IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v75y2025ics1544612325001722.html
   My bibliography  Save this article

The impact of higher education revitalisation on regional innovation capability

Author

Listed:
  • Yang, Heng
  • Ma, Guimin
  • Tan, Bo

Abstract

This paper investigates the impact of the Central and Western Higher Education Revitalization Plan on regional innovation capacity, with a particular focus on the differentiated performance of this impact across cities with varying characteristics. Through empirical analysis, this paper reveals how the enhancement of higher education quality indirectly strengthens regional innovation capacity by promoting knowledge innovation, talent cultivation, and industry-university-research collaboration. Furthermore, this paper delves into how factors such as city size and resource endowment influence the effectiveness of this policy. The research findings indicate that the Central and Western Higher Education Revitalization Plan has a significant role in boosting regional innovation capacity, and this effect is even more pronounced in small-to-medium-sized cities and resource-based cities.

Suggested Citation

  • Yang, Heng & Ma, Guimin & Tan, Bo, 2025. "The impact of higher education revitalisation on regional innovation capability," Finance Research Letters, Elsevier, vol. 75(C).
    • Handle: RePEc:eee:finlet:v:75:y:2025:i:c:s1544612325001722
    DOI: 10.1016/j.frl.2025.106908
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612325001722
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.frl.2025.106908?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Zhang, Qiuyue & Que, Jiangjing & Qin, Xiuting, 2023. "Regional financial technology and shadow banking activities of non-financial firms: Evidence from China," Journal of Asian Economics, Elsevier, vol. 86(C).
    2. Yu, Mingzhe & Deng, Xin, 2021. "The Inheritance of Marketization Level and Regional Human Capital Accumulation: Evidence from China," Finance Research Letters, Elsevier, vol. 43(C).
    3. Zhou, Peng & Song, Frank M. & Huang, Xiaoqi, 2023. "Environmental regulations and firms' green innovations: Transforming pressure into incentives," International Review of Financial Analysis, Elsevier, vol. 86(C).
    4. Rao, Yanchao & Zhu, Xiuli & Sun, Yulan & Qian, Xiyue, 2024. "CEOs' knowledge integration， entrepreneurship, and corporate innovation: Evidence for China," International Review of Financial Analysis, Elsevier, vol. 91(C).
    5. Xiong, Jiacai & Huang, Ling & Wang, Xin & Bai, Martin & Qin, Yafeng, 2024. "Local government fiscal stress and regional entrepreneurship: Evidence from a natural experiment in China," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 177-193.
    6. Nie, Changfei & Ye, Susu & Feng, Yuan, 2024. "Place-based policy and urban green technology innovation: Evidence from the revitalization of old revolutionary base areas in China," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 1257-1272.
    7. Zhang, Yulai & Pi, Luxueting & Chen, Yican & Shi, Rui, 2024. "Energy transition policy and Chinese rural revitalization: The roles of industrial upgrading and digital economy," Finance Research Letters, Elsevier, vol. 69(PA).
    8. Yang, Sen & Xu, Jiawei & Lei, Tianyi & Wang, Mengdi, 2024. "How to improve the efficiency of green development? The role of digital finance," Finance Research Letters, Elsevier, vol. 63(C).
    9. Tang, Kai & Wang, Yu-ying & Wang, Hai-jie, 2024. "The impact of innovation capability on green development in China's urban agglomerations," Technological Forecasting and Social Change, Elsevier, vol. 200(C).
    10. Ren, Tiantian & Wang, Na & Xiao, Helu & Zhou, Zhongbao, 2024. "Efficiency of funding to rural revitalization and regional heterogeneity of technologies in China: Dynamic network nonconvex metafrontiers," Socio-Economic Planning Sciences, Elsevier, vol. 92(C).
    11. Zhang, Fan & Zhang, Jiewei & Gao, Ya & Wang, Zhuquan, 2024. "How does optimizing the business environment affect the capital flows between northern and southern China? From the perspective of enterprises' location choice for out-of-town investment," International Review of Financial Analysis, Elsevier, vol. 94(C).
    12. Yu, Weizhen & Wang, Lu & Liu, Xiufen & Xie, Wenwu & Zhang, Minhui, 2024. "Can digital inclusive finance promote high-quality rural entrepreneurship? A county-level analysis from China," Finance Research Letters, Elsevier, vol. 67(PA).
    13. Li, Houjian & Li, Qingman & Huang, Xinya & Guo, Lili, 2023. "Do green bonds and economic policy uncertainty matter for carbon price? New insights from a TVP-VAR framework," International Review of Financial Analysis, Elsevier, vol. 86(C).
    14. Li, Bo & Du, Jianguo & Yao, Tianhang & Wang, Quanding, 2023. "FinTech and corporate green innovation: An external attention perspective," Finance Research Letters, Elsevier, vol. 58(PD).
