Empirical Research on the Roles of Financial Services Clustering to Regional Economic Growth

A sound relation is considered existing between financial services clustering and regional economic growth, which are promoted mutually and correlated. There are no deep empirical researches found and conducted upon the relations between the two in China, besides, a good many specific problems need to be faced. This article conducts a case study on ten cities with characteristics of financial services clustering in the country, through the tests of mixed OLS, random effect model and fixed effect model, the result of the fixed effect model is thought acceptable: the financial services clustering is a great push to the regional economic growth.