Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2142632
The growth impact of infrastructure capital investment: the role of regional innovation capacity—evidence from China
Pengfei Guo
Xinyun Hu
Shikuan Zhao
Mingming Li
Sažetak
To verify the impact mechanism between infrastructure capital
investment and regional economic growth in China, this study
first estimates production capital stocks of the infrastructure by
Perpetual Inventory Method (PIM) based on a balanced panel
dataset for 31 Chinese provinces, autonomous regions and municipalities
covering 1993–2017, then analyses the important mediating
role of regional innovation capacity in the relationship
between infrastructure capital investment and regional economic
growth in China. The empirical results indicate that infrastructure
capital investment can effectively promote economic growth in
China. Furthermore, through analysing the mediating impact
mechanism, the infrastructure capital investment can indirectly
affect regional economic growth through the regional innovation
capacity. When fully considering the potential heterogeneity, the
mediating effect of developed regions is more significant than
that of underdeveloped regions, and such a mediating effect is
increasing with deepening industrialization. Therefore, a harmonious
relationship between infrastructure capital investment and
economic growth can be achieved if policymakers attempt to
arouse the positive mediating role of regional innovation capacity
when formulating relevant policies.
Ključne riječi
Infrastructure capital investment; regional innovation capacity; regional economic growth; mediating effect model
Hrčak ID:
306770
URI
Datum izdavanja:
30.4.2023.
Posjeta: 175 *