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REGIONAL DIFFERENCES, DYNAMIC EVOLUTION AND DRIVING FACTORS OF GLOBAL INTERCITY INVESTMENT LEVELS IN THE YANGTZE RIVER DELTA |
GAO Peng1, NING Yue-min2, HE Dan2,3,4 |
1. Institute for Global Cities, Shanghai Normal University, Shanghai 200234, China; 2. School of Geographic Sci- ences, East China Normal University, Shanghai 200241, China; 3. The Center for Modern Chinese City Studies, East China Normal University, Shanghai 200062, China; 4. Research Center for China Administrative Division, East China Normal University, Shanghai 200241, China |
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Abstract Based on the data of enterprises' transnational equity investment, this paper employs a comprehensive methodology including social network analysis, bivariate spatial autocorrelation analysis, Dagum spatial Gini coefficient, Markov chain analysis, and spatial panel Durbin model to explore the regional differences, dynamic evolution and driving factors of global intercity investment levels in the Yangtze River Delta (YRD) from 2003 to 2022. The findings indicate: 1) The global intercity investment levels in the YRD exhibit significant regional differences, characterized by a core-periphery structure centered around Shanghai and supported by the Shanghai-Hefei, Shanghai-Hangzhou, and Hangzhou-Ningbo development corridors; the relative differences have been narrowed, and the inter-regional differences are the main source of the relative differences. 2) Cities exhibit stability in maintaining their existing investment levels, with a low probability of achieving leapfrog transitions. There is a clear club convergence effect and spatial spillover effect. 3) Globalization, marketization and localization factors collectively drive the spatiotemporal evolution of global intercity investment levels in the YRD. The levels are not only directly influenced by local factors within each city but also indirectly affected by neighboring cities.
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Received: 19 March 2024
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Corresponding Authors:
10.13959/j.issn.1003-2398.2025.02.011
E-mail: dhe@re.ecnu.edu.cn。
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