Financial Agglomeration and Innovation: A Literature Review

Yinghong Zhou

《World Scientific Research Journal》 8卷4期 (2022/04) Pp. 96-102

https://doi.org/10.6911/WSRJ.202204_8(4).0013

摘要

During the development of today's economy, the digital growth of economy can obviously be promoted by Financial agglomeration, but the quality growth of economy depends on the technological progress, and innovation driven development is the critical factor to make the economic growth sustainable. Then, what is the relationship between financial agglomeration and innovation, the source of economic growth, and whether financial agglomeration can promote innovation and maintain the sustainability of economic growth. This paper systematically combs the relevant articles and finds that the innovation effect of financial agglomeration has not reached a consistent conclusion, and there are obvious industry heterogeneity and regional heterogeneity.

關鍵字

Financial agglomeration ； Innovation ； Literature review

參考文獻

Po-Hsuan Hsu,Xuan Tian,Yan Xu.Financial development and innovation: cross-country evidence[J]. Journal of Financial Economics,2014,112(1).

James R. Brown,Steven M. Fazzari,Bruce C. Petersen. Financing innovation and growth: cash flow, external equity, and the 1990s R&D boom[J]. The Journal of Finance,2009,64(1).

Xie, C.Q., 2017. The impact of financial agglomeration on regional economic growth [J]. Advances in Social Science, 91: 77-84.

Jun Liu, Jieyu Huang, Lijun Cao. Research on the mechanism of financial agglomeration affecting the real economy [J] Management World, 2007 (04): 152-153.

Congwen Li. Financial innovation, technological innovation: based on the new economic perspective [J] Modern Finance and Economics (Journal of Tianjin University of Finance and Economics).