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The Impact of High-Quality Energy Development and Technological Innovation on the Real Economy of the Yangtze River Economic Belt in China: A Spatial Economic and Threshold Effect Analysis

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  • Jiangyuan Fu

    (School of Law, Huazhong University of Science and Technology, Wuhan 430074, China)

  • Huidan Xue

    (School of Economics & Management, Beijing University of Technology, 100124 Beijing, China)

  • Fayuan Wang

    (School of Economics and Management, Yangtze University, Jingzhou 434023, China)

  • Liming Wang

    (School of Economics & Management, Beijing University of Technology, 100124 Beijing, China
    Irish Institute for Chinese Studies, University College Dublin, Belfield, D04 V1W8 Dublin, Ireland)

Abstract

The sustainable economic development of the Yangtze River Economic Belt is a significant part of China’s regional development strategy. The article selects panel data from 11 provinces of the region from 2004 to 2020 and constructs a spatial economic model and a threshold effect model to investigate the impact of energy development and technological innovation on the real economy of this region. The result indicates that technological innovation plays a significantly beneficial role in supporting the development of the local real economy, while its spatial spillover effect to neighboring provinces is not significant. Energy development has a significant negative impact on both the local real economy and that of the neighboring provinces. Such impact is shaped by the threshold effect of the level of technological innovation.

Suggested Citation

  • Jiangyuan Fu & Huidan Xue & Fayuan Wang & Liming Wang, 2023. "The Impact of High-Quality Energy Development and Technological Innovation on the Real Economy of the Yangtze River Economic Belt in China: A Spatial Economic and Threshold Effect Analysis," Sustainability, MDPI, vol. 15(2), pages 1-14, January.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:2:p:1453-:d:1033319
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