Abstract

The influence of macro-control of regional economic development on resource allocation in capital market is studied in order to optimize capital market resource allocation and promote regional economic development. The efficiency of capital market resource allocation is taken as the dependent variable, and macroeconomic regulation indicators such as monetary policy, fiscal policy, and tax policy are selected as independent variables. A multiple regression analysis model is constructed to analyze the impact of macroeconomic regulation on capital market resource allocation. The economic data of 28 provinces in eastern, central, and western China, as well as the data on capital market resource allocation, are selected for empirical analysis. The results of the empirical analysis show that significant impacts on economic growth in the eastern region are exerted by monetary policy, fiscal policy, and tax policy. Economic growth in the central region is positively influenced by monetary policy. Guidance mechanisms, information transmission mechanisms, and competition and incentive mechanisms play a significant promoting role in the allocation of capital market resources in the western region. Based on the empirical analysis results, suggestions are made for optimizing capital market resource allocation to provide reference for promoting regional economic growth.

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