Financial Agglomeration,Technological Innovation,and High-Quality Economic Development
With the gradual improvement of the financial system,financial agglomeration plays an important role in social and economic development.This article conducts empirically tests based on panel data from 31 provinces(autonomous regions,municipalities)in China from 2003 to 2022.The benchmark regression shows that financial agglomeration promotes high-quality economic development and has passed the robustness test.The intermediary effect indicates that financial agglomeration promotes high-quality economic development by promoting technological innovation.Based on the research findings,the following policy recommendations are proposed.According to the actual situation in various regions,it needs to continue to promote financial system reform,appropriately increase support for the financial industry,and formulate relevant preferential policies.Government departments can formulate relevant policies to increase the enthusiasm of enterprise departments to invest in scientific and technological innovation,help improve the level of scientific and technological innovation,and promote high-quality and sustainable economic development.
financial agglomerationtechnological innovationhigh-quality economic development
万方数据
维普
