Abstract
Based on the panel data of 31 China’s provinces and cities, depending on discussing the significance of the coordination development of the financial industry and the logistics industry, the entropy method and the coupling coordination degree model were used to empirically analyze the dynamic coupling development of China's financial industry and logistics industry. Empirical analysis shows that during the sample period, the coordination development level of China's logistics industry and the financial industry had achieved a transition from overall disorder to overall coordination, but there was still a large potential for improvement. The level of coupling and coordination development was east-central-west declining trend in three steps. Guangdong was the province with the highest level of coupling and coordination development. Tibet, Qinghai, Ningxia, Hainan, and Tianjin were the provinces and cities with the lowest level of coupling and coordination development.
Highlights
When the wheel of history has entered the second decade of the 21st century, China's financial institutions have entered a period of the new normal development
To measure the level of coupling and coordination development, Zhang Jianjun and Zhao Qilan (2018) adopted a dynamic coupling coordination degree model method based on entropy weights and found that the coordination between China's logistics industry and the financial industry has undergone a process of change from incoordination to barely coordination to coordination
4.1 Making new policies for eastern region Through empirical analysis, it can be clarified that the policies formulated after 2008 have played a positive role in improving the coordination development of China's financial industry and logistics industry
Summary
When the wheel of history has entered the second decade of the 21st century, China's financial institutions have entered a period of the new normal development. The competition among commercial banks has become fierce, and the scope of traditional financing business has become a red sea. It has become the consensus and development direction of more and more commercial banks to improve their own innovation capabilities and explore financial innovation products with high risk premiums. China's logistics industry has entered a new stage of medium to high speed growth of about 10% after experiencing a high growth stage of 20% during 1990-2000 and 15% during 20012010. The logistics industry has fully entered the red sea era. The logistics industry is in urgent need of finding a new profit growth point. Promoting the coupling and coordination development of the financial industry and the logistics industry can solve the problems they are facing, and bring about a win-win result
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
