The Impact of Co-agglomeration of Producer Services and Manufacturing Industries on the Enterprise's Innovation

LIU Sheng; LI Wen-xiu; CHEN CHEN Xiu-ying

Volume 34 Issue 3

May 2021

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LIU Sheng, LI Wen-xiu, CHEN CHEN Xiu-ying. The Impact of Co-agglomeration of Producer Services and Manufacturing Industries on the Enterprise's Innovation[J]. Journal of Guangdong University of Finance & Economics, 2019, 34(3): 43-53.

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LIU Sheng, LI Wen-xiu, CHEN CHEN Xiu-ying. The Impact of Co-agglomeration of Producer Services and Manufacturing Industries on the Enterprise's Innovation[J]. Journal of Guangdong University of Finance & Economics, 2019, 34(3): 43-53.

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The Impact of Co-agglomeration of Producer Services and Manufacturing Industries on the Enterprise's Innovation

1.
Institute of Studies for the Greater Bay Area, Guangdong University of Foreign Studies, Guangzhou 510006
2.
Guangdong University of Finance, Guangzhou 510521, China

Received Date: 2019-01-28
Available Online: 2021-05-27
Publish Date: 2019-05-28

Abstract

Abstract

The integration of advanced manufacturing and modern services is the key to enterprise's innovation. However, there are rare researches on how the co-agglomeration of producer services and manufacturing industries stimulates technological innovation of manufacturing enterprises. Based on the matching data of China's industrial enterprises and prefecture-level cities, this paper empirically examines the impact and its mechanism of co-agglomeration of producer services and manufacturing industries on enterprise's innovation. The results show that the co-agglomeration of producer services and manufacturing industries significantly promotes the innovation tendency of manufacturing enterprises, and this effect depends on factors such as the type of enterprise ownership, factor intensity, the size of city and so on. Furthermore, the co-agglomeration of producer services and manufacturing industries influences the innovation tendency of manufacturing enterprises mainly through the channels of transaction cost, behavior of entry and exit, incentive of R&D innovation.
- industrial co-agglomeration,
- enterprise's innovation,
- the real economy,
- heterogeneity,
- manufacturing,
- producer services

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References(28)

References

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