| Since the Ninth Five-Year Plan,the topic of coordinated development of regional economies has undergone changes in various stages of development.Research on the coordinated development of regional economies has emerged in an endless stream.Scholars are focusing on the connotation,mechanism,influencing factors,and measures of coordinated development of regional economies.Made a lot of contributions.This article examines the degree of regional economic coordinative development from the perspectives of regional economic development gaps,regional economic linkages,and regional growth convergence.Regional financial development can significantly improve the allocation efficiency of regional economic resources and show important economic functions in regional economic development.At the same time,there is a difference in financial resources between different regions.Financial resources flow between regions with different degrees of development.Changes will be made to the economic development among subregions,which will have an important impact on the coordinated economic development of the entire region.This paper takes the mechanism process of realizing the coordinated development of regional economy as the starting point of research,focusing on the two functions of financial agglomeration and financial diffusion in the theory of financial function,focusing on the coordination of regional economy from the perspective of the financial function of agglomeration and diffusion of financial resources.The impact of development.Trying to clarify the role of financial development in the coordinated development of the regional economy,based on the new economic geography model,establish a theoretical model of regional heterogeneity and introduce the effects of the agglomeration and diffusion of financial resources into theoretical models.Study the impact on the coordinated development of regional economy,and then conclude that regional financial agglomeration effect and diffusion effect on economic underdevelopment and developed regions will have different effects on the coordinated development of regional economy,and two kinds of financial effects onexisting output levels.The gaps between the two regions further affect the output gap between the two regions.In areas where the economic development is relatively backward,the level of financial agglomeration exceeds that of relatively high economic development.The level of coordinated regional economic development increases,and vice versa,the effects of financial diffusion include the region's other The proliferation of the region and the proliferation of other regions in the region are equally affecting the regional economic development while affecting the regional economic development.In order to better reflect the internal economic links in the region,this paper selects 12 urban agglomerations from 2001 to 2015 to establish comprehensive evaluation indicators based on regional economic disparities,regional economic growth convergence,and inter-regional economic relations,aiming at regional economic coordination.Quantitative measures are taken,and in light of the gaps in the coordinated development of urban agglomeration economies,the status of financial development utility levels in 12 urban agglomerations is further explored,and comparisons are made to compare the factor endowments of financial resources in urban agglomerations,financial agglomeration levels,and financial diffusion level measurement results.There are gaps in the endowment of financial factors in urban agglomerations,and there are imbalanced and asymmetrical phenomena in various financial development indicators.Combining with the theoretical analysis results,both the strong endowment of financial resources and the weaker regions show different degrees of financial diffusion and financial agglomeration intensity.The regions with better endowment of financial factors are often affected by the financial diffusion effects of other regions,and the regions with poor endowments have the opposite effect.Under such a mechanism,the regional economic coordination level will deteriorate.Finally,using the fixed panel data model to empirically test the data of 12 urban agglomerations from 2005 to 2015,the results show that the financial agglomeration effect will play a positive role in promoting the coordinated development of the regional economy,while the financial diffusion effect does not show the coordination of the regional economy.Develop a significant impact path;at the same time,examine the impact of the agglomeration and diffusion effects of financial development on the coordinated development of regional economies underthe market competition mechanism.The results are consistent with previous empirical tests,ie,the level of financial agglomeration effect is significant while that of regional finance.However,the financial diffusion effect does not show a significant level of significance.The empirical results also partially test the content of theoretical analysis.Finally,we aim to analyze the results of theoretical and empirical analysis and draw up targeted conclusions and policy recommendations. |
