Research On The Radiation Effect Of Financial Industry Policy Based On Panel Data

With the acceleration of the global industrialization process,more and more people have paid attention to the geographical policy radiation caused by social production activities,that is,industrial policy radiation,a new production and operation mode,has played an important role in the rapid development of the global economy.Because of its important position in economic development,the financial industry has attracted many experts and scholars at home and abroad to study the radiation effects of financial industry policies.This paper will focus on how to use the radiation effect of China’s financial industry more effectively to promote and solve the practical problems faced by China’s economic development.First of all,this paper combs and expounds the causes of the radiation effect of financial industry policies,and focuses on analyzing the mechanism of financial industry policy radiation on economic growth from four aspects:external scale effect,financial knowledge spillover and knowledge learning effect,financial function effect and financial innovation effect;Secondly,from the perspective of comparative static analysis,this paper makes a comparative study of the radiation effects of financial industry policies in the banking,securities and insurance industries between prefecture level cities and other key cities in China,and draws the corresponding conclusions;Finally,from the perspective of empirical analysis,select reasonable samples,build a panel data analysis model,and study the impact of financial industry policy radiation effects on the economy through data statistical analysis.Through research,this paper finds that long-term close cooperation within different organizations can effectively differentiate risks;The financial industry can effectively promote the development of real social economy,and the effect is obvious;Compared with other domestic industries,the financial industry of prefecture level cities in China is more developed,but the development mode still needs to be reformed and innovated according to the local conditions;At the same time,the financial industry of prefecture level cities in China has not fully demonstrated the linkage effect formed in the real economy.Therefore,in order to give full play to the radiation effect of the financial industry policies of prefecture level cities,the first is to improve the scientific and technological innovation level of the financial industry of prefecture level cities and enhance the competitiveness of the industry itself;Second,we should pay attention to the reform of the local financial and economic comprehensive service system,and realize the diversification of the main body of the investment market;Third,we should actively expand upstream and downstream industrial chains,vigorously develop supporting industries,create industry leaders,introduce high-quality financial assets,and designate targeted financial policies;Fourth,as a prefecture level city,it should take advantage of the "the Belt and Road" policy to promote financial policies to support enterprises to actively go global,implement more active financial policies to support talent introduction strategies,and provide sufficient talent reserves for financial policies to support industrial development;Fifth,we should gather financial enterprises,make full use of all kinds of material resources,produce external scale effects,unite various types of financial and economic organizations and service institutions,and innovate marketing methods.