    15. Chunlai Chen & Yan Wu, 2019. "Interregional Impact Of Foreign Direct Investment On China’S Inland Urbanization," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 64(04), pages 997-1017, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Guo, Wanran & Zhong, Daojun, 2025. "Population aging and regional innovation levels: Based on the mediating effect of research and development inputs," International Review of Financial Analysis, Elsevier, vol. 97(C).
    2. Lee, Chien-Chiang & Qian, Anqi, 2024. "Regional differences, dynamic evolution, and obstacle factors of cultivated land ecological security in China," Socio-Economic Planning Sciences, Elsevier, vol. 94(C).
    3. Luo, Kang & Lee, Chien-Chiang & Zeng, Mingli & Hu, Weihui, 2024. "How does the development of digital economy in central cities promote the coordinated development of regions? Evidence from 19 urban agglomerations in China," Technology in Society, Elsevier, vol. 78(C).
    4. Liao, Zhaoguang & Xiao, Luan, 2025. "Government environmental regulation, media attention, and corporate green innovation," International Review of Economics & Finance, Elsevier, vol. 97(C).
    5. Xiao, Shengpeng & Lin, Changqing & Wu, Kedong, 2025. "Product relatedness and firm productivity," International Review of Financial Analysis, Elsevier, vol. 97(C).
    6. Cui, Xiao & Li, Pingrui, 2025. "Digital economy, environmental expenditure, and green total factor productivity," Finance Research Letters, Elsevier, vol. 73(C).
    7. Zhou, Yuanxiang & Liu, Huayan & Chen, Chan & Ma, Yingqi, 2025. "The impact of digital inclusive finance on green economic efficiency: Pathways to inclusive sustainability," Research in International Business and Finance, Elsevier, vol. 76(C).
    8. Wang, Wenwen, 2025. "Digital finance and firm green innovation: The role of media and executives," Finance Research Letters, Elsevier, vol. 74(C).
    9. Nguyen, Thithuha & Song, Ge & Zhao, Shengkun & Zuo, Congjiang, 2025. "Market competition and digital transformation in firms," Finance Research Letters, Elsevier, vol. 73(C).
    10. Zhang, Zuomin & Wu, Yingjue & Wang, Honglei, 2024. "Corporate financial fragility, R&D investment, and corporate green innovation: Evidence from China," Finance Research Letters, Elsevier, vol. 62(PB).
    11. Zhongju Liao & Yuhan Wu, 2025. "Formal institutions, informal institutions, and firms' environmental innovation: An application of the fuzzy set qualitative comparative analysis method," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(1), pages 668-680, February.
    12. Chen, Hong & Hu, Shangui & Cai, Yuqing, 2024. "Driving effect of fintech on firm green innovation in China's strategic emerging industries: The mediating role of digital transformation," International Review of Economics & Finance, Elsevier, vol. 96(PA).
    13. Xie, Qichang & Gong, Ruize & Yin, Lei & Xu, Xin, 2025. "Does extreme climate exacerbate the risk spillover in green finance markets? evidence from a multi-horizon investment perspective," Journal of International Money and Finance, Elsevier, vol. 151(C).
    14. Liu, Yaobin & Deng, Weifeng & Wen, Huwei & Li, Shuoshuo, 2024. "Promoting green technology innovation through policy synergy: Evidence from the dual pilot policy of low-carbon city and innovative city," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 957-977.
    15. Zhao, Shikuan & Abbassi, Wajih & Hunjra, Ahmed Imran & Zhang, Han, 2024. "How do government R&D subsidies affect corporate green innovation choices? Perspectives from strategic and substantive innovation," International Review of Economics & Finance, Elsevier, vol. 93(PA), pages 1378-1396.
    16. Emma Verónica Ramos Farroñán & Marco Agustín Arbulú Ballesteros & Francisco Segundo Mogollón García & Flor Delicia Heredia Llatas & Gary Christiam Farfán Chilicaus & María de los Ángeles Guzmán Valle , 2024. "Sustainability and Rural Empowerment: Developing Women’s Entrepreneurial Skills Through Innovation," Sustainability, MDPI, vol. 16(23), pages 1-17, November.
    17. Mingyue Xie & Suning Zhao & Kun Lv, 2024. "The Impact of Green Finance and Financial Technology on Regional Green Energy Technological Innovation Based on the Dual Machine Learning and Spatial Econometric Models," Energies, MDPI, vol. 17(11), pages 1-27, May.
    18. Yan, Ming & Li, Xiangqian & Zhao, Xing & He, Zhuoyi, 2025. "Liquidity and cost advantage of green bonds," Finance Research Letters, Elsevier, vol. 71(C).
    19. Zhang, Jianping & Xu, Runda & Chen, Jie, 2024. "Does industrial land marketization reform faciliate urban land use efficiency?," International Review of Economics & Finance, Elsevier, vol. 96(PA).
    20. Li, Tianyuan & Chen, Ping, 2024. "Asset allocation combining macro and micro information–Empirical test based on entropy pool model," Finance Research Letters, Elsevier, vol. 64(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finlet:v:75:y:2025:i:c:s1544612325001722. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.