| The Yangtze River Delta is one of the regions with the highest economic vitality,the strongest degree of openness and the fastest urbanization process in China.How to make the Yangtze River Delta really become an important engine of strong and active growth pole of national development and economic and social development,the key is to build a world-class city group with high level and quality.This puts forward new challenges for the construction of the Yangtze River Delta urban agglomeration.In the recently issued document on regional development planning of the Yangtze River Delta,the state has made an important deployment to build a world-class city cluster in the Yangtze River Delta,including accelerating the construction of a world-class financial center,improving industrial competitiveness and optimizing industrial layout.At present,the Yangtze River Delta urban agglomerations are in the critical stage of innovative development.How to effectively promote the healthy development of the financial industry and promote the upgrading of the industrial structure of the urban agglomerations in the Yangtze River delta needs to be solved.In this context,based on the Yangtze River Delta urban agglomeration,this thesis explores the specific impact of financial agglomeration on the adjustment of industrial structure and how the government should use this channel to better promote the development of local industrial structure.First of all,this thesis combs the domestic and foreign scholars’ research literature on financial agglomeration and industrial structure,on this basis,it specifically expounds the theory and mechanism of financial agglomeration and industrial structure adjustment.Then,this thesis selects the relevant sample data of the Yangtze River Delta city cluster from 2000 to 2018,uses the location entropy method to measure the degree of financial agglomeration of the city cluster,and uses the qualitative and quantitative methods to analyze the development status of financial agglomeration and industrial structure of the Yangtze River Delta city cluster.In addition,the static panel model and the dynamic panel model are constructed to verify the specific impact of financial agglomeration on the adjustment of industrial structure,and a comparative analysis is conducted from the perspective of the overall financial industry and the sub industries.The empirical results show that whether the static panel model or the dynamic panel model,the financial agglomeration of the Yangtze River Delta city cluster has a positive role in promoting the adjustment of industrial structure.Deep into the financial industry,it is found that in the static model,banking industry agglomeration promotes the adjustment of industrial structure,while in the dynamic model,banking industry agglomeration and insurance industry agglomeration have a positive impact on the adjustment of industrial structure,and the impact of banking industry agglomeration on the industrial structure is greater than that of insurance industry agglomeration.In the control variables,the level of economic development and education will significantly promote the positive adjustment of industrial structure,and the level of information technology has a certain inhibition on the adjustment of industrial structure.At the same time,the results of dynamic model also prove that the adjustment of industrial structure is a dynamic process,and there is a certain adjustment inertiaFinally,combined with the empirical results and the actual development of the Yangtze River Delta region,we put forward targeted suggestions.The specific operational countermeasures are as follows:strengthen the construction of the financial system and increase the degree of financial agglomeration;give play to the leading role of core cities and promote the development of financial industry in surrounding cities;strengthen financial innovation and improve the ability of serving the real economy;optimize the function of regional cities industrial system and clear industrial positioning. |
