Dataset Information

Convergence or dispersion? The impact of China's innovative city pilot policy on regional innovation differences.

ABSTRACT: Although constructing innovative cities stimulates innovation, it may further widen regional innovation differences. Based on panel data from 275 cities in China from 2003 to 2020, the difference-in-differences method was used to examine the impact of the innovative city pilot policy on urban innovation convergence. The study finds that the pilot policy not only improves the innovation level of cities (basic effect) but also promotes innovation convergence among pilot cities (convergence effect). However, in the short-term, the policy slows the innovation convergence of the entire region. The results reveal the innovative city policy's multiple effects and dual character and capture the spatial spillover and regional heterogeneity of policy impact, highlighting the risk of further marginalizing some cities. This study supplements the evidence that government intervention affects regional innovation patterns based on the place-based innovation policy in China, providing theoretical support for expanding the follow-up pilot scope and the coordinated development of regional innovation.

SUBMITTER: Haodong Y

PROVIDER: S-EPMC10138854 | biostudies-literature | 2023

REPOSITORIES: biostudies-literature

ACCESS DATA

Publications

Convergence or dispersion? The impact of China's innovative city pilot policy on regional innovation differences.

Haodong Yang Y Chen Wang W Gaofeng Wang W

PloS one 20230427 4

Although constructing innovative cities stimulates innovation, it may further widen regional innovation differences. Based on panel data from 275 cities in China from 2003 to 2020, the difference-in-differences method was used to examine the impact of the innovative city pilot policy on urban innovation convergence. The study finds that the pilot policy not only improves the innovation level of cities (basic effect) but also promotes innovation convergence among pilot cities (convergence effect) ...[more]

PMID: 37104502

Similar Datasets

Project description:In the context of promoting the orderly expansion of capital investment and rational allocation of resources to achieve green and circular economic development. Green finance, as a new engine to promote the sustainability of enterprises, holds significant importance in exploring the positive effect of green finance policies on optimizing the investment decisions of enterprises and guiding them to efficiently utilize their resources to maximize value creation. Using A-share listed companies in Shanghai and Shenzhen from 2012 to 2022 as the research sample, we apply the Difference-in-Differences (DID) method to test the impact of the green finance reform and innovation pilot zones (2017) on the investment efficiency of enterprises in the pilot regions. We also adopt a two-step method to test the mechanisms of financial resource misallocation and agency costs. The study reveals that the green finance policy significantly enhances the investment efficiency of enterprises in the pilot areas. Financial resource misallocation and agency costs are important influence mechanisms. Drawing on resource allocation theory and agency theory, the study concludes that the green finance policy alleviates financial resource misallocation by directing financial resources toward high-efficiency enterprises. Moreover, the policy effectively reduces agency conflicts caused by power separation and information asymmetry, ensuring that enterprises can maximize the benefits of their investments. Heterogeneity analysis shows that non-state-owned enterprises and low-tech innovative enterprises in the pilot areas have disadvantages in terms of capital stock and loan credit, so the policy can improve their investment efficiency effectively. Based on these findings, we recommend that to leverage the positive effects of the green finance policy, it is essential to enhance the guiding role of the government, strengthen market mechanisms, and bolster corporate initiatives. This study complements the research on the economic effects of location-orientated comprehensive green finance policies on enterprises, considering the dual aspects of resource allocation efficiency and corporate governance, and makes up for the shortcomings of the existing literature. The study's conclusions offer valuable insights for enhancing green finance to support enterprises in achieving efficient production.

Project description:In the current era of big data, the exponential increase in the volume of social data has exerted a significant influence on the government and all sectors of society, with the opening of government data becoming an irresistible trend. In this paper, several regional central cities are selected as the representatives of municipal governments to analyze the characteristics and weaknesses of their data-opening policies from various perspectives including policy effectiveness, policy tools, and policy targets. This is of reference significance for the municipal governments of an individual country in the formulation of data opening policies. To be specific, with 2015-2021 as the timeline, based on the six regions of the country, the central cities of each region are selected as representatives of municipal cities, and the text coding of 85 data opening policies implemented in regional central cities are performed. On this basis, a "policy tool-policy targets-policy effectiveness" collaborative measurement model is constructed through the policy tool theory, and the co-evolution analysis of the relevant policies is conducted. The research results are as follows. Firstly, there is a positive correlation between the total policy effectiveness and its quantity, indicating that the number of data-opening policies plays a positive role to a certain extent. However, the average effectiveness shows no significant increase, indicating the inadequate specificity of each policy. Secondly, the degree of synergy between policy tools fluctuates periodically, indicating that the government is constantly trying new methods, with more importance attached to the synergy between government capacity cultivation and positive incentive tools. Thirdly, policy targets continue to show new connotations over time, and there has been new progress made in the coordination between the other three objectives driven by data opening. However, it is imperative to enhance the synergy between the objectives of building a smart city and improving the services related to livelihood. Finally, some targeted suggestions are put forward on how to further improve the data opening policy implemented by municipal governments from three perspectives.

Dataset Information

Convergence or dispersion? The impact of China's innovative city pilot policy on regional innovation differences.

Publications

Convergence or dispersion? The impact of China's innovative city pilot policy on regional innovation differences.

Similar Datasets

OmicsDI is part of the ELIXIR infrastructure

Tweets