The Impact of High-Tech Industry Agglomeration on Green Economy Efficiency—Evidence from the Yangtze River Economic Belt

Weiliang Chen, Xinjian Huang, Yanhong Liu, Xin Luan and Yan Song
Additional contact information
Weiliang Chen: School of Management, Nanchang University, Nanchang 330031, China
Xinjian Huang: School of Management, Nanchang University, Nanchang 330031, China
Yanhong Liu: School of Management, Nanchang University, Nanchang 330031, China
Xin Luan: Department of City and Regional Planning, University of North Carolina at Chapel Hill, Chapel Hill, NC 27517, USA
Yan Song: Department of City and Regional Planning, University of North Carolina at Chapel Hill, Chapel Hill, NC 27517, USA

Sustainability, 2019, vol. 11, issue 19, 1-18

Abstract: Development is the eternal theme of the times. However, the transformation of the development mode is imminent, and we should abandon the extensive economic development mode and turn to the efficient development of an intensive mode. The high-tech industry will be the decisive force in future industrial development. The agglomeration of the industry will help form economies of scale, thereby improving the effective allocation of resources and promoting productivity. The increase in green economy efficiency is a key factor in achieving green development and an important indicator of achieving the coordinated development of economic development and environmental protection. Therefore, in this study, we try to improve the efficiency of the green economy through industrial agglomeration to achieve green development. In order to solve this problem, we took the Yangtze River Economic Belt as the research object, used Super Slacks-based Measure (SBM) data envelopment analysis (DEA) and general algebraic modeling system (GAMS) to study the green economy efficiency, and then used the system generalized moment method (SGMM) to study the impact of high-tech industry agglomeration on green economy efficiency. According to the empirical test, we found that (1) the green economy efficiency of the Yangtze River Economic Belt shows a volatile upward trend, (2) the green economy efficiency of the Yangtze River Economic Belt differs with time and by region, (3) the agglomeration of the high-tech industry has a lagging effect on the improvement of green economy efficiency, and (4) the regression coefficients of economic development and foreign direct investment are positive and those of environmental regulation and urbanization are negative. Finally, in this paper, we provide corresponding policy recommendations to promote the agglomeration of high-tech industries, thereby improving the efficiency of the green economy.

Keywords: green development; industry agglomeration; green economy efficiency; GAMS; SGMM (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17)

Downloads: (external link)
https://www.mdpi.com/2071-1050/11/19/5189/pdf (application/pdf)
https://www.mdpi.com/2071-1050/11/19/5189/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:11:y:2019:i:19:p:5189-:d:269570

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().