The Impact of Technological Innovation and Industrial Structure Upgrading on New Urbanization: An Empirical Analysis Based on Panel Quantile Regression

Abstract

For China, new urbanization is the inevitable direction of economic transformation and modernization. Technological innovation and industrial structure upgrading are the main ways to promote new urbanization. It is a meaningful question of how the technological innovation and the upgrading of industrial structure affect the new urbanization. Based on the panel data of 30 provincial administrative units except Tibet in Mainland of China in 2010-2018, the paper builds a panel quantile regression model to explore the intensity of the impact of technological innovation and industrial upgrading on new urbanization. The empirical results show that technological innovation has a significant positive impact on new urbanization, when new urbanization changes from the low quintile to the high quintile, the marginal impact of technological innovation on the new urbanization changes from 0.6744 to 0.5983. Besides, the marginal impact of industrial structure upgrading on new urbanization changes from 0.1166 to 0.1843. Industrial upgrading can promote significantly the development of new urbanization in 0.3 - 0.9 quantiles, but the effect is not obvious in the 0.1 - 0.2 quantiles.