Financial services, spatial agglomeration, and the quality of urban economic growth–based on an empirical analysis of 268 cities in China

Zoey Wong, Rongrong Li, Yidie Zhang, Qunxi Kong and Molly Cai

Finance Research Letters, 2021, vol. 43, issue C

Abstract: This paper measures the quality of China's urban economic growth and analyzes the impact of the spatial agglomeration of financial services on the quality of urban economic growth. First, the quality of China's urban economic growth has maintained a trend of steady growth year by year, and regional differences have been shrinking. Second, the overall impact of the spatial agglomeration of financial services on the quality of urban economic growth is positive, and there is no turning point for the time being. Third, the direct and indirect effects of the spatial agglomeration in financial services are also significant.

Keywords: Financial services; Spatial agglomeration; Quality of urban economic growth; Principal component analysis; Spatial models (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (26)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:43:y:2021:i:c:s154461232100074x

DOI: 10.1016/j.frl.2021.101993

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