Do regional financial resources affect the concentration of high-end service industries in Chinese cities?

Dailong Wu, Xin Tong, Liping Liu and Joe Wang

Finance Research Letters, 2021, vol. 42, issue C

Abstract: Using data from 285 prefecture-level cities in China from 2005–2016, this paper investigates the impact of regional financial resources on high-end service industry agglomeration through spatial error and threshold models. The results show that the high-end service industry agglomeration has a significant spatial correlation. Financial resources play a significant positive role in promoting the agglomeration of the high-end service industry, but the influence is non-linear. Constrained by level of economic development level, this effect has an inverted U-shape. Constrained by financing capacity, this effect is positive under different threshold intervals but shows a decreasing trend.

Keywords: High-end service industry; Financial resources; Spatial agglomeration; Spatial correlation; Threshold effect (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:42:y:2021:i:c:s1544612321000167

DOI: 10.1016/j.frl.2021.101935

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