Abstract
This study investigates the role of network capital in urban development by utilizing mergers and acquisitions as a flow metric to construct China's inter-urban capital flow network. First, an uneven geography of network capital is revealed, indicating regional disparity. Second, we identify a positive impact of outward- and gateway-network capital on urban economic growth. Additionally, the impact of the emergent network capital is moderated by local human capital and knowledge stock, indicating a networked agglomeration economy. The findings support a coordinative and place-based policy for fostering urban and regional development.
| Original language | English |
|---|---|
| Pages (from-to) | 406-419 |
| Number of pages | 14 |
| Journal | Regional Studies |
| Volume | 56 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - 12 Aug 2021 |
Bibliographical note
Funding Information:This research was financially supported by Hong Kong's Research Grants Council, University Grants Committee [project reference number 17207920]. The authors thank the three anonymous referees and the editor, Ben Derudder, for their constructive comments and suggestions.
Publisher Copyright:
© 2021 Regional Studies Association.
Funding
This research was financially supported by Hong Kong's Research Grants Council, University Grants Committee [project reference number 17207920]. The authors thank the three anonymous referees and the editor, Ben Derudder, for their constructive comments and suggestions.
Keywords
- China
- inter-urban capital flows
- merger and acquisitions
- network capital
- urban development
ASJC Scopus subject areas
- Urban Studies
- Finance
