Analysis on Formative Factors of New energy Industries Agglomeration at the Background of Digitalization-Evidence from Yangtze River Delta

Abstract

Based on the formative factors of the formation of new energy industry cluster in the Yangtze River Delta, this paper uses the location quotient and industrial agglomeration index to make a comprehensive regression analysis on the panel data of the Yangtze River Delta from 2010 to 2019, and concludes that local energy dependence, economic development level, scientific research investment and output level are the main driving factors for the formation of new energy industry cluster in the Yangtze River Delta. Therefore, we should promote the formation of new energy industry cluster by improving the level of public service facilitation, relying on digital policy development, improving the technological innovation system, accurately positioning energy dependence and demands, as well as increasing the proportion of return on investment.