Research on the Impact of Financial Agglomeration on Regional Economic Growth:Taking 31 Provinces and Cities in China for Example
Under the new development requirements,building a new type of regional financial development center can help promote domestic and international dual circulation,integrate financial resources and optimize resource allocation,thereby contributing to economic growth.Based on the interprovincial panel data in China from 2010 to 2021,this paper explores the impact of financial agglomeration on regional economic growth by using the financial agglomeration level of various provinces and cities.It is found that the increase in the level of financial agglomeration will have a positive and significant effect on the economic growth of a region.Finally,based on the conclusions of empirical analysis,this paper puts forward policy suggestions for the improvement of financial agglomeration and the growth of regional economy.In the future,we should accelerate the improvement in the construction of a modern financial system,continue to optimize the structure and layout of the regional economy,and continuously give full play to the advantages of integrated market development,so as to help improve the efficiency of the city's economy and provide strong support for the construction of an economic power.
financial agglomerationregional economic growthsustainable development
NETL
NSTL
万方数据
