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The Relationship Between Distribution Industry Innovation and Urban Economic Growth in Smart Cities

In: Economic Management and Big Data Application Proceedings of the 3rd International Conference

Author

Listed:
  • XianMin Sun
  • Guo Wei Zhang

Abstract

The growth of smart cities has been driven by digital economy technology, and each city’s economic development has been significantly impacted by the trade and distribution sector. Based on the externality theory, this study develops the MAR externality innovation index, Jacobs externality innovation index, and Porter externality innovation index, and then uses panel data from smart cities from 2013 to 2020 to examine the effects of the three types of indices on the economic standing of cities. First, it is found that Jacobs’ externality innovation in the distribution and commerce industries is better adapted to our current cities. Second, smart cities may innovate just as well as conventional ones in the distribution and business sectors. Third, compared to conventional cities, smart cities’ economic growth is far more influenced by expenditures in research and technology. This study indicates that to support the integration and growth of the distribution of commerce industries, we should build industrial clusters, stimulate the development of industrial clusters and integration, and strengthen the scientific and technological support of cities.

Suggested Citation

  • XianMin Sun & Guo Wei Zhang, 2024. "The Relationship Between Distribution Industry Innovation and Urban Economic Growth in Smart Cities," World Scientific Book Chapters, in: Sikandar Ali Qalati (ed.), Economic Management and Big Data Application Proceedings of the 3rd International Conference, chapter 87, pages 982-991, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811270277_0087
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    More about this item

    Keywords

    Big Data; Information Management; Economic; Data Applications; Blockchain; E-commerce;
    All these keywords.

    JEL classification:

    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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