Research on the impact of Industrial Synergy Agglomeration on Regional Innovation and Development

Abstract

Collaborative agglomeration of producer services and manufacturing can effectively improve resource mismatch, enhance the height of industrial structure, and then promote regional innovation and development. This collaborative clustering model plays a significant role in promoting optimized resource allocation, driving industrial upgrading, and fostering innovation development, which is of great significance for achieving economic growth and regional sustainable development. This paper constructs the panel data of 281 prefecture level cities in China from 2004 to 2019 to empirically analyze the impact of Industrial Synergy on the development of regional innovation. It is found that the collaborative agglomeration of producer services and manufacturing industry is conducive to the development of regional innovation, especially the collaborative agglomeration of high value-added producer services and manufacturing industry has a more significant role in promoting innovation. Therefore, local governments should accelerate the coordinated development of industries, thus promoting the improvement of innovation level and ultimately achieving high-quality economic development.