金融结构、产业集聚和区域经济增长：长三角经验

【Abstract】wWw.shuoshilunwen.com With the increasingly activity of cross-border investment, economic globalization, industrial agglomeration has become a common phenomenon of global economic development, it turns to be the key factor and concentrated expression of regional economic growth. Recent years, China has also emerged in different kinds of industrial agglomeration area. However, the formation and development of industrial agglomeration depend on some external environment and condition. Particularly, the capital demand and financial structure he special requirements, because the requirements of financial service for real economy are various, the different financial structures and their patterns of financing he comparative advantages in the aspect of financial service. Financial Development theory shows that finance is necessary for economic growth, and the essence of financial development is financial structure’s optimization. Only by constantly improving the regional financial structure and system, meeting the financing needs of different industries, it can lift shackles for further developing industrial agglomeration, and promote regional economic growth better. The Yangtze River Delta is the most active and competitive region of economic development in China, behind its rapid economic growth, there are many industrial clusters and strong financial support. Therefore, the example of Yangtze River Delta is typical and meaningful. According to China’s economic development goals, it is significant that we study the contribution of regional financial structure and industrial agglomeration to economic growth, the relationship between financial structure and industrial agglomeration, and build a Suitable financial system for regional economic development.The main contents of this paper are as follows:First, we review the theory and empirical research of financial development, financial structure, industrial agglomeration and economic growth, illuminate the necessary of the research and introduce the frame. Second, we theoretical analyze the impact of in the process of regional economic growth, then discuss the interactive mechani between financial structure and industrial agglomeration. Third, we describe the state of Yangtze River Delta’s financial development and industrial agglomeration. Then, based on the panel data, we empirical study the role of financial structure and industrial agglomeration to regional economic growth, and the relationship between financial structure and industrial agglomeration. Conclusions as that:(1) industrial agglomeration has promoting effects to regional economic growth. (2) deposit(loan) concentration and the scale of equity financing he significant positive effects to regional economic growth, while financing structure has significant negative effects, and the impact of the loan structure is not obvious. (3) loan structure has significant positive effects to industrial agglomeration, while deposit concentration and financing structure he some negative effects. Finally, this paper puts forward some suggestions on the economic growth of Yangtze River Delta.