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Impact of industrial agglomeration on new-type urbanization: Evidence from Pearl River Delta urban agglomeration of China

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  • Wu, Xiaoxia
  • Huang, Yan
  • Gao, Jian

Abstract

This paper examines whether industrial agglomeration can promote new-type urbanization in Pearl River Delta urban agglomeration of China. By building dynamic spatial Dubin model, our econometric results show that industrial agglomeration can significantly promote new-type urbanization in local area, and the spatial spillover effects of producer service industry and financial industry are significant. Compared with geographical proximity, the spatial spillover effects are more significant among cities with similar economic development degree. More specifically, the impact of producer service industry agglomeration on new-type urbanization is greater than that of foreign-funded industry and manufacturing industry. The impact of financial industry agglomeration on local new-type urbanization can only appear in a long period of time. Moreover, in case of coordinated industrial agglomeration in local and adjacent areas, the long-term effects of industry agglomeration on new-type urbanization are greater than the short-term effects. Overall, this paper offers a more comprehensive understanding the relationship between industrial agglomeration and new-type urbanization in China.

Suggested Citation

  • Wu, Xiaoxia & Huang, Yan & Gao, Jian, 2022. "Impact of industrial agglomeration on new-type urbanization: Evidence from Pearl River Delta urban agglomeration of China," International Review of Economics & Finance, Elsevier, vol. 77(C), pages 312-325.
    • Handle: RePEc:eee:reveco:v:77:y:2022:i:c:p:312-325
    DOI: 10.1016/j.iref.2021.10.002
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    Cited by:

    1. Lee, Chien-Chiang & Zeng, Mingli & Luo, Kang, 2024. "The impact of urbanization on food security in China," International Review of Economics & Finance, Elsevier, vol. 93(PB), pages 1159-1175.
    2. Feng, Yidai & Liu, Yaobin & Yuan, Huaxi, 2022. "The spatial threshold effect and its regional boundary of new-type urbanization on energy efficiency," Energy Policy, Elsevier, vol. 164(C).
    3. Yueqi Yu & Zhouzhou Lin & Dongxia Liu & Yuning Hou, 2024. "Exploring the spatially heterogeneous impacts of industrial agglomeration on regional sustainable development capability: evidence from new energy industries," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(7), pages 16657-16682, July.
    4. Ding, Jian & Liu, Baoliu & Shao, Xuefeng, 2022. "Spatial effects of industrial synergistic agglomeration and regional green development efficiency: Evidence from China," Energy Economics, Elsevier, vol. 112(C).
    5. Qi, Fengyu & Guo, Dong & Xu, Yaping & Liu, Xiaoxue & Liu, Pengzhen & Xie, Youzhi, 2024. "How does circulation industry agglomeration help close the income gap between urban and rural areas? — Evidence from China," Socio-Economic Planning Sciences, Elsevier, vol. 94(C).
    6. Liao, Bin & Li, Lin & Tian, Cai Hong, 2024. "How does the pilot policies of new urbanization improve uneven development?," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 86-103.

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