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Vol.3 , No. 2, Publication Date: Aug. 12, 2016, Page: 26-39
 and the optimization of the industrial structure (OIS). The social average profit rate makes the financial sector capital to eventually achieve the equilibrium allocation for each industry, and the rationalization will be realized on the basis of the optimization of the industrial structure. The evaluation index system of Chinese finance agglomeration degree (DFA) has been structured with the purpose of the DFA panel data and the model evaluation is conducted using data from China. The regional difference of the transformation of the Chinese economic development mode promoted by technological inputs with the regional DFA average level based on three HLM models have been explained. The conclusion exhibits that Chinese corporate inputs and the financial institutions loans included in the technological inputs failed to become the positive factor in the rationalization of industrial structure but did promote the optimization of the industrial structure. The human capital input and the government inputs only restrain the optimization of the industrial structure in 1995-2008. There are huge regional differences about the transformation of the economic development mode. The financial agglomeration is the significant cause leading to the differences and the differences will further increase about the transformation of the economic development mode. The financial agglomeration is the significant cause leading to the differences and the differences will further increase.&picture=http://www.aascit.org/aascit/decorators/img/journal/918.jpg)
| [1] | Lihui Li, School of Mathematics and Statistics, Southwest University, Chongqing, China; School of Economics and Management, Southwest University, Chongqing, China. |
| [2] | Tao Wen, School of Economics and Management, Southwest University, Chongqing, China. |
| [3] | Xiaohua Wang, School of Economics and Management, Southwest University, Chongqing, China. |
| [4] | Da Liu, School of Economics and Management, Southwest University, Chongqing, China. |
In this paper, a link between the science and technology input and the transformation of the mode of Chinese economic development has been established both theoretically and empirically. The theoretical research shows that the transformation of economic development mode is the evolution process of rationalization and optimization of the industrial structure. So the transformation of Chinese economic development mode is defined with the rationalization of industrial structure (RIS) and the optimization of the industrial structure (OIS). The social average profit rate makes the financial sector capital to eventually achieve the equilibrium allocation for each industry, and the rationalization will be realized on the basis of the optimization of the industrial structure. The evaluation index system of Chinese finance agglomeration degree (DFA) has been structured with the purpose of the DFA panel data and the model evaluation is conducted using data from China. The regional difference of the transformation of the Chinese economic development mode promoted by technological inputs with the regional DFA average level based on three HLM models have been explained. The conclusion exhibits that Chinese corporate inputs and the financial institutions loans included in the technological inputs failed to become the positive factor in the rationalization of industrial structure but did promote the optimization of the industrial structure. The human capital input and the government inputs only restrain the optimization of the industrial structure in 1995-2008. There are huge regional differences about the transformation of the economic development mode. The financial agglomeration is the significant cause leading to the differences and the differences will further increase about the transformation of the economic development mode. The financial agglomeration is the significant cause leading to the differences and the differences will further increase.
Keywords
Economic Development Mode, Science and Technology Input, HLM Model, Financial Agglomeration
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