Spatial Measurement Analysis Of Financial Agglomeration On Regional Economic Growth

With the rapid development of economic globalization and information technology,the financial industry began to show the trend of cooperation and common development in the1970 s.From the beginning of only a few banks,to the emergence of financial holding companies,and now the large-scale agglomeration of all kinds of financial institutions,the financial industry has formed a agglomeration phenomenon.The impact of financial agglomeration degree on economic growth is also getting greater.As one of the major economic provinces in China,Sichuan province is not only the strategic support for China’s western development,but also an important position for the "Belt and Road" initiative and the construction of the Yangtze River Economic Belt.Since the beginning of the 12 th Five-Year plan and the construction of the financial center with Chengdu as the core,the economy of Sichuan province has developed rapidly.This thesis takes Sichuan Province as the research object,analyzes the mechanism of financial agglomeration on regional economic growth,and further discusses the relationship between financial agglomeration and regional economic growth through the empirical study of financial agglomeration on regional economic growth in Sichuan Province.First of all,starting from the connotation of financial agglomeration and the theory of regional economic growth,this thesis reads the relevant literature at home and abroad,as well as summarizes the motivation of financial agglomeration and the theory of regional economic growth,and further clarifies the research objectives and categories of this thesis.Then,we summarize the economic development status of Sichuan Province in recent years,and find that the financial agglomeration in Sichuan Province has not only a direct impact on the regional economic growth,but also an indirect impact on the neighbors.At the same time,in order to more objectively evaluate the financial agglomeration level in Sichuan Province,this thesis selects 11 indicators from the aspects of financial development scale,financial development efficiency and financial development environment from three directions of financial development environment to build an index system to measure the financial agglomeration level.By constructing geographic economic distance nested matrix correlation test and spatial measurement model selective test,the final choice based on geographic economic space weight matrix space dubin model of regression results analysis and spatial effect analysis,verify the financial agglomeration in Sichuan province to play a role in promoting regional economic growth.The main conclusions of this thesis are as follows: First,through the analysis of the financial agglomeration level and economic development of various regions in Sichuan Province,it is found that the financial agglomeration level in Sichuan Province varies greatly and the overall financial development level is unbalanced.Secondly,through the establishment of spatial measurement model,it is concluded that the financial agglomeration level in Sichuan province can not only promote the growth of local regional economy,but also promote the economic development of surrounding areas,that is,there is a positive spatial spillover effect.Based on the above conclusions,four relevant policy suggestions are put forward: strengthen the investment in financial infrastructure construction,strengthen the innovation of financial products and the formulation of preferential policies,strengthen the coordination and cooperation between regions,and build a financial talent training system.