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The impact of the establishment of high-tech zones on economic development

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DOI: 10.23977/ferm.2020.030113 | Downloads: 5 | Views: 214

Author(s)

Zhengjuan Wang 1

Affiliation(s)

1 Central University of Finance and Economics, Majoring in regional economics. No. 39 Xueyuan South Road, Haidian District, Beijing, China, 100081

Corresponding Author

Zhengjuan Wang

ABSTRACT

The high-tech zone is an important strategy to promote China's transformation and upgrading, and it has also played an important role in promoting the local economy, and there have also been development imbalances. Whether the establishment of high-tech zones promotes or hinders economic development in the region remains to be studied. This paper selects panel data of 262 cities in China from 2015 to 2016, and chooses the double difference method to construct an econometric model to quantitatively examine the impact of high-tech zones on the economy. Through regression and testing of the model, it is found that the high-tech zone still has a driving effect on economic development. There are gaps in the promotion of different regions. As the economy develops, shortcomings are gradually exposed, which has a counterproductive effect on the local economy. The research results provide a reference for improving the construction of high-tech zones and the implementation of policies.

KEYWORDS

High-tech zone, Economic development, Heterogeneity

CITE THIS PAPER

Zhengjuan Wang, The impact of the establishment of high-tech zones on economic development. Financial Engineering and Risk Management (2020) 3: 85-91. DOI: http://dx.doi.org/10.23977/ferm.2020.030113.

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