A Study in the Flow of Financial Resources in the Yangtze River Delta from the Perspective of Financial Gradation Cities in Urban Agglomerations

Mingzhu Li; Rongxin Xu; Di Zhou

doi:doi:10.11648/j.earth.20190803.18

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A Study in the Flow of Financial Resources in the Yangtze River Delta from the Perspective of Financial Gradation Cities in Urban Agglomerations

Mingzhu Li, Rongxin Xu, Di Zhou

Published in Earth Sciences (Volume 8, Issue 3)

Received: 31 May 2019 Accepted: 1 July 2019 Published: 17 July 2019

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Abstract

The barrier-free flow of financial resources among nodes (regions) is not only conducive to more efficient use of financial resources, but also plays an important role in alleviating the contradiction between supply and demand of regional financial resources and promoting regional economic development. Based on the theory of spatial interaction among financial gradation cities, the paper takes the expansion of commercial banks in the Yangtze River Delta as an example, and constructs the flow network of financial resources between cities. Using the social network analysis (SNA) and Dagum Gini coefficient decomposition method, the paper analyzes a series of problems such as the development of the financial resources, flow path selection and flow coordination during the period 2008- 2014. The conclusions can be drawn as follows: (i) the flow density between prefecture-level cities is the largest, which grows rapidly as time goes by, followed by county-level cities to prefecture-level cities and the flow density between other sorts of cities is relatively small. (ii) The flows of financial resources between prefecture-level cities presents typical features of homogeneous diffusion, while the flows from prefecture-level cities to counties and other sorts of cities has the feature of conditional diffusion. Flow barriers between provincial level border holds the biggest effect, followed by the differences of economic and financial development level between the prefecture- level cities and county- level cities. Among the effects of condition, Provincial-level borders have the greatest impact, followed by urban economic gaps and financial development gaps. (iii) The degree of variance in financial resource inflows within county-level cities is the largest, and the inflow of financial resources in country-level cities has a tendency of Matthew effect. It shows that in the Yangtze River Delta, the trend of integration only exists between prefecture-level central cities. Moreover, the radiation effect of central cities on its financial hinterlands is not strong which should be further strengthened. Therefore, on the one hand, the integration policy at macro-level such as "regional financial coordination policy" and "regional trust system construction" in the urban agglomeration of this region should cover the country-level cities. On the other hand, country-level cities themselves (especially the backward countries) should also make great efforts to improving the current economic and financial environment by narrowing the gap between the cities to reach the goal of Planting Phoenix trees well to attract Phoenix.

Published in	Earth Sciences (Volume 8, Issue 3)
DOI	10.11648/j.earth.20190803.18
Page(s)	205-216
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2019. Published by Science Publishing Group

Keywords

Financial Gradation Cities, Urban Agglomerations, Financial Resources Flow Network, Flow Coordination, Flow Density, The Yangtze River Delta

References

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APA Style

Mingzhu Li, Rongxin Xu, Di Zhou. (2019). A Study in the Flow of Financial Resources in the Yangtze River Delta from the Perspective of Financial Gradation Cities in Urban Agglomerations. Earth Sciences, 8(3), 205-216. https://doi.org/10.11648/j.earth.20190803.18

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ACS Style

Mingzhu Li; Rongxin Xu; Di Zhou. A Study in the Flow of Financial Resources in the Yangtze River Delta from the Perspective of Financial Gradation Cities in Urban Agglomerations. Earth Sci. 2019, 8(3), 205-216. doi: 10.11648/j.earth.20190803.18

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AMA Style

Mingzhu Li, Rongxin Xu, Di Zhou. A Study in the Flow of Financial Resources in the Yangtze River Delta from the Perspective of Financial Gradation Cities in Urban Agglomerations. Earth Sci. 2019;8(3):205-216. doi: 10.11648/j.earth.20190803.18

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@article{10.11648/j.earth.20190803.18,
  author = {Mingzhu Li and Rongxin Xu and Di Zhou},
  title = {A Study in the Flow of Financial Resources in the Yangtze River Delta from the Perspective of Financial Gradation Cities in Urban Agglomerations},
  journal = {Earth Sciences},
  volume = {8},
  number = {3},
  pages = {205-216},
  doi = {10.11648/j.earth.20190803.18},
  url = {https://doi.org/10.11648/j.earth.20190803.18},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.earth.20190803.18},
  abstract = {The barrier-free flow of financial resources among nodes (regions) is not only conducive to more efficient use of financial resources, but also plays an important role in alleviating the contradiction between supply and demand of regional financial resources and promoting regional economic development. Based on the theory of spatial interaction among financial gradation cities, the paper takes the expansion of commercial banks in the Yangtze River Delta as an example, and constructs the flow network of financial resources between cities. Using the social network analysis (SNA) and Dagum Gini coefficient decomposition method, the paper analyzes a series of problems such as the development of the financial resources, flow path selection and flow coordination during the period 2008- 2014. The conclusions can be drawn as follows: (i) the flow density between prefecture-level cities is the largest, which grows rapidly as time goes by, followed by county-level cities to prefecture-level cities and the flow density between other sorts of cities is relatively small. (ii) The flows of financial resources between prefecture-level cities presents typical features of homogeneous diffusion, while the flows from prefecture-level cities to counties and other sorts of cities has the feature of conditional diffusion. Flow barriers between provincial level border holds the biggest effect, followed by the differences of economic and financial development level between the prefecture- level cities and county- level cities. Among the effects of condition, Provincial-level borders have the greatest impact, followed by urban economic gaps and financial development gaps. (iii) The degree of variance in financial resource inflows within county-level cities is the largest, and the inflow of financial resources in country-level cities has a tendency of Matthew effect. It shows that in the Yangtze River Delta, the trend of integration only exists between prefecture-level central cities. Moreover, the radiation effect of central cities on its financial hinterlands is not strong which should be further strengthened. Therefore, on the one hand, the integration policy at macro-level such as "regional financial coordination policy" and "regional trust system construction" in the urban agglomeration of this region should cover the country-level cities. On the other hand, country-level cities themselves (especially the backward countries) should also make great efforts to improving the current economic and financial environment by narrowing the gap between the cities to reach the goal of Planting Phoenix trees well to attract Phoenix.},
 year = {2019}
}

