How have New Types of Consumption Promoted Industrial Structural Upgrading: Based on Quasi-Natural Experiment of Information Consumption Pilots

HE Ling-yun; ZHANG Yuan-meng

Volume 37 Issue 5

Sep. 2022

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HE Ling-yun, ZHANG Yuan-meng. How have New Types of Consumption Promoted Industrial Structural Upgrading: Based on Quasi-Natural Experiment of Information Consumption Pilots[J]. Journal of Guangdong University of Finance & Economics, 2022, 37(5): 4-17.

Citation:

HE Ling-yun, ZHANG Yuan-meng. How have New Types of Consumption Promoted Industrial Structural Upgrading: Based on Quasi-Natural Experiment of Information Consumption Pilots[J]. Journal of Guangdong University of Finance & Economics, 2022, 37(5): 4-17.

Citation:

HE Ling-yun, ZHANG Yuan-meng. How have New Types of Consumption Promoted Industrial Structural Upgrading: Based on Quasi-Natural Experiment of Information Consumption Pilots[J]. Journal of Guangdong University of Finance & Economics, 2022, 37(5): 4-17.

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How have New Types of Consumption Promoted Industrial Structural Upgrading: Based on Quasi-Natural Experiment of Information Consumption Pilots

Economics School, Zhongnan University of Economics and Law, Wuhan 430073, China

Received Date: 2022-03-15
Available Online: 2022-10-12
Publish Date: 2022-09-28

Abstract

Abstract

As an important part of the new types of consumption, information consumption provides a strong impetus for the sustained economic recovery and the industrial structure upgrading in the post-epidemic era. Based on a quasi-natural experiment of information consumption pilots in China, this study uses panel data from 278 prefecture-level cities from 2005 to 2018 to explore the impact of information consumption pilots on the upgrading of industrial structure through a difference-in-differences (DID) model. The results show that the information consumption pilots can significantly promote the rationalization and advancement of urban industrial structure, and the findings are still valid after a whole string of robustness tests. Additionally, spatial heterogeneity analyses show that the policy has a driving effect on the advancement of industrial structure in the central and western regions of China, but the effect is not significant in the eastern region; the policy can promote the rationalization of the industrial structure in the central and eastern regions, but produce an inhibitory effect in the western region. An examination of the underlying mechanisms shows that promotion in urban informatization level, resident consumption, and technological innovation associated with the information consumption pilots may play a role in industrial upgrading. Therefore, the Chinese government should expand the implementation scope of information consumption pilots to unleash consumption potential, to promote the coordinated development of industrial upgrading, product upgrading and consumption upgrading.

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References(40)

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