Impact Mechanism and Effect of Financial Development on Industrial Agglomeration in China

Based on the data of Beijing-Tianjin-Hebei Economic Circle from 2010 to 2019, this paper uses the spatial Durbin model to empirically analyze the impact of financial development and technological innovation on industrial agglomeration. The following are the conclusions of this study: (1) financial development has a positive effect on industrial agglomeration; however, a significant difference exists in the weight effect of the geographic distance matrix compared to the weight of the economic distance matrix; (2) in the spatial Durbin model with two matrix weights, technological innovation has a significant positive effect on industrial agglomeration; and (3) in the spatial Durbin model with two matrix weights, the interaction has a significant negative effect on industrial agglomeration. Therefore, the government should further implement the coordinated development strategy, promoting regional technological innovation for a long time to realize its integration with financial development.

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The impact mechanism of industrial agglomeration on energy efficiency-Evidence from producer service industry in China

Energy Sources Part B Economics Planning and Policy ◽

10.1080/15567249.2021.1966132 ◽

2021 ◽

pp. 1-19

Author(s):

Chao Hua ◽

Jianjun Miao ◽

Wenping Liu ◽

Gang Du ◽

Xing Wang

Keyword(s):

Energy Efficiency ◽

Service Industry ◽

Industrial Agglomeration ◽

Impact Mechanism ◽

Producer Service ◽

The Impact

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The Study on Industrial Agglomeration based on City Financial Development

International Journal of Advancements in Computing Technology ◽

10.4156/ijact.vol5.issue4.19 ◽

2013 ◽

Vol 5 (4) ◽

pp. 149-157

Author(s):

Sun Xiaoman ◽

Du Linzhi ◽

He Jundong

Keyword(s):

Financial Development ◽

Industrial Agglomeration

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Financial Systems and economic Development in the Russian Regions: A Comparative Analysis

Voprosy Ekonomiki ◽

10.32609/0042-8736-2015-10-94-108 ◽

2015 ◽

pp. 94-108 ◽

Cited By ~ 3

Author(s):

K. Krinichansky

Keyword(s):

Economic Development ◽

Comparative Analysis ◽

Financial Development ◽

Public Debt ◽

Fixed Capital ◽

Russian Regions ◽

Growth Mechanisms ◽

Financial Systems ◽

Debt Market ◽

Regions Of Russia

The paper identifies and assesses the closeness of the connection between incremental indicators of the financial development in the regions of Russia with the incremental regional GDP and the investment in fixed capital. It is shown that the positioning of the region as an independent participant of public debt market matters: the regional GDP and investment in fixed capital grow more rapidly in the regions which are regularly borrowing on the sub-federal bonds market. The paper also demonstrates that the poorly developed financial system in some regions have caused the imperfection of the growth mechanisms since the economy is not able to use the financial system’s functions.

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Credit Market Depth and Income Inequality in Vietnam: A Panel-Data Analysis

Journal of Economics and Development ◽

10.33301/2016.18.02.01 ◽

2016 ◽

pp. 5-18

Author(s):

Hoi Le Quoc ◽

Hoi Chu Minh

Keyword(s):

Data Analysis ◽

Panel Data ◽

Income Inequality ◽

Financial Development ◽

Inflection Point ◽

Panel Data Analysis ◽

Credit Market ◽

Method Of Moment ◽

Market Depth ◽

Generalized Method Of Moment

Financial development could exert various effects on income distribution of a country. By employing Generalized Method of Moment, this paper aims at examining the impacts of credit market depth, one of most used financial development barometers, on income inequality in Vietnam. The empirical findings show that expanding credit market in the country could lead to higher income inequality. We have not found evidence that supports the hypothesis of an inverted U-shaped relation ever introduced by Greenwood and Jovanovich, although this hypothesis may still hold in a sense that Vietnam has not reached to the inflection point to generate such a curve alike.

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