The Research On The Upgrading Of Industrial Structure Supported By Financial Agglomeration In Anhui Province

Economy under the new normal,the upgrading of industrial structure is the key to improve the economic benefit,transform the mode of economic growth and ensure economic balanced development,but the upgrading of industrial structure need to use a certain external environment,especially for financial capital structure and the flow mechanism.How financial development supports industrial structure upgrading and economic growth has been highly concerned by academic circles.With the development of regional economy,financial resources are becoming more and more obvious among regions,and financial agglomeration is the main trend of the current financial development.In the perspective of financial agglomeration,taking anhui province as an example,the paper discusses the supporting role of financial agglomeration on the upgrading of industrial structure,which is of great significance to the enrichment of financial theory and the guidance of industrial structure upgrading in Anhui province.In this paper,the combination of theoretical research and empirical analysis is adopted.First of all,the paper reviews the related research results of financial agglomeration and industrial structure upgrading at home and abroad,and then probes into the theoretical mechanism of financial agglomeration supporting industrial structure upgrading on the basis of analyzing the related theories of financial agglomeration and industrial structure upgrading,which concludes that financial agglomeration through capital accumulation and Investment-oriented,technological innovation,combination between industry and finance,risk compensation and other mechanisms affect the real economy,so as to promote the adjustment of industrial structure upgrade.Then,the paper analyzes the development course and present situation of financial agglomeration and industrial structure in Anhui Province.Firstly,this paper analyzes the present situation of financial agglomeration from three aspects of the overall situation of financial agglomeration,the present situation of industry development and the present situation of regional development in Anhui Province,and then analyzes the present situation of industrial structure from the overall industrial structure,industrial structure and spatial distribution of industrial structure in Anhui Province.Combining with the results of the analysis,it puts forward the present problems existing in the development of industrial structure.Then,the paper uses the location entropy method to measure the level of financial agglomeration in Anhui Province,using the relevant data from 2008 to 2015 to establish a regression model of municipal panel data,taking into account the regional differences and financial industry differences in Anhui Province,Firstly,the paper contrasts the effect of financial agglomeration on the upgrading of industrial structure from the Wanjiang economic belt or the non-Wanjiang economic belt,and then analyzes the overall effect of financial agglomeration on the upgrading of industrial structure in Anhui Province,and finally examines the respective effect of the agglomeration of financial industries on the upgrading of industrial structure.The results show that the financial agglomeration in Anhui Province has a significant effect on the upgrading of industrial structure,and there are differences in the support of industrial structure upgrading between regional and industrial financial agglomeration.From the area,whether it is Wanjiang economic belt or not the economic belt of Wanjiang,the financial agglomeration has the remarkable promotion function to the industrial structure upgrade,and compared with the non-Wanjiang economic Belt,the financial agglomeration of the Wanjiang economic Belt has more support to the industrial structure upgrading,and further shows that the higher the financial agglomeration degree to the industrial structure upgrade support strength.From the industry of financial agglomeration,the banking agglomeration has promoted the upgrading of industrial structure,and the security industry agglomeration has no significant effect on the upgrading of industrial structure,and the support for industrial structure upgrading is less than the agglomeration of banking industry.Finally,according to the conclusion of this paper and combining with the specific situation of Anhui Province,this paper puts forward some policy suggestions such as speeding up the construction of regional financial center,strengthening financial innovation,deepening financial system reform,optimizing financial ecological environment,constructing multi-level financial system and improving direct financing efficiency.