Research on the relationship between the imbalance of regional economic growth and the allocation of financial resources

Abstract

Since the reform and opening up, China’s economic growth has attracted worldwide attention, and people’s living standards have been significantly improved. However, China’s economic growth shows an unbalanced trend, that is, the level of economic growth in the central and western regions is far lower than that in the eastern regions, and the gap between regional economic growth is still widening, which seriously hinders the construction of a harmonious society in China. The allocation of financial resources will play a mainstay role in economic development. Therefore, it is important to pay attention to the relationship between the imbalance of regional economic growth and the allocation of financial resources. This paper chooses GDP per capita to represent regional economy, and chooses deposit loan ratio, industrial structure, financial expenditure per capita, foreign capital per capita and insurance premium per capita to represent financial resource allocation. Using the above variables to build a panel regression model, according to the coefficient of the regression analysis results, this paper puts forward relevant suggestions to balance regional economic growth.