Research On Regional Financial Agglomeration And Radiation Effects In Sichuan Province

Economy and finance are interrelated.With the development of economy and finance,the development of modern economy spurs regional finance to agglomerate,and regional finance agglomeration inevitably brings radiation effects to the surrounding areas,and then conversely promotes the development of regional economy.It is on the basis of the phenomenon of regional finance agglomeration brought by economic development,this paper studies the regional financial agglomeration and radiation effects in order to promote the coordinated development of regional economy and finance.Specifically,this paper,taking the regional financial agglomeration and radiation in Sichuan as the main line,analyzes the actualities and problems of the regional financial agglomeration and radiation effects,and puts forward their countermeasures,hoping which can be beneficial for the coordinated development of regional finance and economy.At present,the research fields of financial centralization are mainly concentrated in the mechanism,the formation mode,influencing factors,industrial cluster,and the formation and development process of the financial center and etc.However,the dynamic change process of China’s regional financial agglomeration,the regional difference and the related effects of the financial agglomeration are still in the exploratory stage,and no theoretical system has been formed.Therefore,on the basis of the related theories of the financial agglomeration and radiation effects,this paper analyzes the regional financial agglomeration and radiation effects in Sichuan by measuring the degree of finance agglomeration,radiation range and radiation intensity.On this basis,the reasons of the empirical results are analyzed and the pertinent countermeasures are put forward.The conclusions of the empirical study contain those aspects.Firstly,the empirical analysis results of the regional financial agglomeration effect.From the urban dimension and the regional dimension,there is a obvious difference in the degree of the urban financial agglomeration in each region of Sichuan Province,which still exists objectively for a long time,but it also presents a slow shrinking trend.At present,only the agglomeration degrees of Chengdu and Mianyang are higher than the average level of the province.And the descent speed of financial agglomeration of Chengdu in 2006-2015 years is less than that of Mianyang,which reflects a certain economic adjustment ability of Chengdu,as the regional financial center of Sichuan.This also poses great difficulties for Sichuan to cultivate multiple regional financial growth poles.Secondly,the comprehensive results of the empirical analyses of regional financial agglomeration and radiation effects.Learning from the comprehensive analysis of financial agglomeration degree and the radiation range,it is found that the central cities with financial radiation ability in the process of agglomeration are the only two cities,which call Chengdu and Mianyang.Their financial radiant strengths are enhanced with the increase of financial agglomeration degree;however,the radiant range of Chengdu is far greater than that of Mianyang,but both their radiant ranges are limited.So to a certain extent,the regional finance radiation level in Sichuan is on the low side,the finance radiation network structure has not been formed,and the financial agglomeration and radiation effects can not be better developed,bringing about the long-term imbalanced regional finance structure.At the same time,learning form the comprehensive analysis of the financial agglomeration degree and the radiation intensity,although the regional financial agglomeration degree of Sichuan province is fluctuated frequently and their fluctuation range and its trend are not consistent,the radiation intensity of the central city with financial radiation ability,such as Chengdu and Mianyang,to all other cities in Sichuan is on the rise in 2006-2015 years.That can obtain a conclusion that the allocation of financial resources in Sichuan is still mainly manifested as the financial agglomeration effect,but the agglomeration effect is relatively getting decreasing,and the radiation effect is gradually arising.The paper,combined with the above empirical conclusions,analyses the inherent nature of the uneven development of Sichuan regional finance and the dynamic evolution of the financial agglomeration and radiation effects on the aspects in regional economic development level,geographical location and social culture,the degree of financial market development,and government policy intervention.Based on the above analysis,these things need to be done to enhance the financial agglomeration and radiation effects of Sichuan Province,and strengthen the overall competitiveness of the regional finance,finally achieving the coordinated development between regional economy and finance: promoting the evolution of the financial agglomeration with the help of the economic force;improving the hard environment of the regional finance and optimizing the soft environment of the financial culture;perfecting the financial market system and developing the regional endogenous finance;transforming the mode of government service and innovating the regional financial coordination mechanism.