Research on Spatial Spillover Effect of Total Factor Productivity in Construction Industry: Evidence from Yangtze River Delta Region in China
- 1 School of Economics and Management, Anhui Jianzhu University, Hefei, China
Abstract
Based on the panel data of construction industry in The Yangtze River Delta region from 2007 to 2020, the Malmquist index method was used to measure the Total Factor Productivity of construction industry in the Yangtze River Delta region, and the Spatial Durbin Model was constructed to study the spatial spillover effect of total factor productivity of construction industry. The empirical results show that the average growth rate of Total Factor Productivity is 1.39% when the technological progress index of construction industry increases by one percentage point, and technological innovation is the inexhaustible source of promoting the growth of Total Factor Productivity. The Total Factor Productivity of construction industry in Yangtze River Delta region has significant Spatial correlation, environmental regulation, human capital, industrial scale, industrial structure and the level of open has a positive influence in promoting the total factor productivity, while the spillover of economic level will hinder the growth of total factor productivity in the construction industry in the region but promote the neighboring regions. Improving the intensity of environmental regulation can help to force enterprises to realize independent innovation, increase research and development investment and human capital investment, maintain reasonable factor allocation, speed up innovation-driven high-quality development, and promote comprehensively technological level of China’s construction industry.
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