Research On The Path Of Financial Support For The Urbanization Of Counties In The Sino-Vietnamese Border Area In Guangxi

At present,our country’s economy has shifted from the stage of high-speed growth to the stage of high-quality development,and the road of urbanization construction should also be transformed to high-quality.guidelines demanding various localities across the country promote urbanization with a focus on county towns,defines the development goals and specific tasks of county town urbanization construction,highlights its unique position and role in the new urbanization strategy,and also emphasizes the important significance of county town urbanization in border areas.By reviewing the relevant theories of urbanization and financial development both domestically and internationally,it can be found that with the advancement of urbanization,the increase in capital investment required for labor transfer,industrial upgrading,and infrastructure construction,finance,as the core of modern economy,will play a supporting role in the construction of county-level urbanization.Within the county level,financial institutions,mainly represented by banks,absorb a large amount of idle funds from society,and then transfer them to demanders through the financial system.They transfer savings into investment to promote the scientific allocation of financial resources within the county level,further affecting population mobility,economic development,and social services,and supporting and promoting the sustainable and high-quality development of county level urbanization construction.Although the level of county level urbanization in the border area between China and Vietnam in Guangxi is constantly improving,compared to the entire region and even the national average level in Guangxi,its urbanization construction has significant development space.Therefore,this article further studies the multidimensional impact of financial development on county-level urbanization.This article first analyzes the population,economic,social urbanization,and financial development status of each county in the Guangxi border area from 2010 to 2020,and uses the entropy method to calculate the scores of each dimension of county urbanization.Secondly,a two-way fixed effect model is established by combining financial scale,financial efficiency,and financial service coverage indicators to empirically test the impact of financial development on county-level urbanization construction,and analyze it by region.The empirical results indicate that: firstly,there is a significant positive impact of county-level financial development on county-level urbanization in the Sino Vietnamese border area of Guangxi,mainly reflected in financial efficiency and financial service coverage;Secondly,financial scale only has a significant positive impact on the level of county level social urbanization,while financial efficiency has a significant positive impact on the county economy and social urbanization level.The coverage of financial services shows a significant positive impact on all dimensions of county level urbanization;Thirdly,the financial development indicators of non border counties in border cities show a strong positive correlation with various dimensions of urbanization,while border counties show certain differences.Finally,combining relevant theories and empirical results,it is proposed that the county level urbanization construction in the Sino Vietnamese border area of Guangxi can provide financial support by expanding the scale of county level financial support,improving the efficiency of county level financial support,and increasing the coverage of county level financial services.