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The role of institutions and markets in shaping intercity investment networks in China

文献类型：期刊论文

作者Zhang, Ruipeng1,2; Lin, Jiaan3,4; Sun, Dongqi1
刊名CITIES
出版日期2024-10-01
卷号153页码:105221
关键词Urban network Intercity investment Institutions and markets Evolution Driving mechanisms Valued Exponential Random Graph Models
DOI10.1016/j.cities.2024.105221
产权排序1
文献子类Article
英文摘要The acceleration of urban financialization in China has positioned intercity investment as a key driver of urban economic growth, resulting in the formation of complex network structures. Considering China's unique institutional context, analyzing these networks exclusively through a capital market lens lacks both precision and comprehensiveness. To address the roles of institutional and market factors and their interactions, we use a Valued Exponential Random Graph Model (Valued ERGM) to simulate China's intercity investment networks. Our findings show that these networks exhibit dual characteristics of suction and diffusion, evolving into a multi-centered urban network pattern. Market factors such as capital flows, economic scale, and the business credit environment drive network formation, while surplus labor intensifies competition. Institutional factors, including government interventions and regional policies, significantly impact network evolution. Some government subsidies negatively correlate with network development, but their interaction with market factors does not necessarily hinder progress. Furthermore, the study highlights regional development imbalances revealed by endogenous structures and underscores the critical roles of geographical proximity and path dependence in shaping these networks. This comprehensive analysis offers a nuanced understanding of the interplay between institutional and market factors in shaping China's intercity investment networks.
WOS关键词RANDOM GRAPH MODELS ; WORLD CITY NETWORK ; CORPORATE NETWORKS ; SOCIAL NETWORKS ; URBAN NETWORKS ; CITIES ; AGGLOMERATION ; FIRM ; GEOGRAPHIES ; PERFORMANCE
WOS研究方向Urban Studies
WOS记录号WOS:001274478600001
源URL[http://ir.igsnrr.ac.cn/handle/311030/206032]  
专题区域可持续发展分析与模拟院重点实验室_外文论文
通讯作者Sun, Dongqi
作者单位1.Chinese Acad Sci, Inst Geog Sci & Nat Resources Res, Key Lab Reg Sustainable Dev Modeling, Beijing 100101, Peoples R China
2.Univ Chinese Acad Sci, Coll Resources & Environm, Beijing 100049, Peoples R China
3.Shanxi Univ Finance & Econ, Dept Econ, Taiyuan 030006, Shanxi, Peoples R China
4.Shanxi Univ Finance & Econ, Intelligent Management Accounting Inst, Dept Econ, Taiyuan 030006, Peoples R China
推荐引用方式
GB/T 7714		 Zhang, Ruipeng,Lin, Jiaan,Sun, Dongqi. The role of institutions and markets in shaping intercity investment networks in China[J]. CITIES,2024,153:105221.
APA Zhang, Ruipeng,Lin, Jiaan,&Sun, Dongqi.(2024).The role of institutions and markets in shaping intercity investment networks in China.CITIES,153,105221.
MLA Zhang, Ruipeng,et al."The role of institutions and markets in shaping intercity investment networks in China".CITIES 153(2024):105221.

入库方式： OAI收割

来源：地理科学与资源研究所

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