Impact of Synergistic Agglomeration of Logistics and Financial Industries on High-quality Development of City Clusters:An Empirical Analysis Based on Beijing-Tianjin-Hebei City Cluster
In this paper,in light of the mature and well-developed transportation network and financial industry in the Beijing-Tianjin-Hebei region,we investigate the impact of the synergistic agglomeration of the logistics and financial industries on the high-quality economic development of the Beijing-Tianjin-He-bei city cluster.First we look in-depth at the current status of the synergistic agglomeration of the logistics industry and the financial industry in the region from 2010 to 2019 to hypothesize on the impact mechanism of such synergistic agglomeration on the high-quality economic development of the city cluster.Next,using the panel data from 2010 to 2019 of the Beijing-Tianjin-Hebei city cluster,we calculate the index of syner-gistic agglomeration of the logistics and financial industries and the level of high-quality economic develop-ment of the region,and construct the Cobb-Douglas production function model to analyze the impact of the former on the latter.Finally,we further explore the nonlinearity between the synergistic agglomeration of the two industries and the high-quality economic development of the Beijing-Tianjin-Hebei region through the panel threshold model.The research results show that there is inverted U-shaped nonlinear rela-tionship between the synergistic agglomeration of the logistics industry and the financial industry and the high-quality economic growth in Beijing and Tianjin;in the Beijing-Tianjin-Hebei city cluster,the con-gestion effect of the synergistic agglomeration of the logistics industry and the financial industry in Beijing,Tianjin,Shijiazhuang,Tangshan,Cangzhou,and Qinhuangdao is inhibiting the high-quality economic de-velopment of these cities;the scale effect of the synergistic agglomeration of the logistics industry and the fi-nancial industry in other cities will further promote the high-quality economic development of these cities.Therefore,it is suggested that the government and industry practitioners in the Beijing-Tianjin-Hebei city cluster should collaborate,where the government should create a favorable external environment,guide the logistics industry and the financial industry to reduce the index of synergistic agglomeration,and institute strict government regulation,accountability,and corporate internal supervision systems;and the industry practitioners should establish a sound market credit system,guide the establishment of information disclosure platforms,and improve the enterprise rating system,so as to fully leverage the scale effect of the synergistic agglomeration of the logistics industry and the financial industry in the Beijing-Tianjin-Hebei region,allevi-ate the congestion effect of such synergistic agglomeration,enhance the speed of high-quality economic de-velopment in the region,and promote the high-quality economic development and industrial transforma-tion and upgrading of the Beijing-Tianjin-Hebei city cluster.
logistics industryfinancial industrysynergistic agglomerationhigh-quality economic devel-opmentBeijing-Tianjin-Hebei city cluster
NETL
NSTL
万方数据
