中文摘要：

通过利用我国1978-2013年29个省、市、自治区的面板数据,实证分析了不同时期不同区域经济发展对金融集聚的影响。分时期的样本回归结果表明：1978-1995、1996-2000、2001-2013年改革开放以来我国的三个不同的发展时期经济发展对金融集聚的影响系数分别为负、正、负,说明随着我国经济发展水平的不断提高,金融集聚程度呈现出了先下降后上升再下降的态势。分区域的样本回归结果表明：东部地区经济增长显著促进了金融活动的空间集聚,中西部地区经济增长则阻碍了金融活动的空间集聚,不过西部地区这种阻碍作用从统计学意义上不显著。在经济发达地区,金融集聚和经济增长易形成良性循环。

英文摘要：

The effect of regional economic development to financial aggregation in various regions and periods is analyzed based on the panel data of 29 provinces, municipalities and autonomous regions from 1978 to 2013. The results of samples in different periods show that the influence coefficients of three developmental stages after the reform and opening up in China in terms of 1978-1995, 1996-2000 and 2001-2013 are negative, positive and negative respectively, which tells that along with the economic growth in China, financial aggregation degree went down at first, then up and finally down. The results of samples in different regions prove that the economic growth of the eastern part of China boosts financial activities prominently; however, that of the western and middle part of China hinders financial concentration, nevertheless, with little statistical significance. In developed areas, it is easy to form a virtuous cycle between financial aggregation and economic increase.