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.
Highlights
At present, China's economic growth has been significantly improved, but the problem of unbalanced regional economic growth is becoming more and more serious
Financial resources are the important sources of funds to promote economic development, which can serve the economic growth well[3]; on the other hand, regional economic growth creates a good environment for financial resources allocation, which can flow fully, which is conducive to optimizing the dynamic allocation of financial resources[4]
It is beneficial to study how to improve the ability of regional financial resources allocation, which is conducive to promoting economic prosperity in a certain region, and for the government to control or reduce the imbalance of regional economic growth
Summary
China's economic growth has been significantly improved, but the problem of unbalanced regional economic growth is becoming more and more serious This unbalanced development has brought obvious negative effects: first, it is very unfavorable to social stability, the other is that it will distort regional economic relations, limit the economic growth space of backward areas and affect the efficiency of economic operation, resulting in the slow economic development in underdeveloped areas[1]. It is China, and other parts of the world. With the changes of economy and society, the past research results may no longer be applicable to the current economic situation
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