Examining the Impact of Infrastructure Financialization on Uneven Regional Development: Evidence from China
Infrastructure financialization is an important economic phenomenon in urbanization and urban financialization. The existing studies are mainly focused on qualitative and theoretical analysis around the world. To quantitatively evaluate the impact of infrastructure financialization on uneven regiona...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2023-03-01
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| Series: | Land |
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| Online Access: | https://www.mdpi.com/2073-445X/12/3/641 |
| _version_ | 1827749092913053696 |
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| author | Yun Li Ming Xu Juncheng Dai Zhenshan Yang Zhe Cheng |
| author_facet | Yun Li Ming Xu Juncheng Dai Zhenshan Yang Zhe Cheng |
| author_sort | Yun Li |
| collection | DOAJ |
| description | Infrastructure financialization is an important economic phenomenon in urbanization and urban financialization. The existing studies are mainly focused on qualitative and theoretical analysis around the world. To quantitatively evaluate the impact of infrastructure financialization on uneven regional development, this study firstly measures the characteristics of uneven regional development in China, then we use the Tobit model to analyze the impact of infrastructure financialization based on panel data from 2006 to 2019. The results find that infrastructure financialization plays a significant role in uneven regional development in China. Low infrastructure financialization constrains the economic growth and urbanization of underdeveloped regions. This study not only contributes to the knowledge body of global financialization theory, but also provides a scientific basis for the optimization of infrastructure development both in China and the Global South. |
| first_indexed | 2024-03-11T06:17:59Z |
| format | Article |
| id | doaj.art-2f23ea9cbdce46d9b37bc5f38d595626 |
| institution | Directory Open Access Journal |
| issn | 2073-445X |
| language | English |
| last_indexed | 2024-03-11T06:17:59Z |
| publishDate | 2023-03-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Land |
| spelling | doaj.art-2f23ea9cbdce46d9b37bc5f38d5956262023-11-17T12:07:19ZengMDPI AGLand2073-445X2023-03-0112364110.3390/land12030641Examining the Impact of Infrastructure Financialization on Uneven Regional Development: Evidence from ChinaYun Li0Ming Xu1Juncheng Dai2Zhenshan Yang3Zhe Cheng4School of Public Administration, Xi’an University of Architecture and Technology, Xi’an 710055, ChinaInstitute of Industrial Economics, Chinese Academy of Social Sciences, Beijing 100006, ChinaCultural Economics Research Institute, Central University of Finance and Economics, Beijing 100081, ChinaInstitute of Geographical Sciences and Natural Resources Research, Chinese Academy of Sciences, Beijing 100101, ChinaSchool of Public Administration, Xi’an University of Architecture and Technology, Xi’an 710055, ChinaInfrastructure financialization is an important economic phenomenon in urbanization and urban financialization. The existing studies are mainly focused on qualitative and theoretical analysis around the world. To quantitatively evaluate the impact of infrastructure financialization on uneven regional development, this study firstly measures the characteristics of uneven regional development in China, then we use the Tobit model to analyze the impact of infrastructure financialization based on panel data from 2006 to 2019. The results find that infrastructure financialization plays a significant role in uneven regional development in China. Low infrastructure financialization constrains the economic growth and urbanization of underdeveloped regions. This study not only contributes to the knowledge body of global financialization theory, but also provides a scientific basis for the optimization of infrastructure development both in China and the Global South.https://www.mdpi.com/2073-445X/12/3/641infrastructure financializationtobit modeluneven regional developmentfinancial geographyurbanizationChina |
| spellingShingle | Yun Li Ming Xu Juncheng Dai Zhenshan Yang Zhe Cheng Examining the Impact of Infrastructure Financialization on Uneven Regional Development: Evidence from China Land infrastructure financialization tobit model uneven regional development financial geography urbanization China |
| title | Examining the Impact of Infrastructure Financialization on Uneven Regional Development: Evidence from China |
| title_full | Examining the Impact of Infrastructure Financialization on Uneven Regional Development: Evidence from China |
| title_fullStr | Examining the Impact of Infrastructure Financialization on Uneven Regional Development: Evidence from China |
| title_full_unstemmed | Examining the Impact of Infrastructure Financialization on Uneven Regional Development: Evidence from China |
| title_short | Examining the Impact of Infrastructure Financialization on Uneven Regional Development: Evidence from China |
| title_sort | examining the impact of infrastructure financialization on uneven regional development evidence from china |
| topic | infrastructure financialization tobit model uneven regional development financial geography urbanization China |
| url | https://www.mdpi.com/2073-445X/12/3/641 |
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