Dissertation
Dissertation > Economic > Fiscal, monetary > Finance, banking > China's financial,banking > Local financial services industry

Study on the agglomeration of financial industry of Beijing

Author LiangZuo
Tutor ShenHongLiang
School Capital University of Economics
Course Political Economics
Keywords Beijing’s financial agglomeration Regional economic growth LocationQuotient
CLC F832.7
Type Master's thesis
Year 2014
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Financial industry tends to show the characteristic of industrial agglomeration withthe development of economic globalization and information technology.This study selects Beijing’s financial industry agglomeration and regional economyas the research object, based on the New Economic Geography "core-periphery" theory,adopts such methods as theoretical and empirical analysis, qualitative and quantitativeanalysis, as well as comparative analysis, to conduct the theoretical and empiricalresearches on the formation mechanism of financial industry agglomeration andmechanism promoting the regional economic growth.According to the developing process and major historical events of Beijing’sfinancial industry, this study made Beijing’s financial industry agglomeration divide intotwo stages, namely, the formation stage and development stage. Through referring to theconcepts of fixed cost and variable cost in theory of cost of microeconomics, it specifiesthe incentive factors of financial agglomeration into fixed and variable factors accordingto whether the factors changes easily. It divides the variable factors into endogenous andexogenous factors based on whether they are determined by the internal characteristics offinancial industry, and according to the specific condition of Beijing to describe themotivating factors of the financial industry agglomeration formation. From thecomparative analysis from horizontal and longitudinal perspectives by placing thefinancial agglomeration of Beijing in different levels and ranges, it finds that Beijing’sfinancial agglomeration ranks the country’s leading level and the regional financialagglomeration tends to rise gradually. The empirical research on Beijing’s financialagglomeration and economic growth shows some correlation between them, manifestedas the financial agglomeration promotes economic growth.

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