The Interactive Integration of Financial Resource Allocation and High-quality Development of Manufacturing Industry: Measurement and Analysis

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.