High-tech Industry Cluster and Urban Economic Growth

Abstract

The role of high-tech industries in promoting urban economic development has become increasingly prominent. On the basis of measuring specialized agglomeration and diversified agglomeration of high-tech industries, this paper selects variables such as total factor productivity, human capital, marketization level, fixed capital investment and foreign direct investment to construct a high-tech industrial agglomeration and urban economic growth model. The regression results show that the level of high-tech industry agglomeration, total factor productivity, human capital, market-oriented, fixed asset investment, foreign direct investment and so on play a catalytic role in China's urban economy. In developing high-tech industries, cities should play their respective strengths and avoid weaknesses in order to ensure a stable development of high-tech industries.