Research On The Convergence Of Regional Financial Development Based On Correlation Network

With the constant improvement of the theories of financial development,regional financial development and economic growth are closely linked both in theory and practice have been confirmed.Under the background of expanding the gap between regional financial development,the research on convergence of regional financial development is necessary to do.This paper tries to make some innovations in regional level,with the construction of China's provinces and cities and then divided into "plate",to characterize the new area,and then making empirical analysis of regional financial development convergence,combined with the role of the plate analyzing convergence analysis is reasonable,in order to obtain more abundant conclusions and more meaningful policy,to deepen the study on the convergence of regional financial development.First of all,through the elaboration of relevant concepts and theoretical basis,justifying the possibility of occurrence of relationship between financial development and regional financial convergence,for the research of regional financial convergence and the construction of financial association network to provide theoretical support.Secondly,starting from the current situation of the development of each province finance in China from 1978 to 2014,compared with China's provinces and cities in the total amount of financial and financial development level,the paper found that China's financial development has more serious regional imbalance,and on the basis of using social network analysis method to construct the network of China's financial development,the network can be divided into four sections according to the internal and external relations of the plates and the role of structural relationship between plates in the whole network: the first plate is overflow plate,second plate net overflow plate,third plate and fourth plate are the main benefit plates.Thirdly,according to the four division of the region the paper makes the quantitative analysis of convergence of financial development,including the sigma convergence test and bate convergence test,found that there is a significant convergence in the third plates and fourth plates and between them.Finally,the paper put forward some related policy recommendations including establishing closer relationship between areas,culturing self-development ability,promoting financial resources flowing across the region and establishing the development of circular economy.The possible innovation of this paper: first one is associating network of regional financial development as a research perspective,with the construction and analysis of network,our country is divided into four sections,this paper studies on the relationship of structure between the plates to understand the status of all province in financial development;second one is regional convergence is examined between financial development sectors which are divided based on network.