Research On Financing Effects Of Urban Rail Infrastructure Of "Longhai-Lanxin" Line

In 2013,our country put forward the concept of “One Belt and One Road”.Up to now,the economic of cities along the Longhai Lanxin Economic Belt,as an important part of the “One Belt and One Road” economic belt,has developed continuously,and the scale of social financing has expanded gradually.The railway infrastructure in the cities along the route has also made long-term progress on the basis of economy,which followed by the concentration of population and economic resources,promoting regional economic and financial prosperity,and in turn affect the regional industrial structure and financial markets.This paper researches the impact of railway infrastructure on the scope of regional financing,which helps to strengthen understanding of the dialectical relationship between railway infrastructure and regional financing,strengthen supervision,and promote regional financial markets.At the same time,This paper also provides theoretical support for the "One Belt and One Road" policy.The paper first describes and validates the spillover effects and financing effects of the cities along the Longhai-Lanxin railway,then uses the two cities of zhengzhou and wulumuqi as examples to analyze the topic of the development of regional financing with different levels of railway infrastructure in detail,applying the panel model with dummy variables.Finally,by establishing of spatial weight matrix and using space panel model,the paper discusses the dialectical relationship between railway infrastructures and regional financing of 13 cities along the Longhai-Lanxin Railway,and calculate the direct,indirect effects(ie spillover effect)and total effect.The results of the study show that: 1.The direct effect among 13 cities is generally greater than the spillover effect.2.The railway infrastructure,labor force,and government fiscal expenditures have a positive spillover effect on loans from financial institutions.At present,the main driving force for regional financing development is the growth of labor force and GDP.3.The development of railway infrastructure will help to increase the scale of regional financing,but its promotion is limited.Further,this paper proposes relevant policy recommendations to strengthen the construction of railway infrastructure along the route,enhance quality education,and build a good financing environment.