Lei Zhang;Fang Liao;Chuanchuan Zhang;

• 1:Business School
• 2: Xiangtan University
• 3:School of Economics
• 4: Zhejiang University

Abstract：

Financial services for the real economy require a higher level of interactive coordination between the allocation of financial resources and the high-quality development of manufacturing. Based on the scientific design of the index system of financial resource allocation and high-quality development of manufacturing industry, this paper builds a coupled coordination model based on TOPSIS and grey relational method to estimate the coupling coordination degree between China's financial resource allocation and high-quality development of manufacturing industry. The spatial and temporal evolution characteristics of the structure were analyzed by Gaussian kernel function, Dagum Gini coefficient and Moran's I. The results show that:(1) From 2011 to 2020, the coupling coordination degree of financial resources allocation and high-quality development of manufacturing industry tends to increase, but it still presents the characteristics of ‘insufficient and unbalanced' development at present;(2) The subsystems of the efficiency and agglomeration degree of financial resource allocation have a high degree of coupling with the high-quality development of the manufacturing industry, but the financial resource allocation still has a large room for improvement in terms of scale adaptation and structure optimization;(3) The spatial difference of the coupling coordination degree between the allocation of financial resources and the high-quality development of manufacturing industry mainly comes from the inter-regional difference rather than the intra-regional difference. The coupling coordination degree presents a positive spatial correlation globally, and the coupling coordination degree of most provinces presents a ‘low-low' and ‘high-high' clustering mode in local space. From the perspective of building a national unified large market, the research conclusions of this paper provide a reference for promoting the financial sector to better serve the development of manufacturing industry by optimizing the allocation of financial resources.

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Foundation: 国家社会科学基金一般项目“中国消费现代化的理论逻辑、动态趋势及政策路径研究”（项目批准号：24BJL004）的资助

Authors: Lei Zhang;Fang Liao;Chuanchuan Zhang;

References：

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• (1)数据来源于世界银行。其中,世界制造业增加值数据参见https://data.worldbank.org.cn/indicator/NV.IND.MANF.CD?locations=1W&most_recent_year_desc=false,中国制造业增加值参见https://data.worldbank.org.cn/indicator/NV.IND.MANF.CD?view=chart&locations=CN。 (2)耦合协调分析是基于子系统之间存在相互作用、相互影响的耦合关系而展开的整体协调发展程度测度,主要关注金融资源配置与制造业高质量发展两大子系统之间的耦合协调关系,并非某一子系统影响另一子系统的因果关系,且两大子系统之外的其他因素并不考虑在内。感谢匿名审稿人指出这一点。 (3)因篇幅限制,两大系统指数测算过程未予展示,备索。 (4)受篇幅限制,具体计算公式未予展示,备索。 (5)受篇幅限制,莫兰散点图未予展示,备索。