The Study On Coupling Relationship Between Financing Deepening And Regional Economic Development

Because of the financial economic relationship, the role played bythe financial system in resource allocation has been taking more and moreattention. The modern economic growth theory and practice also proved theclose relationship between the financial system and economic development.Along with the improving economic research methods, foreign scholars tookfurther study on the causal relationship and mechanism between financeand economy, the conclusions of which has provided the theory basis andaction guide for developing countries’ financial reforms.Most of the domestic scholars refers to the foreign research methodsand ideas to investigate the relationship between finance and economy,combined with China’s present situation. With the development ofeconometrics in China, a variety of quantitative methods were introducedinto the research. The current research results not only reflect that theeconomic development promote the financial system, but also clearly showthat the financial deepening have a leading influence on economicdevelopment. this relationship between finance and economy, not onlyperforms at the national level, but also at many regional economic level.This article mainly discuss the coupling relation between thefinancial system and economic system in Shandong Peninsula Blue EconomicZone, from the theory and practice levels. First of all, the articlereviews the existing literature on financial deepening and regional economic development, points out the shortcomings of present research,clearly decide the research direction; secondly, the paper introducespresent situation of financial system and regional economic system indetail in Shandong Peninsula Blue Economic Zone, and identifies themeasurement index of financial deepening and regional economy developmentfor the following quantitative analysis; again, paper analyzes thedecided mechanism regional economy plays on financial and influencialmechanism finance system plays on regional economy,and uses graycorrelation analysis method to verify the conclusion; finally, articletakes coupling relationship as an entry point, uses a coupled model andthe coupling degree model to explore the coordination and developmentlevel between financial system and economic system in Shandong PeninsulaBlue Economic Zone,then provides the policy suggestion to promoteregional financial reform and economic development. The empirical resultsshow that: the financial system of Shandong Peninsula Blue Economic Zoneis at a stage of stable development, and in good coordination withregional economy; but the synchronization between the two is not matching,which need further improving.