Research on Balanced Development Effect of Financial Spatial Correlation Network——From the Perspective of Network Node Centricity
This paper discusses the impact of financial development on economic growth and economic gap from the perspective of urban network,which has important reference value for improving the financial system and mechanism to effectively support the real economy and promote the balanced development of regional economy.Using the data of 284 prefecture-level cities in China from 2011 to 2020,this paper empirically examines the balanced development effect of financial spatial correlation network.The results show that financial network centrality can promote urban economic growth,narrow the urban economic gap,and promote the bal-anced development of urban economy.The impact of financial network centrality on urban economic gap will be heterogeneous due to geographical location and urban agglomeration type,and the balanced development effect of financial network centrality is more obvious in the eastern region and the core urban agglomeration area.On the macro level,financial network centrality can reduce ur-ban economic gap by enhancing urban economic resilience and market potential,and enterprise entry and enterprise growth are the important micro-foundation for financial network centrality to promote the balanced development of urban economy.Further analysis shows that the financial network centrality is also conducive to narrowing the economic development gap within cities and between the north and south regions,but it is not conducive to the balanced economic development between urban and rural.
Financial Spatial Correlation NetworkNode CentralityUrban Economic GapRegional Balanced Development