Network capital and urban development: an inter-urban capital flow network analysis

Shuai Shi, Siu Kei Wong and Chen Zheng

Regional Studies, 2022, vol. 56, issue 3, 406-419

Abstract: This study investigates the role of network capital in urban development by utilizing mergers and acquisitions as a flow metric to construct China's inter-urban capital flow network. First, an uneven geography of network capital is revealed, indicating regional disparity. Second, we identify a positive impact of outward- and gateway-network capital on urban economic growth. Additionally, the impact of the emergent network capital is moderated by local human capital and knowledge stock, indicating a networked agglomeration economy. The findings support a coordinative and place-based policy for fostering urban and regional development.

Date: 2022
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DOI: 10.1080/00343404.2021.1955098

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