| General Secretary Xi Jinping once explained the importance of finance for development: "financial activities,economic activities;financial stability,economic stability.Prosperity in economy,prosperity in finance;strong economy,strong finance.The economy is the body,and finance is the blood.The two thrive together." At present,with the increasingly economic exchanges between regions,financial resources flow between regions more and more frequently,and with a number of close contact between large institutions,enterprises,the company headquarters,formation has certain particularity of industrial spatial structure.As a major province of economic development in the eastern coastal region of China,the development level of Shandongâs financial industry does not match the current overall economic volume.It is of great significance to promote the economic and financial development of Shandong province to explore the degree of financial industry agglomeration and its effect on the economic development of Shandong province,as well as the spatial effect of agglomeration on surrounding areas.Based on the theories of regional economic growth,industrial agglomeration and financial development.Secondly,this paper uses the measurement method of output value density quotient to analyze the financial agglomeration degree of Shandong province as a whole and each city.In this paper,a spatial econometric model is established,and the spatial lag model is selected according to the test results to make an empirical analysis of the relationship between the agglomeration degree of the financial industry and the level of economic development in Shandong province,so as to explore the concentration distribution of the financial industry and its impact on regional economic growth.The research results of this paper show that :(1)the financial industry agglomeration degree of each city in Shandong province is quite different,and the regional economic development is unbalanced and uncoordinated.(2)The financial agglomeration level of Jiaodong economic circle and provincial capital economic circle is relatively high,while the financial agglomeration level of Lunan economic circle is relatively low,and there is a big gap with the former two.(3)financial industry agglomeration has positive spatial spillover effect on regional economic growth,and the improvement of agglomeration level can promote the balanced development of regional economy;(4)when considering spatial factors,the proportion of total fixed asset investment is negatively correlated;(5)Gov,Int and open all have significant positive spatial spillover effects on regional economic growth,but there are some differences.Based on the above conclusions,this paper puts forward the following suggestions: first,promote the coordination between financial development strategy and regional development strategy;define the specific orientation of financial development in each region and promote the coordination between financial industry and economic development.Second,strengthen the diffusion effect of industrial agglomeration in cities with financial advantages,improve the utilization efficiency of resources.Third,improve the financial agglomeration degree of cities with low financial agglomeration level and promote the balanced development of regional finance.Fourth,improve the financial development environment,strengthen the construction of talent team,improve the strength of infrastructure construction,enhance the strength of economic development while promoting the development of the financial industry,and ultimately achieve a balanced economic development in Shandong province... |
