The Study Of Financial Industry Aggregation Impact On Regional Economic Growth In Shanghai

The financial industry aggregation,as a worldwide economic phenomenon,can provide strong support for the growth of regional economy.As the financial center of China,Shanghai will be the international financial center as its forward goal.However,the formation of financial center inevitably must go through a process of the financial industry aggregation.Therefore,the study of financial industry aggregation impact on regional economic growth in Shanghai is of great significance for Shanghai to achieve its goal.Especially in the face of the current economic situation of the "new normal",the development strategies of "One Belt And One Road" and "the Yangtze river economic belt" were put forward,which has brought more opportunities and challenges for Shanghai.In this process,it is very important to how to make full use of Shanghai's financial industry aggregation effect,to promote the development of Shanghai and the national economic and social.Therefore,in this paper,the Shanghai's financial industry aggregation effects on regional economic growth were studied.This paper includes 6 chapters.Chapter 1 is introduction,introducing background and significance of financial industry aggregation,literature review,main content and research method of this paper.Chapter 2 is related notions and theoretical,describing the notions of financial industry aggregation and economic growth,the reason of the financial industry aggregation,the theory of financial industry aggregation impact on the regional economic growth.Chapter 3 is the analysis of the present situation of Shanghai's financial industry aggregation and economic growth,first of all,analyses the developing course of Shanghai's financial industry,the status quo and the industry layout,and then,analyses the present situation of economic growth,the final,analyses the way of Shanghai's financial industry aggregation impact on economic growth.Chapter 4 uses the factor analysis method to choose the financial resource level,economic level and noneconomic level,a total of 21 indicators to measure the degree of Shanghai's financial industry aggregation,to deeply understand the degree of Shanghai's financial industry aggregation.Chapter 5 is the empirical analysis of financial industry aggregation impact on regional economic growth in Shanghai,the location quotient of financial industry output value on behalf of the financial industry concentration degree,the rate of economic growth on behalf of the Shanghai economic growth level,using data from 1978-2015,by constructing vector autoregressive(VAR)model,finds that Shanghai's financial industry aggregation has significant role in promoting the economic growth,but smaller,that Shanghai's financial industry aggregation effect remains to be continue to strengthen.Chapter 6 is conclusion and policy suggestions,summarizes the above content,combines with the practical situation of Shanghai,put forward the policy suggestion of upgrade Shanghai's financial industry agglomeration degree.