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| The Impact of High-tech Industry Agglomeration on Industrial Efficiency |
| Yang Shouyun,Zhao Xin,Wang Yiqiao |
| (School of Business, Northeast Normal University, Changchun 130117, China) |
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Abstract High-tech industry agglomeration can promote industrial efficiency, but the relationship between the two is also affected by the level of economic development and the degree of opening to the outside world. Based on the panel data of high-tech industry in 29 provinces from 1995 to 2016, an interactive term and a panel threshold regression model were constructed to empirically test the impact of economic development and opening on relationship between the agglomeration and efficiency. The results show that the coefficient of interaction between agglomeration and economic development is negative, while that between agglomeration and opening up is positive. The impact of high-tech industry agglomeration on industrial efficiency has significant threshold effect from economic development and opening up. With the growing of the level of economic development, the positive impact of agglomeration on industrial efficiency will be gradually weakened, and the existence of Williamson Hypothesis in China's high-tech industry are verified. With the growing of the degree of opening up, the positive impact of agglomeration on industrial efficiency will be gradually strengthened, and the Openness Hypothesis are denied.
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Received: 12 June 2019
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