The Spillover Effects Which The Development Of China Financial Intermediation Lead To The Regional Economic Growth

With the development of the financial system, financial intermediaries as a micro foundation of the financial system, in the process of social and economic development play an increasingly important role. At present, economic and social development in China shows a large imbalance between the large number of regional financing through financial intermediation role of the local social and economic development to provide the necessary funds. Therefore, the development of financial intermediation and economic growth inevitably linked, and most Western countries the process of development of financial intermediation is also confirmed by the development of financial intermediation to promote regional economic growth is an important force. However, this catalytic role in the existence of interaction between regions? China's unbalanced economic development in the case of such interaction and to show how geographical differences? Answers to these questions, in essence, is to recognize areas of significant difference in the case of financial intermediaries should be how to develop the issue, but also promote the elimination of regional differences in China to achieve common prosperity and building a harmonious society, an important theoretical source. This paper on the development of financial intermediation in China, research in the development process is causing the growth of the regional economy, the existence of spillover effects of a space, that A in the development of financial intermediaries will lead to the B to the development of financial intermediation, which will lead to the improvement of B to the total economy? If such spillover effects exist, then it can measure the size of the overflow? Spillover effects of the country and specific to a spillover effect between the two regions have different? The overflow is presented and consistent with China's economic development characteristics, that is, there are some differences between the three regions? This paper aims to study these issues, on the status of the development of financial intermediaries to make realistic explanation.At present, domestic and international spread from the financial point of view of concentration of financial spillovers more articles, from the perspective of financial intermediation and correspondingly fewer spillover effects. Financial intermediaries as micro-finance industry the most basic elements of its spillover effects make analysis and evaluation is necessary. Also, from the introduction of cross-regional perspective, to study space measurement of financial intermediation problem, not a precedent in our country. China's unbalanced economic and social development situation, identified the development of regional financial intermediation between the degree of uneven. Financial intermediation through regional studies between the analysis of the economic development between regions, the wide range of issues at the national level down to the field every province, from the geographical point of view and social development perspective, this study has important theoretical and practical significance.Firstly, through the spillover effects of financial intermediation and financial classification of the literature and comments made, on the basis of financial intermediation and financial intermediaries come the definition of overflow; and then explain the theoretical analysis of the development of financial intermediation spillover effects on economic growth, the main applied economics, "trickle effect" of its transmission mechanism and the AK model are described; again, the use of space measurement method, measurement of financial intermediary development on the national level led to financial concentration and presence or absence of spillover effects and overflow effect size; final selection of two different levels of development of financial intermediation the empirical analysis of specific regions, from the perspective of provincial measure the size of spillover effects, and the comparison and evaluation to make, draw the appropriate policy recommendations.Based on the financial intermediaries to study the three metrics to analyze the development of financial intermediation vinegar concentrate on the role of regional economic growth, and finally concluded:Nationwide, China's financial intermediation development on regional economic growth is the existence of spatial spillover effects The. Development of financial intermediation for economic growth is the most important factor accounting for the regional balance of loans the ratio of total loans, that credit capital accounted for regional economic growth, the biggest effect, which is indirect financing of current over-reliance on financial intermediaries, the credit situation is the same ratio, but also reflects the development of financial intermediaries is still in its infancy, a variety of spreads to maintain normal operation and is still the most important means to generate profits, China's financial intermediaries have not yet entered the financial services and financial products as the core competitiveness of the advanced stage. From different regional perspective, a regional financial center in China the development of financial intermediation is a spillover of its surrounding provinces effective, however, different levels of development of financial intermediation in the region spillovers are different, the higher the degree of development of financial intermediation in areas, the spillover effect is more obvious.