TL;DRAbstract
Finance is the blood of modern economy and the boosters of industrial development. The development of industrial agglomeration certainly depends on financial support. Based on panel data of 16 cities in Yangtze River Delta region during the period of 2000-2007, this paper empirically studies the relationship among financial structure, industrial cluster and regional economic growth. The result shows that there is a stable positive correlation between industrial agglomeration and regional economic growth, and both the deposit (loan) concentration and the size of equity financing have a significant and positive effect on regional economic growth, while financing structure has a significant and negative effect, and the impact of loan structure is not obvious. Finally this paper presents some brief countermeasures.
Chat with Paper
AI Agents for this Paper
Finance is the blood of modern economy and the boosters of industrial development. The development of industrial agglomeration certainly depends on financial support. Based on panel data of 16 cities in Yangtze River Delta region during the period of 2000-2007, this paper empirically studies the relationship among financial structure, industrial cluster and regional economic growth. The result shows that there is a stable positive correlation between industrial agglomeration and regional economic growth, and both the deposit (loan) concentration and the size of equity financing have a significant and positive effect on regional economic growth, while financing structure has a significant and negative effect, and the impact of loan structure is not obvious. Finally this paper presents some brief countermeasures.
Keywords
Chat
Click to start Chat