Industrial Agglomeration Analysis Based on Spatial Durbin Model: Evidence from Beijing-Tianjin-Hebei Economic Circle in China

Based on the data of Beijing-Tianjin-Hebei Economic Circle from 2010 to 2019, this paper uses the spatial Durbin model to empirically analyze the impact of financial development and technological innovation on industrial agglomeration. The following are the conclusions of this study: (1) financial d...

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Bibliographic Details
Published in:Complexity (New York, N.Y.) N.Y.), 2021, Vol.2021 (1)
Main Authors: Gao, Lu-Hui, Wang, Guo-Qing, Zhang, Jing
Format: Article
Language:English
Subjects:
Agglomeration
Air pollution
Economic analysis
Economic development
Economic growth
Economic models
Impact analysis
Industrial concentration
Industrial development
Innovations
Outdoor air quality
Productivity
Regional development
Variables
Weight
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Summary:Based on the data of Beijing-Tianjin-Hebei Economic Circle from 2010 to 2019, this paper uses the spatial Durbin model to empirically analyze the impact of financial development and technological innovation on industrial agglomeration. The following are the conclusions of this study: (1) financial development has a positive effect on industrial agglomeration; however, a significant difference exists in the weight effect of the geographic distance matrix compared to the weight of the economic distance matrix; (2) in the spatial Durbin model with two matrix weights, technological innovation has a significant positive effect on industrial agglomeration; and (3) in the spatial Durbin model with two matrix weights, the interaction has a significant negative effect on industrial agglomeration. Therefore, the government should further implement the coordinated development strategy, promoting regional technological innovation for a long time to realize its integration with financial development.
ISSN:1076-2787
1099-0526
DOI:10.1155/2021/3788784