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The Empirical Analysis On The Financial Agglomeration And Economic Growth To The Regional Eco-efficiency

Posted on:2018-04-16Degree:DoctorType:Dissertation
Country:ChinaCandidate:L X ChenFull Text:PDF
GTID:1319330518466360Subject:Management Science and Engineering
Abstract/Summary:PDF Full Text Request
It had become a tough problem in front of China's economic growth of high energy consumption,lower efficiency of resource utilization and the ecological environment crisis at present,but the "Five Development Concept" is expected to crack this problem.In recent years,Central and East China had encountered a wide ranges of persistent smog for many times,haze pollution has just become a part of our new normal life and it had been expanded to 17 provinces for the last time in 2016,an area of 1.42 million square kilometers and more than one-seventh of China.Under the background of tightening resource constraints,the serious environmental pollution and ecosystem degradation,we must build the concept of coordinated,green and innovative development,respecting,complying with and protecting the nature.Under the framework of sustainable development,we promote the concept of open and shared development,making ecological effective way to meet people's needs.Therefore,that the key to realize the "Two-Type Society" is to improve Eco-efficiency.As the core of modern economy for finance and furthermore the guide of modern financial system for financial agglomeration,it plays an important role to promote regional economic growth,upgrading the industrial structure,promoting energy conservation and emissions reduction,protecting the ecological environment and improving the Eco-efficiency.As an economic and efficient measurement and management tool for the sustainable development of resources and environment,Eco-efficiency can reflect the coordinated development level of complex system of economy-resource-environment.Therefore,it is important for promoting significantly the far-reaching of coordination of financial,economic and ecology,seeking regional models of Eco-efficiency improvement and ways for China to change the mode of economic growth,studying the problem of financial agglomeration and economic growth that enhancing the Eco-efficiency.In doing so the dissertation puts forward three scientific questions: Firstly,how to understand the internal logic structure of the complex finance-economy-ecology system? Secondly,how the numeric relations of the financial agglomeration,economic growth and Eco-efficiency is? Thirdly,how to improve regional Eco-efficiency with aspect to financial agglomeration and economic growth? To solve these problems,the dissertation made researches on the following six aspects:Firstly,mechanism analyses of financial agglomeration,economic growth and promotion of Eco-efficiency.Through literature reading,it found the mechanism of interaction between financial agglomeration and economic growth that both of them enhancing the Eco-efficiency.Then it made seven archetype analysis of complex system of the finance-economic-ecology.Through these two types of analysis we found key factors in the finance-economy-ecology system and it will helpful later in selecting evaluation index and the rate variable fundamental in-tree model of system dynamics.Secondly,coordinative coupling analysis on the provincial financial agglomeration,economic growth and Eco-efficiency.According to the connotation of the financial agglomeration,economic growth and Eco-efficiency firstly,The dissertation established evaluation index system of the three,using projection pursuit and super efficiency DEA method to evaluate provincial data in 2005-2014 of China;secondly,it established coupled coordination development degrees model of the finance-economic-ecology system and analysed the coupled coordination development situation of this system.Thirdly,the spatial effect and econometric analysis of provincial financial agglomeration,economic growth and Eco-efficiency.It tested and analysed the spatial spilling effect of the financial agglomeration,economic growth and Eco-efficiency;Then basing on the relationship of the three elements it established spatial panel model respectively to refine out logic relationship of them;Finally,we took financial agglomeration and economic growth as explained variable,it means to find the effect of both of them to the Eco-efficiency for empirical analysis of provincial and the three regions of China respectively.And then,dynamic simulation analysis of financial agglomeration,economic growth and Eco-efficiency of three regions of China.The dissertation built dynamic rate variable fundamental in-tree model of provincial financial agglomeration,economic growth and Eco-efficiency considering they are highly complex and open systems based on the relationships of them in the mean time.The dissertation found the spatial spilling effect of financial agglomeration,economic growth and Eco-efficiency,so it is nature to add the spatial influence factors into tree simulation model with system flow figure to intuitive reflecting the finance-economic-ecology system structure.According to result of the rate variable fundamental in-tree model of Eastern,central and Western China,the changes of financial agglomeration,economic growth and Eco-efficiency of three regions were being quantitatively evaluated and dynamically simulated as we controled the three level variable and regulation of monetary and economic policy in different ways,finally we observed the differences of influence of factors related to the respective roles of Eastern,Central and Western China.Next,the Eco-efficiency convergence analysis of provincial and the three regions of China.The dissertation used standard deviation to inspect the sigma convergence of Eco-efficiency for the first,after that it established absolute and conditional beta convergence model of ecological efficiency,respectively,taking beta convergence measures of financial agglomeration and economic growth in the condition of a single variable and multiple variables analysis,in order to find the impact of comprehensive consideration of financial agglomeration and economic growth on the Eco-efficiency.Finally,based on the mechanism and empirical analysis,using the experience of ecological management in developed countries for reference,path and five kinds of mode to the improvement of regional Eco-efficiency by financial agglomeration and economic growth were refined,and in the mean time it presents seven strategies: Coordinated development of finance,economy and ecology;Innovation and development of insurance market;Vigorously promote the construction of new type of urbanization;Transformation of the mode of economic development;Do bigger and stronger a real financial industry;Cultivating ecological civilization concept and establishing ecological compensation mechanism.Summarize the work done by the dissertation,the three main innovations are:Firstly,in a logical system framework we put together the financial agglomeration,economic growth and Eco-efficiency,using the coupled coordination degree function to depict the ternary system as coupling coordination characteristics of space and time.It find more adjacent areas of coupling and coupling coordination degree has positive space corresponding relationship with economic growth;The early stage for the ternary system of local resonance and the mid-late stage for the overall coordination development;Central and western China appear to be lagging Eco-efficiency and economic growth mainly.Secondly,Using the spatial econometric methods to depict and system dynamics simulation method to predict the mumeric structure relations of regional financial agglomeration,economic growth and Eco-efficiency during the period of the history and the future.Then it analyzed the hot spot of the financial agglomeration,economic growth and Eco-efficiency,based on the three spatial spillover effects,spatial panel model show: financial scale and urbanization have positive effect on regional Eco-efficiency,the bank agglomeration for the eastern and also the insurance industry cluster for the central can promote the Eco-efficiency respectively;With the spatial impact factors were embeded into system dynamic model to simulate and forecast,we get a clear numeric relations of regional financial agglomeration,economic growth and Eco-efficiency between 2016 and 2025.Thirdly,referring to the growth convergence theory of new classical economics,comprehensive consideration of regional financial agglomeration and economic growth on the steady state of Eco-efficiency,the dissertation tested the sigma and absolute beta convergence of regional Eco-efficiency,subjecting to financial agglomeration and economic growth indicators,conditional beta convergence of regional Eco-efficiency had carried on the empirical analysis: the scale of finance promote the convergence of regional Eco-efficiency,financial agglomeration and economic growth have positive effect on the convergence of Eco-efficiency in Eastern,while economic growth quality has the same effect to the convergence of Eco-efficiency in Western.
Keywords/Search Tags:Financial agglomeration, Economic growth, Regional Eco-efficiency, Projection pursuit, Rate variable fundamental in-tree
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