Notice of RetractionA Cointegration Analysis on the Relationship between Financial Aggregation and Regional Economic Growth

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Currently, domestic and foreign financial institutions are concentrating on a particular city. It cause the financial industry highly concentrated. And financial concentration plays an important role on regional economic growth. Space gathering has become the trend of financial services development. And financial concentration is playing an important role on regional economic growth. By constructing the VAR Model, This paper did a coninertration analysis on the Yangtze River Delta date of deposit & loan amount, Securities transactions value, Premium income and GDP during 1991 to 2007. We find there is a long-term equilibrium relationship among financial Aggregation and Shanghai economic growth. And the financial aggregation in Shanghai is also affect the economic growth of Jiangsu province and Zhejiang province.