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TY  - JOUR
T1  - A Study in the Flow of Financial Resources in the Yangtze River Delta from the Perspective of Financial Gradation Cities in Urban Agglomerations
AU  - Mingzhu Li
AU  - Rongxin Xu
AU  - Di Zhou
Y1  - 2019/07/17
PY  - 2019
N1  - https://doi.org/10.11648/j.earth.20190803.18
DO  - 10.11648/j.earth.20190803.18
T2  - Earth Sciences
JF  - Earth Sciences
JO  - Earth Sciences
SP  - 205
EP  - 216
PB  - Science Publishing Group
SN  - 2328-5982
UR  - https://doi.org/10.11648/j.earth.20190803.18
AB  - The barrier-free flow of financial resources among nodes (regions) is not only conducive to more efficient use of financial resources, but also plays an important role in alleviating the contradiction between supply and demand of regional financial resources and promoting regional economic development. Based on the theory of spatial interaction among financial gradation cities, the paper takes the expansion of commercial banks in the Yangtze River Delta as an example, and constructs the flow network of financial resources between cities. Using the social network analysis (SNA) and Dagum Gini coefficient decomposition method, the paper analyzes a series of problems such as the development of the financial resources, flow path selection and flow coordination during the period 2008- 2014. The conclusions can be drawn as follows: (i) the flow density between prefecture-level cities is the largest, which grows rapidly as time goes by, followed by county-level cities to prefecture-level cities and the flow density between other sorts of cities is relatively small. (ii) The flows of financial resources between prefecture-level cities presents typical features of homogeneous diffusion, while the flows from prefecture-level cities to counties and other sorts of cities has the feature of conditional diffusion. Flow barriers between provincial level border holds the biggest effect, followed by the differences of economic and financial development level between the prefecture- level cities and county- level cities. Among the effects of condition, Provincial-level borders have the greatest impact, followed by urban economic gaps and financial development gaps. (iii) The degree of variance in financial resource inflows within county-level cities is the largest, and the inflow of financial resources in country-level cities has a tendency of Matthew effect. It shows that in the Yangtze River Delta, the trend of integration only exists between prefecture-level central cities. Moreover, the radiation effect of central cities on its financial hinterlands is not strong which should be further strengthened. Therefore, on the one hand, the integration policy at macro-level such as "regional financial coordination policy" and "regional trust system construction" in the urban agglomeration of this region should cover the country-level cities. On the other hand, country-level cities themselves (especially the backward countries) should also make great efforts to improving the current economic and financial environment by narrowing the gap between the cities to reach the goal of Planting Phoenix trees well to attract Phoenix.
VL  - 8
IS  - 3
ER  -

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Author Information

Mingzhu Li

School of Public Administration, Guangdong University of Foreign Studies, Guangzhou, China
Rongxin Xu

School of Economics and Trade, Guangdong University of Foreign Studies, Guangzhou, China
Di Zhou

School of Mathematics and Statistics, Guangdong University of Foreign Studies, Guangzhou, China

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APA Style

Mingzhu Li, Rongxin Xu, Di Zhou. (2019). A Study in the Flow of Financial Resources in the Yangtze River Delta from the Perspective of Financial Gradation Cities in Urban Agglomerations. Earth Sciences, 8(3), 205-216. https://doi.org/10.11648/j.earth.20190803.18

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ACS Style

Mingzhu Li; Rongxin Xu; Di Zhou. A Study in the Flow of Financial Resources in the Yangtze River Delta from the Perspective of Financial Gradation Cities in Urban Agglomerations. Earth Sci. 2019, 8(3), 205-216. doi: 10.11648/j.earth.20190803.18

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AMA Style

Mingzhu Li, Rongxin Xu, Di Zhou. A Study in the Flow of Financial Resources in the Yangtze River Delta from the Perspective of Financial Gradation Cities in Urban Agglomerations. Earth Sci. 2019;8(3):205-216. doi: 10.11648/j.earth.20190803.18

