The Impact of Financial Agglomeration on Economic Growth

DOI: https://doi.org/10.62517/jel.202514527

Author(s)

Aiyuan Guan*, Wenqian Jiang, Siyuan Zhao

Affiliation(s)

North China University of Technology, Beijing, China *Corresponding Author.

Abstract

This paper focuses on financial agglomeration, an important phenomenon in the modern economic system. By reviewing relevant literature, it delves into the impact mechanisms of financial agglomeration on economic growth, covering aspects such as capital accumulation, technological progress, industrial structure upgrading, and spatial spillover. Meanwhile, it analyzes the regional differences between the eastern and central - western regions. The study finds that financial agglomeration has multiple positive impacts on economic growth, and there are differences among different regions due to various factors. Based on this, it puts forward suggestions for optimizing financial resource allocation and promoting coordinated regional economic development, and points out the direction for future research.

Keywords

Financial Agglomeration; Economic Growth; Impact Mechanism; Regional Difference

References

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