Productive services agglomeration: An accelerator of manufacturing servitization output?

Xiaoyu Xie and Chunjuan Wang

Finance Research Letters, 2024, vol. 62, issue PB

Abstract: This study empirically investigates the impact of productive service agglomeration on manufacturing servitization and the heterogeneity of this impact. We found that (1) the productive service industry's agglomeration facilitates manufacturing servitization with a heterogeneous feature. Furthermore, (2) agglomeration of the private productive service sector is more conducive to promoting manufacturing servitization than the state-owned productive service sector. Finally, (3) the agglomeration of labor- and capital-intensive productive service industries has a more pronounced role in boosting manufacturing servitization. These findings contribute to optimizing industrial upgrade policies and corporate servitization strategies.

Keywords: Productive service industry agglomeration; Manufacturing industry servitization; Heterogeneity (search for similar items in EconPapers)
JEL-codes: L6 L8 O2 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:62:y:2024:i:pb:s1544612324002186

DOI: 10.1016/j.frl.2024.105188

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