Technological industry agglomeration, green innovation efficiency, and development quality of city cluster

Pengzhen Liu; Yanmin Zhao; Jianing Zhu; Cunyi Yang; Pengzhen Liu; Yanmin Zhao; Jianing Zhu; Cunyi Yang

doi:10.3934/GF.2022020

Green Finance

2022, Volume 4, Issue 4: 411-435. doi: 10.3934/GF.2022020

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Research article

Technological industry agglomeration, green innovation efficiency, and development quality of city cluster

1.
School of Economics, Jinan University, 510632 Guangzhou, China
2.
School of Economics and Management, China University of Mining and Technology, 221116 Xuzhou, China
3.
Paul Merage School of Business, University of California, Irvine, CA 92697, USA
4.
Lingnan College, Sun Yat-Sen University, 510275 Guangzhou, China

Received: 18 August 2022 Revised: 11 October 2022 Accepted: 27 October 2022 Published: 31 October 2022
JEL Codes: O18, Q43, R11

Technological progress, especially green innovation, is a key factor in achieving sustainable development and promoting economic growth. In this study, based on innovation value chain theory, we employ the location entropy, super-efficiency SBM-DEA model, and the improved entropy TOPSIS method to measure the technological industry agglomeration, two-stage green innovation efficiency, and development quality index in Yangtze River Delta city cluster, respectively. We then build a spatial panel simultaneous cubic equation model, focusing on the interaction effects among the three factors. The findings indicate: (1) There are significant spatial links between the technological industry agglomeration, green innovation efficiency, and development quality in city cluster. (2) The development quality and technological industry agglomeration are mutually beneficial. In the R&D stage, green innovation efficiency, development quality, and technological industry agglomeration compete with each other, while there is a mutual promotion in the transformation stage. (3) The spatial interaction among the three factors reveals the heterogeneity of two innovation stages. The positive geographical spillover effects of technological industry agglomeration, green innovation efficiency, and development quality are all related to each other. This paper can provide a reference for the direction and path of improving the development quality of city clusters worldwide.
- technological industry agglomeration,
- green innovation efficiency,
- development quality,
- innovation value chain,
- SBM-DEA model,
- spatial panel equation
Citation: Pengzhen Liu, Yanmin Zhao, Jianing Zhu, Cunyi Yang. Technological industry agglomeration, green innovation efficiency, and development quality of city cluster[J]. Green Finance, 2022, 4(4): 411-435. doi: 10.3934/GF.2022020

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Abstract

Technological progress, especially green innovation, is a key factor in achieving sustainable development and promoting economic growth. In this study, based on innovation value chain theory, we employ the location entropy, super-efficiency SBM-DEA model, and the improved entropy TOPSIS method to measure the technological industry agglomeration, two-stage green innovation efficiency, and development quality index in Yangtze River Delta city cluster, respectively. We then build a spatial panel simultaneous cubic equation model, focusing on the interaction effects among the three factors. The findings indicate: (1) There are significant spatial links between the technological industry agglomeration, green innovation efficiency, and development quality in city cluster. (2) The development quality and technological industry agglomeration are mutually beneficial. In the R&D stage, green innovation efficiency, development quality, and technological industry agglomeration compete with each other, while there is a mutual promotion in the transformation stage. (3) The spatial interaction among the three factors reveals the heterogeneity of two innovation stages. The positive geographical spillover effects of technological industry agglomeration, green innovation efficiency, and development quality are all related to each other. This paper can provide a reference for the direction and path of improving the development quality of city clusters worldwide.

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