| As one of China’s four major economic sectors,the central region plays an increasingly significant role in the national economic development strategy.During the 13 th Five-Year Plan period,both economic development and financial development in the central region need to seize opportunities and meet challenges.The expansion of the total economic volume and the improvement of economic quality are the inevitable choices for the rise of central China.At the same time,the financial industry serving the economic development of the central region also has important practical significance in the process of the rise of central China.The healthy and stable development of the financial industry helps to promote stable economic growth in the central region,and the establishment of a financial agglomeration center provides vitality and resilience for the central economy.At present,the economic and financial development of the central region is still relatively backward,and the overall driving force of the financial industry to support regional economic growth is not large enough.In order to promote economic growth in the central region and form a financial agglomeration center in the central region,it is necessary to study the relationship between financial agglomeration and economic growth in the central region.This paper studies the relationship between financial agglomeration and economic growth in the six central provinces through a combination of theoretical analysis and empirical analysis.First of all,the financial agglomeration theory and economic growth theory are theoretically studied.On the basis of the related theory of the relationship between the two,the interaction between the two is analyzed.Then analyze the current situation of the relationship between economic growth and financial agglomeration in the six central provinces,and calculate the agglomeration level of the three major financial industries in the six central provinces based on the location entropy index.It is found that the financial agglomeration in the central region does not have an advantage.The development of the financial industry Lag behind economic growth.Secondly,based on the panel data model,this paper conducts an empiricalanalysis of the relationship between the financial agglomeration and economic growth of the six central provinces.By establishing a two-way interactive relationship model,the research results are as follows: the financial agglomeration and the financial agglomeration of the four provinces of Henan,Anhui,Hubei and Jiangxi Economic growth has a two-way effect of mutual promotion.Shanxi Province shows a one-way effect of economic growth promoting financial agglomeration.Hunan Province shows that the two-way effect of financial agglomeration and economic growth is not significant.From the influencing factors of the two,on the whole,human resources and foreign direct investment factors have a positive effect on economic growth,and fixed asset investment and government behavior have no obvious effect on them;on the whole,government factors are relatively fixed Asset investment has a greater role in promoting financial agglomeration,but human resources have a significant inhibitory effect on the deepening of financial agglomeration,and the effect of foreign direct investment on financial agglomeration is not significant.Finally,it provides countermeasures and suggestions for financial agglomeration and economic growth in the central region. |
