System Dynamics Simulation of the Effect of Financial Agglomeration on Regional Economic Growth--Based on the Perspective of Factor Flow

doi:10.3969/j.issn.1005-6378.2016.06.010

Abstract

Abstract: Financial agglomeration plays a significant role in promoting regional economic growth through exploiting financial function and agglomeration effects.According to the ideas of “mechanism analysis,path analysis and model analysis”,the article summarizes the financial agglomeration's effects on the regional economic growth,including economies of scale,information spillover,knowledge spillover,innovation catalysis,structural adjustment and self reinforcing effect;based on the aspect of flow of production factors,like capital,technology and talents,financial agglomeration and regional economic growth causality feedback paths are analyzed and a system dynamics model is established.Simulation and experiments of policies are conducted through Vensim PLE.The results show that the effect of the implementation of talent policy is better than that of the legal system,and the effect of the implementation of innovation support policy on regional economic growth is not obvious.Therefore,relevant policies should be established to achieve cooperation between financial agglomeration and regional economy.

Key words: financial agglomeration, economic growth, system dynamics, factor mobility

CLC Number:

F207

JIN Hao,ZHANG Wen ruo. System Dynamics Simulation of the Effect of Financial Agglomeration on Regional Economic Growth--Based on the Perspective of Factor Flow[J]. JOURNAL OF HEBEI UNIVERSITY (Philosophy and Social Science), 2016, 41(6): 68-74.

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