Empirical Study On Agglomeration Effect Of Financial Industry And Regional Economic Growth

After into the economic globalization,the financial industry to become the world's one of the pillar industry of economic development,China's Beijing,Shanghai city has been toward international financial center,the urban development in coastal cities such as hangzhou also followed,is accelerating its financial industry,is located in the southwest of kunming,the capital of yunnan province,in the development of the financial industry appeared the phenomenon of financial agglomeration,the financial industry got a certain development,but the relative financial industry developed city for its level of financial development is still in a relatively backward situation.This article from the financial agglomeration effect and the relationship between regional economic research perspective,combined with the existing financial industry development situation in our country,the financial industry is relatively backward in kunming as the research object,and the financial agglomeration and regional economic growth and financial agglomeration effect research generalizes the literatures,from the perspectives of its connotation,the motivation,the literature review.This paper theoretically analyzes the indicators suitable for measuring the agglomeration of financial industry,and discusses the positive and negative effects of agglomeration of financial industry.In kunming economic and financial development status quo of qualitative analysis,by measuring the kunming financial location entropy value of the three major industries,namely the banking,securities and insurance rates of location entropy and kunming financial related,it is concluded that the kunming the three industry agglomeration status,verify the existence of the financial industry agglomeration in kunming,facts and roughly measures the kunming financial development situation,and just in kunming economic and financial development has made the analysis and review.The empirical part estimates the location of the financial industry in kunming,entropy,and carries on the empirical analysis through the VAR model,found itself in kunming,kunming financial agglomeration has promoted economic and qujing city economic growth,and no yuxi and chuxiong city economicgrowth.At last,the conclusion of this paper is summarized,and some Suggestions are made on developing financial industry and improving financial agglomeration level in kunming city.This paper provides theoretical support for the development of financial industry and the improvement of financial agglomeration in kunming through the empirical and analysis of financial industry agglomeration.