Title: Regional Finance Agglomeration and Economic Growth
Abstract: The analysis of cooperativity find there is trend of coordinated development between regional finance agglomeration and economic growth.Stationarity tests and cointegration find there is long term stable equilibrium relationship between regional finance agglomeration and economic growth.Impulse response function analysis based on VAR model indicate that positive impulsion of regional finance agglomeration or economic growth will bring positive response from each other.Granger causality tests make more tests about the causality of different lag phase between regional finance agglomeration and economic growth,and find there is reciprocal causation relationship between regional finance agglomeration and economic growth.The synergistic effect between regional finance agglomeration and economic growth must be accorded great importance to in regional finance,economy development and operation of the macro economy.
Publication Year: 2010
Publication Date: 2010-01-01
Language: en
Type: article
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