Research On Radiation Effect In Financial Agglomeration Of China

Finance is the core of modern economy. Financial agglomeration has become acommon phenomenon. The theoretical significance of this article is study the financialagglomeration effect by using the maximum entropy model from the angle of economicgeography, which is a beneficial exploration combined the financial agglomeration theorywith economic geography. The practical significance of this paper is to study the radiationeffect of financial agglomeration that plays a positive reference to promoting economicgrowth by using financial agglomeration radiation effect and making corresponding policyrecommendations.On the basis of the existing literature, this article analyzes the theory、connotation、factors of financial agglomeration radiation effect and selects factor analysis method andWilson model to evaluate degree of financial agglomeration of Chinese cities and rangeof the core cities, uses impulse response function to verify financial agglomerationradiation effects. Finally, according to the analysis results, the paper puts forwardsuggestions on strengthening financial agglomeration radiation effect, promoting regionaleconomic coordinated development.The innovation point of this paper is the calculation offinancial agglomeration degree and radiation effect of center city. Put forward the radiationradius of financial agglomeration radiation effect, and carries on an empirical research onthe economic growth driven by financial agglomeration radiation effect, which providespractical support on enhancing core city financial potential, expanding the scope of the financialradiation, promoting economic development.