Does Improvement in Water Resource Endowment Promote High-quality Economic Development?——A Quasi-natural Experiment Based on the South-to-North Water Diversion Project in China
This paper employs the PSM-DID method to empirically test the impact of the South-to-North Water Diversion Project on various dimensions of high-quality economic development in the recipient areas.The main findings indicate that the implementation of the water diversion project significantly promotes the upgrading of the industrial structure,enhances the innovation abilities,increases local government fiscal revenues,augments the urban financial resources and improves the sharing level of economic development achievements.Concurrently,the intensity of industrial wastewater discharge in recipient cities has notably decreased,suggesting that the water diversion project has not led to an increased transfer of highly polluting enterprises to the recipient areas.Further analysis reveals that cities facing more severe water shortages have unlocked greater development potential through the water diversion project.These conclusions demonstrate the importance and necessity of coordinating the allocation of water resources.The government should systematically implement the resource allocation projects and moderately prioritize cities with more severe water shortages.
South-to-North Water DiversionCoordinated AllocationProductive Factor EndowmentHigh-quality Economic DevelopmentHeterogeneity Analysis
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