On The Spillover Effect Of Financial Agglomeration On The High-quality Development Of Regional Economy In China

Posted on:2023-07-19Degree:MasterType:Thesis
Country:ChinaCandidate:J D HuFull Text:PDF
GTID:2569307097495804Subject:Finance
Abstract/Summary:PDF Full Text Request
Finance is the core of the modern economy,and financial agglomeration plays an important role in the high-quality development of the regional economy.During the 14 th FiveYear Plan and beyond,high-quality economic development will be the theme of our country’s economic and social development,because it is related to the overall construction of China’s socialist modernization.Therefore,it is meaningful to study the spillover effect of financial agglomeration on the high-quality development of the regional economy.This paper firstly defines the connotation of financial agglomeration and high-quality economic development and analyzes the mechanism of financial agglomeration and highquality economic development on the basis of financial geography,industrial agglomeration,financial function view,local spillover model and other theories.Based on the principles of scientificity,availability and comprehensiveness of comprehensive data,the indicator systems of financial agglomeration and high-quality economic development are respectively constructed,and the status quo of regional economic development and financial agglomeration in our country is quantitatively analyzed.Finally,based on the panel data of 30 provinces,municipalities and autonomous regions in our country except for Hong Kong,Macau,Taiwan and Tibet from 2007 to 2018,the fixed effect space Durbin model is used to analyze the overall,sub-dimension and the impact of financial agglomeration on high-quality economic development will be discussed in different regions.The research results show that our country’s financial agglomeration has a positive role in promoting high-quality economic development.At the national level,there is a strong spatial dependence between provinces,and financial agglomeration positively affects the high-quality economic development of surrounding areas through radiation effects.Judging from the research results of sub-dimensions of high-quality economic development,the financial agglomeration has positive spatial spillover effects on the fundamental dimension of economic growth and the ecological outcomes of economic development.The effect is a situation dominated by the polarization effect,and there is a negative spillover effect,but it is not significant.From a regional perspective,financial agglomeration in the eastern and western regions has a significant promoting effect and a positive spatial spillover effect on high-quality economic development,while the positive spatial spillover effect in the central region is significantly positive and the promoting effect is not significant.Based on the research conclusions,this paper puts forward suggestions for expanding financial scale,strengthening inter-regional financial cooperation,and improving supporting measures for financial agglomeration.
Keywords/Search Tags:Financial agglomeration, High-quality economic development, Entropy method, Spatial Durbin Model, Spatial spillover effect
PDF Full Text Request
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