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

Author

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  • Lu-Hui Gao
  • Guo-Qing Wang
  • Jing Zhang
  • Muhammad Javaid

Abstract

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.

Suggested Citation

  • Lu-Hui Gao & Guo-Qing Wang & Jing Zhang & Muhammad Javaid, 2021. "Industrial Agglomeration Analysis Based on Spatial Durbin Model: Evidence from Beijing-Tianjin-Hebei Economic Circle in China," Complexity, Hindawi, vol. 2021, pages 1-10, July.
    • Handle: RePEc:hin:complx:3788784
    DOI: 10.1155/2021/3788784
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    Cited by:

    1. Wei Zhao & Chao Zhu & Yaoyao Zhu, 2022. "The Comparative Advantage of Cities and Innovation Value Chain: Evidence from China," Sustainability, MDPI, vol. 14(6), pages 1-14, March.
    2. Senhua Huang & Wenzhong Ye & Feng Han, 2023. "Does the Digital Economy Promote Industrial Collaboration and Agglomeration? Evidence from 286 Cities in China," Sustainability, MDPI, vol. 15(19), pages 1-24, October.
    3. Shuying Wang & Yifei Gao & Hongchang Zhou, 2022. "Research on Green Total Factor Productivity Enhancement Path from the Configurational Perspective—Based on the TOE Theoretical Framework," Sustainability, MDPI, vol. 14(21), pages 1-20, October.

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