Empirical Analysis for the Impact of Financial Deepening and Development on Marine Economy Growth

Abstract

The financing efficiency and technological progress in various fields of sea-related industries has been promoted effectively by financial development and deepening, and the technological progress has further promoted the optimization and upgrading of marine industry, thereby forming a positive influence mechanism and jointly promoting the marine economy to a higher level of development. This paper is an empirical study on financial development and deepening the promotion of marine economic development. Through the model regression of panel data in 11 coastal provinces and cities, this paper has analyzed the actual influential path of financial support in the development of marine economy. The perspective is to explore new method for promoting the growth of marine economic technology efficiency and provide effective policy recommendations for the development and promotion of marine economy in mainland China.