Research on the comprehensive measurement and financial support for the development of new-type urbanization in the west of China

Abstract

This paper studies the degree of financial support for new-type urbanization in the west of China. We firstly establish an evaluation system of comprehensive indicators for new-type urbanization. Then using statistical data including 12 provinces in the western regions from 2006 to 2014, we examine the levels of development for new-type urbanization based on the PCA (principal component analysis). The results show that the new-type urbanization in the western provinces suffers from uneven development. Moreover, we use a panel data model to analyze the degree of financial support for new-type urbanization in the western provinces. Empirical results show that financial development is conducive to promoting the development of new-type urbanization. In addition, the financial support is insufficient to the development of new-type urbanization. Finally, we put forward specific suggestions based on the conclusions for further development.