Copy | Download

@article{10.11648/j.earth.20190803.18,
  author = {Mingzhu Li and Rongxin Xu and Di Zhou},
  title = {A Study in the Flow of Financial Resources in the Yangtze River Delta from the Perspective of Financial Gradation Cities in Urban Agglomerations},
  journal = {Earth Sciences},
  volume = {8},
  number = {3},
  pages = {205-216},
  doi = {10.11648/j.earth.20190803.18},
  url = {https://doi.org/10.11648/j.earth.20190803.18},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.earth.20190803.18},
  abstract = {The barrier-free flow of financial resources among nodes (regions) is not only conducive to more efficient use of financial resources, but also plays an important role in alleviating the contradiction between supply and demand of regional financial resources and promoting regional economic development. Based on the theory of spatial interaction among financial gradation cities, the paper takes the expansion of commercial banks in the Yangtze River Delta as an example, and constructs the flow network of financial resources between cities. Using the social network analysis (SNA) and Dagum Gini coefficient decomposition method, the paper analyzes a series of problems such as the development of the financial resources, flow path selection and flow coordination during the period 2008- 2014. The conclusions can be drawn as follows: (i) the flow density between prefecture-level cities is the largest, which grows rapidly as time goes by, followed by county-level cities to prefecture-level cities and the flow density between other sorts of cities is relatively small. (ii) The flows of financial resources between prefecture-level cities presents typical features of homogeneous diffusion, while the flows from prefecture-level cities to counties and other sorts of cities has the feature of conditional diffusion. Flow barriers between provincial level border holds the biggest effect, followed by the differences of economic and financial development level between the prefecture- level cities and county- level cities. Among the effects of condition, Provincial-level borders have the greatest impact, followed by urban economic gaps and financial development gaps. (iii) The degree of variance in financial resource inflows within county-level cities is the largest, and the inflow of financial resources in country-level cities has a tendency of Matthew effect. It shows that in the Yangtze River Delta, the trend of integration only exists between prefecture-level central cities. Moreover, the radiation effect of central cities on its financial hinterlands is not strong which should be further strengthened. Therefore, on the one hand, the integration policy at macro-level such as "regional financial coordination policy" and "regional trust system construction" in the urban agglomeration of this region should cover the country-level cities. On the other hand, country-level cities themselves (especially the backward countries) should also make great efforts to improving the current economic and financial environment by narrowing the gap between the cities to reach the goal of Planting Phoenix trees well to attract Phoenix.},
 year = {2019}
}

Copy | Download

TY  - JOUR
T1  - A Study in the Flow of Financial Resources in the Yangtze River Delta from the Perspective of Financial Gradation Cities in Urban Agglomerations
AU  - Mingzhu Li
AU  - Rongxin Xu
AU  - Di Zhou
Y1  - 2019/07/17
PY  - 2019
N1  - https://doi.org/10.11648/j.earth.20190803.18
DO  - 10.11648/j.earth.20190803.18
T2  - Earth Sciences
JF  - Earth Sciences
JO  - Earth Sciences
SP  - 205
EP  - 216
PB  - Science Publishing Group
SN  - 2328-5982
UR  - https://doi.org/10.11648/j.earth.20190803.18
AB  - The barrier-free flow of financial resources among nodes (regions) is not only conducive to more efficient use of financial resources, but also plays an important role in alleviating the contradiction between supply and demand of regional financial resources and promoting regional economic development. Based on the theory of spatial interaction among financial gradation cities, the paper takes the expansion of commercial banks in the Yangtze River Delta as an example, and constructs the flow network of financial resources between cities. Using the social network analysis (SNA) and Dagum Gini coefficient decomposition method, the paper analyzes a series of problems such as the development of the financial resources, flow path selection and flow coordination during the period 2008- 2014. The conclusions can be drawn as follows: (i) the flow density between prefecture-level cities is the largest, which grows rapidly as time goes by, followed by county-level cities to prefecture-level cities and the flow density between other sorts of cities is relatively small. (ii) The flows of financial resources between prefecture-level cities presents typical features of homogeneous diffusion, while the flows from prefecture-level cities to counties and other sorts of cities has the feature of conditional diffusion. Flow barriers between provincial level border holds the biggest effect, followed by the differences of economic and financial development level between the prefecture- level cities and county- level cities. Among the effects of condition, Provincial-level borders have the greatest impact, followed by urban economic gaps and financial development gaps. (iii) The degree of variance in financial resource inflows within county-level cities is the largest, and the inflow of financial resources in country-level cities has a tendency of Matthew effect. It shows that in the Yangtze River Delta, the trend of integration only exists between prefecture-level central cities. Moreover, the radiation effect of central cities on its financial hinterlands is not strong which should be further strengthened. Therefore, on the one hand, the integration policy at macro-level such as "regional financial coordination policy" and "regional trust system construction" in the urban agglomeration of this region should cover the country-level cities. On the other hand, country-level cities themselves (especially the backward countries) should also make great efforts to improving the current economic and financial environment by narrowing the gap between the cities to reach the goal of Planting Phoenix trees well to attract Phoenix.
VL  - 8
IS  - 3
ER  -

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