The Empirical Study On The Impact Of Financial Agglomeration To Economic Growth In The Hebei Province

In today's society the role of financial services to the economy constantly bigger and stronger, and gradually become the core of modern economy. In many cities or areas presented the financial services industry agglomeration phenomenon, regional or urban economic due to the effect of the financial industry agglomeration, development faster and faster. In Hebei province from the Angle of geographic location, it is the Bohai sea to the east, the advantages of foreign trade is more noticeable, Beijing and Tianjin in its arms, both the utility of financial agglomeration can radiation to it. From the face of the economic development in Hebei province, is developing rapidly, but compared with the national provincial economy, still some backward, and shows some its own shortcomings, from the aspects of finance, financial resources coordination configuration is not reasonable, the present situation of the financial sector is not adapt to the current economic development, and so on. Can improve the financial industry is the key to the sustainable economic growth in Hebei province. In the sense of contribution to the theory in this paper is mainly to set up a index system of financial agglomeration measure, and according to the empirical analysis of the system and the connection between the financial agglomeration and economic growth; On the other hand this article research has reached the level of city, which is rare in other literature. This paper combined with the regional data in Hebei province by SPSS software to get scores of financial agglomeration, and then to get the results of the analysis, hypothesis of financial agglomeration effect on economic growth, and then do empirical research to verify financial agglomeration effect on economic growth, through the analysis can provide ideas for the development of financial industry in Hebei province, as well as regional financial policy, and the nation's economic policy.This article from the connotation and characteristic of financial agglomeration, financial agglomeration formation reason, the measures of financial agglomeration, the financial industry agglomeration and financial agglomeration and economic growth relationship in four aspects, such as analysis, summarized the research achievements of predecessors. According to the formation of financial agglomeration motivation from the level of economic development, the financial industry development level, such as Angle, combining the principle such as the data availability, designed the measure of measure system of Hebei province regional financial agglomeration, and then the calculated through data processing scored 11 regional financial agglomeration, according to the results of Shijiazhuang has a dominant position in the financial aspects, and each region's financial agglomeration degree of rankings. This article USES various areas in Hebei province from 2003 to 2013, the specific points of the financial agglomeration, with the logarithm of the total amount of import and export and investment in fixed assets as control variables, set up a about financial agglomeration with panel data regression model of economic growth. Through the empirical financial agglomeration can promote economic growth in Hebei province, according to the specific situation in Hebei province gives policy Suggestions.