The innovation driven effect of the dual pilot of Comprehensive Financial Reform Experimental Zone and Innovative City

  • HUANG Xiao-ting ,
  • SUN Jiu-wen ,
  • Ding Jie
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Received date: 2022-11-06

  Revised date: 2022-12-03

  Online published: 2023-09-19

Abstract

Based on the balanced panel data of 263 prefecture-level cities in China from 2005 to 2020,this paper takes the gradual promotion of the comprehensive financial reform experimental zone and innovative cities as a quasinatural experiment,and builds a two way fixed effect model to empirically study the net effect of dual piloting on urban innovation level,using progressive double difference estimation method.The results show that:First,dual piloting of two policies has significantly improved urban innovation level,and after a series of robustness tests this conclusion is still valid.Second,mechanism research finds the upgrading of industrial structure has played a certain channel effect.Third,further analysis finds that dual piloting of two policies has more effectively promoted the improvement of urban innovation level than single piloting of either policy,and it has a more significant effect on cities in central and western China and cities with low initial innovation foundation.In order to further optimize the policy effect, it is necessary to strengthen the coordination and linkage between innovation related policies, timely carry out the scientific evaluation of policy effect and pilot acceptance, promote the rationalization and upgrading of the industrial structure, and rationally carry out the policy layout in combination with the urban differences.

Cite this article

HUANG Xiao-ting , SUN Jiu-wen , Ding Jie . The innovation driven effect of the dual pilot of Comprehensive Financial Reform Experimental Zone and Innovative City[J]. Urban Problems, 2023 , 331(2) : 49 -60 . DOI: 10.13239/j.bjsshkxy.cswt.230205

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