The Empirical Research between the Financial Industry Clusters and Regional Economic Development

摘要

This paper builds a set of evaluation index system to measure competition of the financial industry cluster in different regions by using the principal component analysis method. By using the 2003-2008 index data of 31 provinces, autonomous regions and municipalities as research sample, the index for evaluating the compet itiveness of the various financial industry clusters in different regions in China has been calculated. Then based on the calculated index which will later be used as pro duction factors, we have managed to construct a model which connects the index with the tertiary industry and industrial structure. This paper's empirical results ex plain that cultivate financial industrial cluster in a financial region is very important, which provides a theoretical support for local government to take a series of mea sures to promote the formation of financial agglomeration and establish a regional financial center.