Industrial convergence, market structure, and consumption upgrading

Xiuzhen Huo and Lingfang Liu

International Review of Economics & Finance, 2025, vol. 103, issue C

Abstract: This study empirically examines the impact of industrial convergence on consumption upgrading and its underlying mechanisms. The findings reveal that industrial convergence significantly promotes regional consumption upgrading, with market structure and digital economy development reinforcing this positive effect. Further analysis indicates that the enhancement effect is particularly pronounced in regions with strong innovation capabilities and advanced data integration capacity. Additionally, the differential impacts of consumption tax policies and local government intervention intensity collectively shape the heterogeneous effects of industrial convergence across provinces.

Keywords: Industrial convergence; Market structure; Consumption upgrading; Digital economy development level (search for similar items in EconPapers)
JEL-codes: D12 L86 O33 R12 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:103:y:2025:i:c:s1059056025005519

DOI: 10.1016/j.iref.2025.104388

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