Does Regional Financial Resource Contribute to Economic Growth? From the Perspective of Spatial Correlation Network

Abstract

Using the method of social network analysis, this article explores the characteristics of financial resources distribution at the provincial level in China from 2000 to 2017, and analyzes the influencing factors and network effects of the spatial correlation network characteristics on distribution of financial resources, the results are as follows: The overall network characteristics of the financial resources distribution among provinces and cities in China are of low density, of high dependence and poor stability. The level of economic development, marketization, and integration are related to the spatial correlation network of the distribution of financial resources, and the level of integration and marketization have a significant positive impact on it. Due to the imbalance of economic development among regions in China, the overall network characteristics have a negative network effect on the speed of economic development. Individual network characteristics have a positive network effect on the speed of economic development. Improving network density, network correlation, and reducing network level can narrow the gap in economic development between provinces.