The Empirical Study On Efficient Allocation Of Financial Resources Of Hong Kong-Shenzhen-Guangzhou

Efficient allocation of financial resources is the allocation of resources to achieve financial Pareto optimal state. Financial resources are the core issue of the allocation of resources while efficient allocation of financial resources linked to other economic efficiency of resource allocation. Therefore, a country or a region of efficient allocation of financial resources for the economy as a whole in terms of the efficiency of the allocation of resources is essential.With both CEPA deepening and Hong Kong-Shenzhen-Guangzhou speeding up the process of financial integration, the regional financial industry of Pearl River Delta, including Hong Kong and Shenzhen-Guangzhou, will face a new opportunity. As core financial cities of Hong Kong, Shenzhen and Guangzhou's financial industry will turn out a re-division of labor and integration trends. In Hong Kong and Shenzhen-Guangzhou financial resource endowment differences under the present situation, Through the Hong Kong-Shenzhen-Guangzhou efficient allocation of financial resources to calculate and optimizing the allocation of increased allocation efficiency, thereby enhancing radiation throughout the Pan-Pearl River Delta of Hong Kong and Shenzhen-Guangzhou financial strength of great theoretical and practical significance.This paper attempts to draw on the theory and practice at home and abroad on the theory of financial resources and the efficiency of resource allocation, and make an empirical study on efficient allocation of financial resources of the Hong Kong-Shenzhen-Guangzhou. Through the Hong Kong-Shenzhen-Guangzhou description of the status and financial resources, the use of Data Envelopment Analysis (DEA), through the C~2R model, SDEA model, Malmquist index decomposition model efficiency models for calculating 1996-2006 Hong Kong and Shenzhen and Guangzhou efficient allocation of financial resources and changes, conduct to in-depth comparative analysis for Hong Kong-Shenzhen-Guangzhou efficient allocation of financial resources from the static and dynamic perspectives.At the same time, we affected the efficiency of its allocation of the factors of the qualitative and empirical studies from the perspectives of macro and micro. Finally, we proposed financial functions of the position and policy recommendations to raise the Hong Kong-Shenzhen-Guangzhou efficient allocation in the basis of empirical research.