Can Technological Innovation in Central Cities Promote Coordinated Development of Urban Agglomerations: Also on the Regulating Role of Housing-Price to Income Ratio
Can Technological Innovation in Central Cities Promote Coordinated Development of Urban Agglomerations: Also on the Regulating Role of Housing-Price to Income Ratio
LIANG Jun, LI Jiayi
School of Business, Shandong University, Weihai 264209, China
Abstract Based on the data of listed companies in 127 prefecture-level cities from 2007 to 2019, this paper systematically examines the influence mechanism of technological innovation in central cities on the coordinated development of urban agglomerations, and discusses the moderating effect of housing-price to income ratio. There are following findings: Firstly, the improvement of technological innovation level in central cities not only significantly promotes the coordinated development of urban agglomerations, but also accelerates the convergence of economic growth in peripheral cities, and shows obvious heterogeneity in urban agglomerations in different regions and development stages; Secondly, technological innovation in central cities promotes coordinated development of urban agglomerations through deepening industrial division of labor; Thirdly, the income to housing price ratio can regulate the relationship between technological innovation in central cities and the coordinated development of urban agglomerations, but the regulatory effect has regional heterogeneity. Only in the central region, it significantly enhances the promoting effect of technological innovation in central cities on the coordinated development of urban agglomerations, and has no significant regulatory effect on the eastern and western regions. The research findings not only enrich the theoretical research on the impact of technological innovation in central cities on the coordinated development of urban agglomerations, but also provide policy insights in improving the housing-price to income ratio.
LIANG Jun,LI Jiayi. Can Technological Innovation in Central Cities Promote Coordinated Development of Urban Agglomerations: Also on the Regulating Role of Housing-Price to Income Ratio. Economic Survey, 2024, 41(4): 016.
2024, Vol. 41 
