Abstract:
With the arrival of the new economic norm, China’s economy has officially entered the era of “structural deceleration”. This paper studies the internal relationship among the financial agglomeration, industrial structure upgrading and economic growth in 30 provinces, cities and regions in China based on the spatial econometric model. The research shows that financial agglomeration and industrial structure upgrading have a significant positive promoting effect on China’s economic development at the present stage, which has a strong radiation effect on adjacent areas and serves as the major driving force in China’s economic growth. The open market, labor and material capital investment have a positive effect on economic growth, and government behavior has a certain degree of spatial inhibition. The linkage of financial agglomeration and industrial structure is conducive to regional economic growth and space spillover