Research On The Impact Of Financial Agglomeration On The Growth Of Marine Economy

Finance plays an important role in the development of the national economy.The agglomeration effect generated by the financial industry can rationally allocate various production factors,integrate information resources,reduce production costs,and greatly promote regional economic growth.In recent years,my country's economy has changed from high-speed development to high-quality development,and the development speed of the marine economy has also been greatly improved.Since all countries in the world have vigorously developed the economy at the expense of the ecological environment,they have seriously consumed land resources,and humans have to seek new development directions from the ocean.As a stable resource bank and gene bank in the natural world,the ocean provides abundant raw materials and development space for human survival and development.The marine economy is a complex economic system,and its development has some particularities.For coastal areas where the financial industry is developing rapidly,how financial agglomeration affects the growth of the marine economy.What kind of influence it has is what this article studies.In order to study the impact of financial agglomeration on marine economic growth,this paper first sorts out the research results of domestic and foreign scholars in financial agglomeration and marine economic development and other related fields,and on this basis,from economic growth,marine industrial structure adjustment and marine industrial technology Three aspects of innovation analyze the impact mechanism of financial agglomeration on marine economic growth.Secondly,the principal component analysis method is used to measure the financial agglomeration degree of 11 provinces and cities along the coast of mainland China(hereinafter referred to as "coastal areas"),and a comprehensive score is calculated,and on the basis of this,the clustering analysis method is used to classify the calculation results.Subsequently,an empirical analysis of the impact of the coastal region's financial agglomeration on marine economic growth from 2007 to 2016 was conducted.On this basis,the coastal areas are divided into the Yangtze River Delta Economic Circle,the Bohai Rim Coastal Economic Circle and the Pan-Pearl River Delta Coastal Economic Circle,and the differential impact of the financial agglomeration of the coastal economic circles on the growth of the marine economy isanalyzed.Finally,starting from the three major transmission mechanisms,the effect of financial agglomeration in coastal areas on the growth of the marine economy is further analyzed by constructing an intermediary effect model.Through a series of analyses,this article draws the following conclusions:(1)The degree of financial agglomeration in coastal areas as a whole showed a steady growth trend from 2007 to 2016,but the degree of financial agglomeration in various coastal economic circles differs.(2)Through the empirical analysis of the entire coastal area,we can see that financial agglomeration,human capital and capital stock can significantly promote the growth of the marine economy.Among them,the promotion of human capital is greater than the capital stock,but the investment in scientific research has no impact on the growth of the marine economy..(3)For the three major coastal economic circles,the impact of financial agglomeration on the growth of the marine economy differs among the coastal economic circles.(4)Financial agglomeration promotes marine economic growth through the three major transmission mechanisms of promoting regional economic growth,adjusting marine industrial structure and promoting marine technological innovation.Based on the above analysis,a series of policy recommendations are made based on the conclusion of the article.