Analysis on the Spatial-Temporal Dynamics of Financial Agglomeration with Markov Chain Approach in China
Joint Authors
Liu, Youjin
Chen, Weimin
Zeng, Huifang
Source
Mathematical Problems in Engineering
Issue
Vol. 2014, Issue 2014 (31 Dec. 2014), pp.1-6, 6 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2014-04-10
Country of Publication
Egypt
No. of Pages
6
Main Subjects
Abstract EN
The standard approach to studying financial industrial agglomeration is to construct measures of the degree of agglomeration within financial industry.
But such measures often fail to exploit the convergence or divergence of financial agglomeration.
In this paper, we apply Markov chain approach to diagnose the convergence of financial agglomeration in China based on the location quotient coefficients across the provincial regions over 1993–2011.
The estimation of Markov transition probability matrix offers more detailed insights into the mechanics of financial agglomeration evolution process in China during the research period.
The results show that the spatial evolution of financial agglomeration changes faster in the period of 2003–2011 than that in the period of 1993–2002.
Furthermore, there exists a very uneven financial development patterns, but there is regional convergence for financial agglomeration in China.
American Psychological Association (APA)
Chen, Weimin& Zeng, Huifang& Liu, Youjin. 2014. Analysis on the Spatial-Temporal Dynamics of Financial Agglomeration with Markov Chain Approach in China. Mathematical Problems in Engineering،Vol. 2014, no. 2014, pp.1-6.
https://search.emarefa.net/detail/BIM-480897
Modern Language Association (MLA)
Chen, Weimin…[et al.]. Analysis on the Spatial-Temporal Dynamics of Financial Agglomeration with Markov Chain Approach in China. Mathematical Problems in Engineering No. 2014 (2014), pp.1-6.
https://search.emarefa.net/detail/BIM-480897
American Medical Association (AMA)
Chen, Weimin& Zeng, Huifang& Liu, Youjin. Analysis on the Spatial-Temporal Dynamics of Financial Agglomeration with Markov Chain Approach in China. Mathematical Problems in Engineering. 2014. Vol. 2014, no. 2014, pp.1-6.
https://search.emarefa.net/detail/BIM-480897
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-480897