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The Analysis on the Effect of Financial Agglomeration on the Economic Growth in Xinjiang
Pages: 68-72
Year: Issue:  12
Journal: Xi'an Finance

Keyword:  financial agglomerationeconomic growthlocation entropy;
Abstract: The paper analyzes the financial agglomeration degree in Xinjiang from three aspects of banking, securities and insurance using the location entropy, finds that the financial agglomeration degree in Xinjiang takes on the downward trend year by year.The paper uses factor analysis method to get the financial agglomeration index, and using data from 2001 to 2013, examines the effects of the financial agglomeration on the economic growth in Xinjiang, and finds that the financial agglomeration plays an obvious role in promoting economic growth in Xinjiang. Finally, the paper puts forward suggestions for the financial agglomeration to promote economic growth in Xinjiang.
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