TITLE:
The Impact of Technological Innovation and Industrial Structure Upgrading on New Urbanization: An Empirical Analysis Based on Panel Quantile Regression
AUTHORS:
Lingfang Wei, Haomin Zhang, Yu Zhang
KEYWORDS:
Technological Innovation, Industrial Structure Upgrading, New Urbanization, Quantile Regression
JOURNAL NAME:
Modern Economy,
Vol.12 No.10,
October
28,
2021
ABSTRACT: For China, new urbanization is the inevitable direction
of economic transformation and modernization.
Technological innovation and industrial structure upgrading are the main
ways to promote new urbanization. It is a meaningful question of how the technological innovation
and the upgrading of industrial structure affect the new urbanization. Based on
the panel data of 30 provincial administrative
units except Tibet in Mainland of China in 2010-2018, the paper builds a
panel quantile regression model to explore the intensity of the impact of technological
innovation and industrial upgrading on new urbanization. The
empirical results show that technological innovation has a significant positive impact on new urbanization, when
new urbanization changes from the low quintile to the high quintile, the marginal impact of technological innovation on the
new urbanization changes from 0.6744 to 0.5983. Besides, the marginal impact of industrial structure upgrading on new urbanization
changes from 0.1166 to 0.1843. Industrial upgrading can promote
significantly the development of new urbanization in 0.3 - 0.9 quantiles, but the effect is not obvious in the 0.1 - 0.2 quantiles.