Research On Coordinated Development Of Financial Agglomeration And Industrial Structure Upgrade In Five Northwest Provinces

Financial centers have emerged one after another along with globalization.Financial agglomera tion has become a basic form of modern financial industry and has become an important part of f inancial development planning.The development of financial agglomeration drives the pulse of regi onal economic and promotes the upgrading of industrial structure through the agglomeration effect and diffusion effect.At the same time,the upgrading of industrial structure brings convenience and opportunities for the further development of financial agglomeration.The five northwestern provin ces are the frontier areas open to the west of China's Silk Road Economic Belt.At the same time,as the western region with relatively backward economic development,it not only plays a vital r ole in the implementation of the entire strategy of the “Belt and Road”,but also responds to the 19 th National Congress.The completion of the proposed “regional coordinated development strateg y” also plays a decisive role.For the five northwestern provinces with weak economic foundation,the industrial structure upgrading and financial agglomeration are at a relatively low level.The de velopment of the two is uneven and uncoordinated,which seriously restricts the development of th e regional economy.Then,it is especially important to study the coordinated development of finan cial agglomeration and industrial structure upgrading in the five northwestern provinces.The article takes this as the research objective,analyzes the coordinated development of financial agglomerati on and industrial structure upgrading in the five northwestern provinces,and further develops finan cial agglomeration and industry.The planning and suggestions for the coordinated development of structural upgrading have important practical significance for improving the financial agglomeration and industrial structure upgrading of the five northwestern provinces.The main research contents are as follows:(1)The paper summarizes the research on financia l agglomeration,the research on industrial structure upgrading,system theory and coupling theory f rom historical researches,and on this basis,combs the mechanism of financial agglomeration and i ndustrial structure upgrading;(2)Take a basic statistical description of financial accumulation and i ndustrial structure upgrading in the five northwestern provinces.On the basis of establishing a com prehensive development index system,the comprehensive development level of financial agglomerat ion and industrial structure upgrading is measured and compared by establishing a comprehensive development level evaluation model.(3)On the basis of coupling theory and system theory,the co upling coordination degree of financial agglomeration and industrial structure upgrading in the five northwestern provinces is measured by establishing a coupling coordination model,and the develo pment stages of the two phases are analyzed.(4)On the basis of determining the coupling degree of financial agglomeration and industrial structure upgrading,in order to further find out ways to promote the coordinated development of the two,with financial agglomeration as a breakthrough,through the establishment of Deng's gray correlation model,explore financial Main components of agglomeration to upgrade industrial structure The impact size;(5)Finally,according to the theoreti cal analysis and empirical analysis,the conclusions of the article are drawn and policy recommend ations are proposed.The conclusions of this paper are as follows:(1)The comprehensive rating index of financia l agglomeration and industrial structure upgrading in the five northwestern provinces has shown a gradual upward trend in the past 10 years,showing strong correlation,but financial between differ ent provinces(regions)There is a certain difference between the comprehensive development level of agglomeration and the comprehensive development level of industrial structure upgrading.(2)Th e coupling degree and coordination degree of the five northwestern provinces all show an upward trend with the development of time.The coupling level is higher but the coordination degree is sti ll relatively Low level,and no obvious regional differences in space;(3)The influence factors of financial agglomeration in the five northwestern provinces on the degree of correlation of industrial structure upgrading,there are certain differences in various provinces(regions),different provinces(districts)The upgrading of industrial structure has different degrees of demand for banking,secur ities and insurance in financial agglomeration.The three influential factors in the top three are: ma rket value of listed companies,deposit and loan balance of banks,and insurance density.Combining theoretical analysis,empirical analysis and specific conditions in the five northwest ern provinces,the article proposes suggestions for adapting to the development of the five northwe stern provinces:(1)optimizing the financial ecology and enhancing financial agglomeration;(2)usin g the location advantage to upgrade the industrial structure;(3)Play comparative advantage and e nhance regional cooperation.