A spatial effect study on financial agglomeration promoting the green development of urban agglomerations

The realization path of urban agglomerations' green development (UGD) varies by the characteristic differences of financial agglomeration (FA). We decomposed FA from new perspectives of traditional financial agglomeration (FAGG) and technological financial agglomeration (TAGG) and established the indicator system for UGD covering the three subsystems of economy, ecological environment and green life. Dynamic assessments of spatial and temporal differentiation are conducted to reveal the unbalanced development in urban agglomerations (UAs). The results show that, first, UGD presents significant gradient patterns, which can be divided into four gradients: preliminary promotion areas, key promotion areas, rapidly advanced areas and highly advanced areas. Second, the FAGG of UAs presents different modes, including a high concentration in central cities, decentralized clusters and multicenter clusters. However, the TAGG of UAs presents a stable pattern with a high concentration of central cities. Third, only cluster modes that are compatible with the spatial development pattern of UAs can promote UGD. For example, the Yangtze River Delta UA failed to rely on FAGG under the multicenter cluster to promote UGD, while the middle reaches of the Yangtze River UA could promote UGD with a decentralized cluster. Based on these findings, we provided specific recommendations for promoting UGD.

Automated summary

The study found that the realization path of urban agglomerations' green development varies by the characteristic differences of financial agglomeration, with dynamic assessments conducted in the three subsystems of economy, ecological environment, and green life revealing the unbalanced development in urban agglomerations. Specific recommendations for promoting UGD were provided based on these findings.