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Liu, H. and Ye, Y.M. (2007) The Financial Agglomeration Effect under Transaction Costs Perspective. Financial Theory and Practice, 12.

has been cited by the following article:

• TITLE: Research on the Formation Mechanism and Elements of the Financial Industrial Cluster

  AUTHORS: Lixia Yu, Huifang Liu, Jingping Qiu

  KEYWORDS: Financial Industrial Cluster, The Market-Led Model, The Government-Led Model, Demand-Following, Supply-Leading

  JOURNAL NAME: Journal of Service Science and Management, Vol.8 No.5, October 29, 2015

  ABSTRACT: Based on Patrick’s Demand-Following and Supply-Leading financial system theory, the paper summarizes and compares the two kinds of formation mechanism of the financial industrial cluster in detail: the market-led model and the government-led model. And further, it summarizes six basic elements of the financial industry cluster needs to have, so as to point out the direction of China’s major urban construction and development of the financial industry cluster, especially cities must take full advantage of government’s support for the financial industry development and make the supply-Leading under the government-led model as the main formation mechanism.