Empirical Study on the Impact of Financial Agglomeration over New Urbanization: Taking the Eastern Area as an Example

To study the impact of financial agglomeration over new urbanization construction can not only clarifies its influential path and strength, but also help the authorities to make relevant policies for promoting urbanization construction from the perspective of finance.Analyzing the transmission mechanism on how the financial agglomeration affects the new-type urbanization construction, the paper then constructs new index systems of the related financial agglomeration and new-type urbanization.Based on the data of the eastern provinces data from 2001 to 2012, it uses the PVAR model for regression to test the mode and intensity that financial agglomeration effects on the new urbanization, and makes the conclusion that financial agglomeration effectively promotes the development of industrial urbanization and spatial urbanization but little impact on promoting human urbanization.Finally, based on the empirical results, the policy recommendations about financial development are put forward to support the new-type urbanization construction.