Relationship between Financial Industry Agglomeration and Economic Growth Based on Blockchain

Abstract

Financial industry agglomeration has become a new phenomenon in modern economic society, and provides strong support for regional economic development. This paper makes a brief review of the current situation of financial industry agglomeration at home and abroad, and analyzes the general mechanism of financial industry agglomeration promoting regional economic development. In view of the fact that financial center is the result of financial industry agglomeration, this paper takes the construction of financial center cities in China as an example to conduct an empirical study on financial industry agglomeration. At the same time, this paper puts forward some policy suggestions to promote financial industry agglomeration and regional economic development. Empirical research shows that there is a long-term stable equilibrium relationship between financial industry agglomeration and economic growth, and financial industry agglomeration can promote regional economic growth to a certain extent.