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Do regional financial resources affect the concentration of high-end service industries in Chinese cities?

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  • Wu, Dailong
  • Tong, Xin
  • Liu, Liping
  • Wang, Joe

Abstract

Using data from 285 prefecture-level cities in China from 2005–2016, this paper investigates the impact of regional financial resources on high-end service industry agglomeration through spatial error and threshold models. The results show that the high-end service industry agglomeration has a significant spatial correlation. Financial resources play a significant positive role in promoting the agglomeration of the high-end service industry, but the influence is non-linear. Constrained by level of economic development level, this effect has an inverted U-shape. Constrained by financing capacity, this effect is positive under different threshold intervals but shows a decreasing trend.

Suggested Citation

  • Wu, Dailong & Tong, Xin & Liu, Liping & Wang, Joe, 2021. "Do regional financial resources affect the concentration of high-end service industries in Chinese cities?," Finance Research Letters, Elsevier, vol. 42(C).
    • Handle: RePEc:eee:finlet:v:42:y:2021:i:c:s1544612321000167
    DOI: 10.1016/j.frl.2021.101935
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    References listed on IDEAS

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    Cited by:

    1. Tianshu Quan & Tianli Quan, 2023. "A Study of the Spatial Mechanism of Financial Agglomeration Affecting Green Low-Carbon Development: Evidence from China," Sustainability, MDPI, vol. 15(2), pages 1-21, January.

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