Keywords
government intervention, marketization process, industrial agglomeration, industrial innovation performance
Abstract
This paper expounds the theoretical mechanism of how industrial agglomeration affects industrial innovation performance,and discusses the moderating effect of marketization process and government intervention on industrial agglomeration and industrial innovation performance.This paper uses the provincial data of China's manufacturing industry from 2011 to 2016 to conduct panel regression.The results confirm the inverted U-shaped relationship between industrial agglomeration degree and industrial innovation performance.It is found that:marketization process has a significant positive moderating effect on the relationship between the two;Government intervention has a significant negative regulating effect on the relationship between the two.These findings have important policy implications:in the stage of low industrial agglomeration,reducing government intervention and giving full play to the role of market mechanism can promote innovation to a greater extent;When excessive agglomeration damages the performance of industrial innovation,the government should actively intervene to control the decline of industrial innovation performance.
DOI
10.16315/j.stm.2021.03.009
Recommended Citation
ZHAO, Jing and ZHOU, Hui-hui
(2021)
"Impact of industrial agglomeration on innovation performance of manufacturing industry:From the perspective of government intervention and marketization process,"
Journal of Science and Technology Management: Vol. 23:
Iss.
3, Article 4.
DOI: 10.16315/j.stm.2021.03.009
Available at:
https://jstm.researchcommons.org/journal/vol23/iss3/4
