Market Integration and Regional Innovation in China: Evidence from the Yangtze River Delta Region

Market integration is an important tool for China’s regionally coordinated economic development. At the same time, China is implementing an innovation-driven development strategy. Therefore, the way the market integration affects regional innovation is of great significance to analyze this problem....

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Autores principales:	Xiaohong Liu, Ching-Ter Chang
Formato:	article
Lenguaje:	EN
Publicado:	Hindawi Limited 2021
Materias:	Engineering (General). Civil engineering (General) TA1-2040 Mathematics QA1-939
Acceso en línea:	https://doaj.org/article/b3af0eae4dd14700b9bf07e95b7cf273
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spelling	oai:doaj.org-article:b3af0eae4dd14700b9bf07e95b7cf2732021-11-08T02:37:09ZMarket Integration and Regional Innovation in China: Evidence from the Yangtze River Delta Region1563-514710.1155/2021/7615495https://doaj.org/article/b3af0eae4dd14700b9bf07e95b7cf2732021-01-01T00:00:00Zhttp://dx.doi.org/10.1155/2021/7615495https://doaj.org/toc/1563-5147Market integration is an important tool for China’s regionally coordinated economic development. At the same time, China is implementing an innovation-driven development strategy. Therefore, the way the market integration affects regional innovation is of great significance to analyze this problem. The panel data of 27 cities in the Yangtze River Delta region in China with the highest degree of economic integration from 2009 to 2018 are used to investigate the impact of market integration (MI) on regional innovation (RI). The main findings are as follows: the first-order lag term of RI is significantly positive, and RI has certain path dependence. In this regard, MI has a positive impact on RI and promotes RI. The estimated coefficient of MI is significantly positive and has a positive impact on RI and promotes RI. This provides a reference for promoting RI through MI. The contributions of the paper are threefold: (1) This paper examines the impact of MI on RI to provide policy implications for the coordinated development of innovation between regions. (2) The relative price method is adopted to measure the MI, which covers 16 kinds of commodities, covering a wider range than does the traditional method. (3) This paper uses the generalized method of moments (GMM) to test the effect of MI on RI for the first time.Xiaohong LiuChing-Ter ChangHindawi LimitedarticleEngineering (General). Civil engineering (General)TA1-2040MathematicsQA1-939ENMathematical Problems in Engineering, Vol 2021 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Engineering (General). Civil engineering (General) TA1-2040 Mathematics QA1-939
spellingShingle	Engineering (General). Civil engineering (General) TA1-2040 Mathematics QA1-939 Xiaohong Liu Ching-Ter Chang Market Integration and Regional Innovation in China: Evidence from the Yangtze River Delta Region
description	Market integration is an important tool for China’s regionally coordinated economic development. At the same time, China is implementing an innovation-driven development strategy. Therefore, the way the market integration affects regional innovation is of great significance to analyze this problem. The panel data of 27 cities in the Yangtze River Delta region in China with the highest degree of economic integration from 2009 to 2018 are used to investigate the impact of market integration (MI) on regional innovation (RI). The main findings are as follows: the first-order lag term of RI is significantly positive, and RI has certain path dependence. In this regard, MI has a positive impact on RI and promotes RI. The estimated coefficient of MI is significantly positive and has a positive impact on RI and promotes RI. This provides a reference for promoting RI through MI. The contributions of the paper are threefold: (1) This paper examines the impact of MI on RI to provide policy implications for the coordinated development of innovation between regions. (2) The relative price method is adopted to measure the MI, which covers 16 kinds of commodities, covering a wider range than does the traditional method. (3) This paper uses the generalized method of moments (GMM) to test the effect of MI on RI for the first time.
format	article
author	Xiaohong Liu Ching-Ter Chang
author_facet	Xiaohong Liu Ching-Ter Chang
author_sort	Xiaohong Liu
title	Market Integration and Regional Innovation in China: Evidence from the Yangtze River Delta Region
title_short	Market Integration and Regional Innovation in China: Evidence from the Yangtze River Delta Region
title_full	Market Integration and Regional Innovation in China: Evidence from the Yangtze River Delta Region
title_fullStr	Market Integration and Regional Innovation in China: Evidence from the Yangtze River Delta Region
title_full_unstemmed	Market Integration and Regional Innovation in China: Evidence from the Yangtze River Delta Region
title_sort	market integration and regional innovation in china: evidence from the yangtze river delta region
publisher	Hindawi Limited
publishDate	2021
url	https://doaj.org/article/b3af0eae4dd14700b9bf07e95b7cf273
work_keys_str_mv	AT xiaohongliu marketintegrationandregionalinnovationinchinaevidencefromtheyangtzeriverdeltaregion AT chingterchang marketintegrationandregionalinnovationinchinaevidencefromtheyangtzeriverdeltaregion
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Market Integration and Regional Innovation in China: Evidence from the Yangtze River Delta Region

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