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Examining the Impact of Infrastructure Financialization on Uneven Regional Development: Evidence from China

Author

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  • Yun Li

    (School of Public Administration, Xi’an University of Architecture and Technology, Xi’an 710055, China)

  • Ming Xu

    (Institute of Industrial Economics, Chinese Academy of Social Sciences, Beijing 100006, China)

  • Juncheng Dai

    (Cultural Economics Research Institute, Central University of Finance and Economics, Beijing 100081, China)

  • Zhenshan Yang

    (Institute of Geographical Sciences and Natural Resources Research, Chinese Academy of Sciences, Beijing 100101, China)

  • Zhe Cheng

    (School of Public Administration, Xi’an University of Architecture and Technology, Xi’an 710055, China
    Bartlett Development Planning Unit, University College London, London WC1H 9EZ, UK)

Abstract

Infrastructure financialization is an important economic phenomenon in urbanization and urban financialization. The existing studies are mainly focused on qualitative and theoretical analysis around the world. To quantitatively evaluate the impact of infrastructure financialization on uneven regional development, this study firstly measures the characteristics of uneven regional development in China, then we use the Tobit model to analyze the impact of infrastructure financialization based on panel data from 2006 to 2019. The results find that infrastructure financialization plays a significant role in uneven regional development in China. Low infrastructure financialization constrains the economic growth and urbanization of underdeveloped regions. This study not only contributes to the knowledge body of global financialization theory, but also provides a scientific basis for the optimization of infrastructure development both in China and the Global South.

Suggested Citation

  • Yun Li & Ming Xu & Juncheng Dai & Zhenshan Yang & Zhe Cheng, 2023. "Examining the Impact of Infrastructure Financialization on Uneven Regional Development: Evidence from China," Land, MDPI, vol. 12(3), pages 1-12, March.
    • Handle: RePEc:gam:jlands:v:12:y:2023:i:3:p:641-:d:1091503
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