Academic Journal of Business & Management, 2023, 5(5); doi: 10.25236/AJBM.2023.050515.
Kecong Wu, Lili Jiao, Yanglin Chen
School of Finance, Anhui University of Finance and Economics, Bengbu, Anhui, China
Based on the panel data of 27 cities in the Yangtze River Delta from 2013 to 2021, this paper evaluates the high-quality development level of the Yangtze River Delta by constructing an evaluation index system of high-quality economic development. We use the spatial econometric model to analyze the spatial spillover effect of financial development in the Yangtze River Delta on high-quality economic development. The findings are as follows: (1) The high-quality development level of the Yangtze River Delta has steadily improved. (2) The high quality development of the Yangtze River Delta has a phenomenon of spatial aggregation, and the comprehensive score of the east and south is significantly higher than that of the west and north. (3) The high-quality development of the Yangtze River Delta has a spatial spillover effect. (4) Financial scale can promote high-quality economic development and has a positive spillover effect.
Financial development; High quality development; Spatial spillover effects
Kecong Wu, Lili Jiao, Yanglin Chen. Research on the Spillover Effect of Financial Development on High-quality Economic Development Based on 27 Cities in the Yangtze River Delta. Academic Journal of Business & Management (2023) Vol. 5, Issue 5: 106-112. https://doi.org/10.25236/AJBM.2023.050515.
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