The Impact of High-Quality Energy Development and Technological Innovation on the Real Economy of the Yangtze River Economic Belt in China: A Spatial Economic and Threshold Effect Analysis

Jiangyuan Fu, Huidan Xue (), Fayuan Wang () and Liming Wang
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Jiangyuan Fu: School of Law, Huazhong University of Science and Technology, Wuhan 430074, China
Huidan Xue: School of Economics & Management, Beijing University of Technology, 100124 Beijing, China
Fayuan Wang: School of Economics and Management, Yangtze University, Jingzhou 434023, China
Liming Wang: School of Economics & Management, Beijing University of Technology, 100124 Beijing, China

Sustainability, 2023, vol. 15, issue 2, 1-14

Abstract: The sustainable economic development of the Yangtze River Economic Belt is a significant part of China’s regional development strategy. The article selects panel data from 11 provinces of the region from 2004 to 2020 and constructs a spatial economic model and a threshold effect model to investigate the impact of energy development and technological innovation on the real economy of this region. The result indicates that technological innovation plays a significantly beneficial role in supporting the development of the local real economy, while its spatial spillover effect to neighboring provinces is not significant. Energy development has a significant negative impact on both the local real economy and that of the neighboring provinces. Such impact is shaped by the threshold effect of the level of technological innovation.

Keywords: technological innovation; energy development; real economy; spatial economics (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
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