The Spatial Spillover Effect of Regional Financial Resource Allocation Efficiency on the Quality of Economic Development

In the general environment of slowing economic growth and the transformation of industrial structure, the efficiency of financial resource allocation plays an important role in formulating effective policies and promoting high-quality economic development. Based on the panel data of 11 provinces and cities in the Yangtze River Economic Belt from 2005 to 2018, the DEA is used to measure the efficiency of regional financial resource allocation, the entropy method is used to calculate the economic development quality index, and the spatial Dubin model is established to study and analyze the effect of regional financial resource allocation efficiency on the quality of economic growth. The impact mechanism and spillover effects on surrounding cities. The results found that: the quality of regional economic growth has spatial autocorrelation; the improvement of financial resource allocation efficiency has a significant positive effect on the quality of regional economic development; the optimization of regional financial resource allocation can bring significant positive spillover effects to neighboring regions.