Spatial Impact of Government Venture Capital on Urbanization and Its Path—Evidence from the Yangtze River Delta Urban Agglomeration in China

Qilin Cao, Anhong Hou (), Xiang Li and Chunxue Jiang
Additional contact information
Qilin Cao: Business School, Sichuan University, Chengdu 610064, China
Anhong Hou: Business School, Sichuan University, Chengdu 610064, China
Xiang Li: Business School, Sichuan University, Chengdu 610064, China
Chunxue Jiang: Department of Economics, University of Warwick, Coventry CV4 7AL, UK

Land, 2022, vol. 12, issue 1, 1-21

Abstract: Despite being the world’s largest developing country and experiencing rapid economic growth, China’s urbanization process lags behind the global standard. The comprehensive promotion of urbanization development is a critical issue for the Chinese government, with government venture capital playing a significant role in promoting regional economic development. Using urbanization dimension levels extracted through factor analysis, this study analyzes the impact of government venture capital on the urbanization development of the Yangtze River Delta region of China and explores its path to determine its spatial spillover effect on surrounding areas. The results show that government venture capital funds can significantly promote urbanization development in this region, primarily by influencing the residents’ standard of living and urban construction levels. In addition, the spatial spillover effect of urbanization can be realized through the promotion of the urban construction level and the ecological health level of surrounding areas. While previous literature has examined government venture capital from multiple perspectives and dimensions, few scholars have investigated the impact of government venture capital on the critical issue of urbanization development. This study fills that research gap and serves as a reference for the Chinese government to promote high−quality urbanization development.

Keywords: government venture capital; urbanization development; spatial impact (search for similar items in EconPapers)
JEL-codes: Q15 Q2 Q24 Q28 Q5 R14 R52 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2073-445X/12/1/53/pdf (application/pdf)
https://www.mdpi.com/2073-445X/12/1/53/ (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:jlands:v:12:y:2022:i:1:p:53-:d:1014185

Access Statistics for this article

Land is currently edited by Ms. Carol Ma

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