The Economic Effect of Industrial Agglomeration in the Yangtze River Delta: Based on the Static and Dynamic Spatial Durbin Model

doi:10.16382/j.cnki.1000-5579.2019.02.015

Abstract

Abstract:

Taking the manufacturing, financial, high-tech and cultural industry in the Yangtze River Delta region as the research object, and using the data from 1999 to 2015 of 36 cities in the Yangtze River Delta region to build eight spatial weight matrices, this thesis applies static and dynamic spatial Durbin model (SDM) for empirical analysis of the characteristics of industrial agglomeration development and its short-term and long-term direct, indirect and overall economic benefits to regional economic development. According to the empirical results show that financial agglomeration is unfavorable in the short term but beneficial in the long term to urban economic development. On the contrary, the cluster of manufacturing and high-tech industry is beneficial in the short term but unfavorable in the long term to urban economic development. The agglomeration of cultural industries is not conducive to urban economic development in the short term, and its influence on urban economic development is unclear in the long term. In order to stabilize the leading position of the Yangtze River Delta region in economic development in China, the government needs to ensure industrial agglomeration beneficial to urban economic development through breaking the administrative boundaries, making overall planning, intervening and adjusting its development direction and rhythm.

Key words: Yangtze River Delta, industrial agglomeration, (in)direct effect, spatial econometrics, SDM

LAN Fa-qin, HUANG Yan. The Economic Effect of Industrial Agglomeration in the Yangtze River Delta: Based on the Static and Dynamic Spatial Durbin Model[J]. Journal of East China Normal University (Philosoph, 2019, 51(2): 163-171.

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