Research On The Impact Of Financial Agglomeration On Technological Innovation In My Countr

Since the reform and opening up,China’s economy has entered the fast lane of development.With the continuous development of economy and the increasing adjustment of industrial structure,the financial industry,as a subsidiary industry of industrial clusters,is also developing rapidly.In China,the financial industry has been continuously agglomerating in various regions,resulting in a strong agglomeration effect.At present,with the slowdown of international trade growth and the impact of the global epidemic,China is in urgent need of transforming its development mode and constantly attaching importance to the domestic economic cycle,which requires further improvement of the level of technological innovation on the supply side.At the same time,there are large development gaps between urban and rural areas and between regions in China.The study on whether the impact of financial agglomeration on technological innovation is reflected in geographical space can provide a certain policy perspective for the balanced development of regional economy in China,In order to study the impact of financial agglomeration on technological innovation,this paper firstly summarizes the existing research conclusions by reading the existing research results.On this basis,this paper analyzes the concrete path of financial agglomeration affecting technological innovation by using economic theory.Through the analysis of the influence of financial agglomeration on technological innovation,this paper puts forward the corresponding research hypothesis.It is found that although China’s financial and technological innovation develop rapidly,there is imbalance in regional development.Then in Chapter 5,this paper constructs the measurement method of financial agglomeration,and uses relevant statistical data to measure the agglomeration degree of the financial industry as a whole as well as banks,insurance and securities,and analyzes the development of regional financial agglomeration in China.Finally,based on the panel data of 31 provinces(cities)in China from 2006 to 2017,this paper constructs a spatial Dupin model to examine the impact of financial agglomeration on technological innovation.It not only examines the overall impact of financial agglomeration on technological innovation within the region,but also examines the spatial spillover effect of financial agglomeration on technological innovation.At the same time,this paper examines the heterogeneity of banking,insurance and securities on technological innovation.The empirical results of this paper show that financial agglomeration can promote the technological innovation within the region,while it can inhibit the technological innovation in the surrounding region.The agglomeration of banking and insurance industry can significantly.while securities industry will promote the technological innovation in the surrounding areas.According to the empirical results,this paper puts forward the corresponding policy recommendations in Chapter 6.