Can Technological Innovation in Central Cities Promote Coordinated Development of Urban Agglomerations:Also on the Regulating Role of Housing-Price to Income Ratio
Based on the data of listed companies in 127 prefecture-level cities from 2007 to 2019,this paper systematically examines the influence mechanism of technological innovation in central cities on the coordinated development of urban agglomerations,and discusses the moderating effect of housing-price to income ratio.There are following findings:Firstly,the improvement of technological innova-tion level in central cities not only significantly promotes the coordinated development of urban agglomerations,but also accelerates the convergence of economic growth in peripheral cities,and shows obvious heterogeneity in urban agglomerations in different regions and development stages;Secondly,technological innovation in central cities promotes coordinated development of urban agglomerations through deepening industrial division of labor;Thirdly,the income to housing price ratio can regulate the relationship between techno-logical innovation in central cities and the coordinated development of urban agglomerations,but the regulatory effect has regional heter-ogeneity.Only in the central region,it significantly enhances the promoting effect of technological innovation in central cities on the co-ordinated development of urban agglomerations,and has no significant regulatory effect on the eastern and western regions.The re-search findings not only enrich the theoretical research on the impact of technological innovation in central cities on the coordinated de-velopment of urban agglomerations,but also provide policy insights in improving the housing-price to income ratio.
Technological Innovation in Central CitiesCoordinated Development of Urban AgglomerationsHousing-Price to Income RatioIndustrial Division of LaborModerating Effect
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