Study On The Influence Of Financial Industry Agglomeration On Regional Economic Growth In Shandong Province

Along with the increasingly close economic cooperation,due to the high liquidity of financial resources,financial institutions in the pursuit of economies of scale,driven by the flow of financial resources will spontaneously the most conducive to exert its efficiency of an area,this creates a financial agglomeration phenomenon,and the agglomeration phenomenon can promote the prosperity of the local financial industry,promote the development of the region and economic growth,at present,this view has been demonstrated in the related research.Although the mainstream view has reached the basic consensus,the research results are also different due to different research areas and methods.Therefore,we still need to continue to study and pay attention to the influence and function of financial industry agglomeration on regional economic growth.The current study,the main research object is the national or the Yangtze river delta,the pearl river delta and so on,and in shandong province as a big province of our country's economy,financial big province,just into the implementation of the early stage of financial reform in recent years,at the same time is in the key to the financial big province towards a strong financial period.Choose shandong province as the research object,and study its financial industry agglomeration level,analysis of the financial industry agglomeration effects on economic growth,this will be the future optimization of the structure of the financial industry in shandong province,to promote further development of the financial sector,so as to realize a powerful province of financial strategy to promote regional economic growth,is of great significance.This article first reviews and finishing the scholars before the related research of financial industry cluster,and then,from the agglomeration factor,formation mode and the effect on economic growth mechanism of the financial industry agglomeration are analyzed in theory,to lay a theoretical basis for below,secondly,the article on economic growth and financial development in shandong province has carried on the comprehensive analysis of the status quo,in consideration of a variety of financial agglomeration degree of advantages and disadvantages for the methods of measurement,choose the location entropy method of 17 cities in shandong province in 2010-2016 financial sector as a whole,banking and insurance industry agglomeration degree were measured and comparative analysis,and then,this paper selected the relevant data of 17 cities in shandong province from 2010 to 2016,the panel data model is set up,and empirically the impact of the financial industry agglomeration in shandong province to economic growth,at the same time,the contrast analysis of the finance sector differences inbanking and insurance industries impact on economic growth,in addition,in order to study the financial industry agglomeration in shandong province on the regional differences of economic growth,this paper,the sample is divided into four regions,and carry on empirical test areas,according to the empirical results are analyzed and summarized,and finally put the corresponding Suggestions.Around city in shandong province in this paper,the research results show that the unbalanced financial industry cluster,the cluster phenomenon mainly concentrated in the east of jinan,Qingdao,yantai and dongying coastal areas,the overall concentration level is not obvious,therefore,the financial industry agglomeration in shandong province is promoting effect on economic growth,but the promoting effect is not obvious,expand the survey,the insurance industry cluster's effect on economic growth in shandong province is the largest,significantly higher than the Banks offer the promoting effect on economic growth,from the point of subregional,circle of blue area of shandong province and the provincial capital of financial agglomeration have more significant effects on regional economic growth,yellow zone and uplift belt of financial agglomeration of promoting effect on economic growth is not significant.