The Research On The Financial Resources To Promote The Balanced Development Of Regional Economic

Since the reform and opening-up, the economic development characterized in thegrowing inter-regional disparities and the overrall level of well-widening conflict inShandong province. Then with the morden finance playing an increasingly important rolein the economic development, financial resources gradually becom the core of resourceallocation. Based on the above, this paper attempts from the perspective of financialresources to explore regional differences in economic development issues in ShandongProvince.The article First defines the financial resources and the allocation of financialresources and measure effectiveness, that“financial resources are a country’s scarceresources strategically essential, which have five basic characteristics such as objectivity,hierarchy, intermediaries, fragility and scarcity”. Then gives comparative analysis of theregional economic development of the basic theory of divergence.On this basis, and thensummarizes the relevant theoretical research scholars. Second, the use of quantitativeanalysis and comparative analysis results that, compared with the western region, there areobvious advantages in the overall level of economic development, GDP, urbanization andinvestment conditions in eastern region. Subsequent using detailed data analyzes the hugedifferences in the total level of the financial resources, the structure of credit resources,financial resources allocation efficiency, the level of development of the insurance marketand the level of financial openness between the western and eastern region. Again, thearticle discusses the mechanism of action about the financial allocation of resources topromote the level of economic development: increasing the marginal productivity ofcapital, promoting technological progress level and enhancing the marginal productivity oflabor. Based on the analysis above, the article empirically studies the level of influenceabout the allocation of financial resources to the economic development of ShandongProvince by comparative analysis, multivariate cointegration test and Granger causalitytest methods. The results showed that the level of difference between allocation of financialresourses, to a certain extent, has made “contributions” to the non-banlanced developmentof the economy. At last, according to the current situation and the empirical results, the article gives countermeasures to optimize financial staffing levels in different regions thuscontributing to the balanced development of regional economic.