The Influence of Technological Innovation Level on High-Tech Industrial Agglomeration: The Chinese Experience
Asian Journal of Economics, Business and Accounting · pp. 160–167 · Published 10 Aug 2023
10.9734/ajeba/2023/v23i181066Abstract
The report of the 20th National Congress of the Communist Party of China clearly points out that we must accelerate the implementation of the innovation-driven development strategy, and technological innovation has become a sustainable internal driving force to maintain China's economic development. Industrial agglomeration is the inevitable outcome of China's rapid economic development, which is not only a necessary process of rapid economic development, but also an inevitable result of China's economic development and adjustment. Raising the level of high-tech industrial agglomeration is conducive to the development of high-quality economy in China. This paper selects provincial panel data from 2003 to 2016 to study the relationship between technological innovation level and high-tech industry agglomeration. The results show that: (1) Technological innovation can promote the agglomeration of high-tech industries. (2) There is significant regional heterogeneity in the promoting effect of technological innovation on high-tech industrial agglomeration, and the promoting effect of technological innovation on high-tech industrial agglomeration in eastern China is greater than that in central and western China. And put forward relevant policy suggestions.
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