Network capital and urban development: an inter-urban capital flow network analysis

Shuai Shi; Siu Kei Wong; Chen Zheng

doi:10.1080/00343404.2021.1955098

Network capital and urban development: an inter-urban capital flow network analysis

Shuai Shi, Siu Kei Wong, Chen Zheng

Management

Chinese University of Hong Kong

Research output: Contribution to journal › Article › peer-review

47 Citations (SciVal)

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	https://doi.org/10.1080/00343404.2021.1955098
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.

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth
SDG 11 Sustainable Cities and Communities

Keywords

China
inter-urban capital flows
merger and acquisitions
network capital
urban development

ASJC Scopus subject areas

Urban Studies
Finance

Access to Document

10.1080/00343404.2021.1955098

https://centaur.reading.ac.uk/98964/

Cite this

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title = "Network capital and urban development: an inter-urban capital flow network analysis",

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.",

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AU - Wong, Siu Kei

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N1 - 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.

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Y1 - 2021/8/12

N2 - 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.

AB - 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.

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KW - urban development

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SP - 406

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JO - Regional Studies

JF - Regional Studies

IS - 3

ER -

Network capital and urban development: an inter-urban capital flow network analysis

Abstract

Bibliographical note

Funding

UN SDGs

Keywords

ASJC Scopus subject areas

Access to Document

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