Influence Mechanisms and Spatial Spillover Effects of Technological Innovation on New Urbanization

Abstract

Sustainable and high-level new urbanization cannot be achieved without the drive of technological innovation. By collecting data from 282 prefecture-level cities in China from 2007 to 2020, this paper used a two-way fixed effects model and spatial Durbin model to analyze the influence mechanisms and spatial spillover effects of technological innovation on new urbanization respectively. The research conclusions are as follows: (1) Technological innovation affects new urbanization positively and heterogeneously due to geographical location, city ranking, and city size. The threshold test reflects that the impact of technological innovation on new urbanization has the characteristic of weakening along with crossing double thresholds. (2) Technological and financial constraints are two critical variables that positively moderate how technological innovation affects new urbanization. (3) The spatial effect of technological innovation on new urbanization is significant. However, the impact intensity is inversely proportional to the geographical distance between cities, with an estimated spatial attenuation boundary of approximately 350 kilometers. Therefore, this paper proposes adhering to innovation-driven development, synchronizing the technological market with new urbanization, formulating differentiated policies in different regions, and using locational advantages well.