TITLE:
Research on Spatial Spillover Effect of Total Factor Productivity in Construction Industry: Evidence from Yangtze River Delta Region in China
AUTHORS:
Tianci Yin
KEYWORDS:
Yangtze River Delta Region, Construction Industry, Malmquist Index, Spatial Spillover Effect
JOURNAL NAME:
American Journal of Industrial and Business Management,
Vol.11 No.12,
December
2,
2021
ABSTRACT: Based on the panel data of construction industry in
The Yangtze River Delta region from 2007 to 2020, the Malmquist index method
was used to measure the Total Factor Productivity of construction industry in
the Yangtze River Delta region, and the Spatial Durbin Model was constructed to
study the spatial spillover effect of total factor productivity of construction
industry. The empirical results show that the average growth rate of Total Factor Productivity
is 1.39% when the technological progress index of construction industry
increases by one percentage point, and technological innovation is the
inexhaustible source of promoting the growth of Total Factor Productivity. The
Total Factor Productivity of construction industry in Yangtze River Delta
region has significant Spatial correlation, environmental regulation, human
capital, industrial scale, industrial structure and the level of open has a
positive influence in promoting the total factor productivity, while the
spillover of economic level will hinder the growth of total factor productivity
in the construction industry in the region but promote the neighboring regions.
Improving the intensity of environmental regulation can help to force enterprises
to realize independent innovation, increase research and development investment
and human capital investment, maintain reasonable factor allocation, speed up
innovation-driven high-quality development, and promote comprehensively
technological level of China’s construction industry.