Research on the impact and mechanism of financial development on new urbanization: A case study of the Yangtze River Economic Belt

Based on panel data of 108 cities in China’s Yangtze River Economic Belt from 2003 to 2019, a multiple mediation model is used in this study to assess the impact and mechanism of financial development on new urbanization. The main conclusions are that financial development can directly promote the i...

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Detalles Bibliográficos
Autores principales: Liu, Yaobin, Guo, Yan, Xie, Dejin, Xiao, Xiaodong, Hu, Weihui
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2023
Materias:
Research Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10414670/
https://www.ncbi.nlm.nih.gov/pubmed/37561678
http://dx.doi.org/10.1371/journal.pone.0289758
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author Liu, Yaobin
Guo, Yan
Xie, Dejin
Xiao, Xiaodong
Hu, Weihui
author_facet Liu, Yaobin
Guo, Yan
Xie, Dejin
Xiao, Xiaodong
Hu, Weihui
author_sort Liu, Yaobin
collection PubMed
description Based on panel data of 108 cities in China’s Yangtze River Economic Belt from 2003 to 2019, a multiple mediation model is used in this study to assess the impact and mechanism of financial development on new urbanization. The main conclusions are that financial development can directly promote the improvement of new urbanization and indirectly improve the level of new urbanization by increasing infrastructure investment, optimizing industrial structure, and enhancing human capital. Further, the financial development of middle-upstream cities has a stronger promoting effect on new urbanization. Whereas the financial development of downstream cities mainly promotes the construction of new urbanization through both infrastructure investment and industrial structure optimization, middle-upstream cities rely more solely on infrastructure investment.
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spelling pubmed-104146702023-08-11 Research on the impact and mechanism of financial development on new urbanization: A case study of the Yangtze River Economic Belt Liu, Yaobin Guo, Yan Xie, Dejin Xiao, Xiaodong Hu, Weihui PLoS One Research Article Based on panel data of 108 cities in China’s Yangtze River Economic Belt from 2003 to 2019, a multiple mediation model is used in this study to assess the impact and mechanism of financial development on new urbanization. The main conclusions are that financial development can directly promote the improvement of new urbanization and indirectly improve the level of new urbanization by increasing infrastructure investment, optimizing industrial structure, and enhancing human capital. Further, the financial development of middle-upstream cities has a stronger promoting effect on new urbanization. Whereas the financial development of downstream cities mainly promotes the construction of new urbanization through both infrastructure investment and industrial structure optimization, middle-upstream cities rely more solely on infrastructure investment. Public Library of Science 2023-08-10 /pmc/articles/PMC10414670/ /pubmed/37561678 http://dx.doi.org/10.1371/journal.pone.0289758 Text en © 2023 Liu et al https://creativecommons.org/licenses/by/4.0/This is an open access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
spellingShingle Research Article
Liu, Yaobin
Guo, Yan
Xie, Dejin
Xiao, Xiaodong
Hu, Weihui
Research on the impact and mechanism of financial development on new urbanization: A case study of the Yangtze River Economic Belt
title Research on the impact and mechanism of financial development on new urbanization: A case study of the Yangtze River Economic Belt
title_full Research on the impact and mechanism of financial development on new urbanization: A case study of the Yangtze River Economic Belt
title_fullStr Research on the impact and mechanism of financial development on new urbanization: A case study of the Yangtze River Economic Belt
title_full_unstemmed Research on the impact and mechanism of financial development on new urbanization: A case study of the Yangtze River Economic Belt
title_short Research on the impact and mechanism of financial development on new urbanization: A case study of the Yangtze River Economic Belt
title_sort research on the impact and mechanism of financial development on new urbanization: a case study of the yangtze river economic belt
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10414670/
https://www.ncbi.nlm.nih.gov/pubmed/37561678
http://dx.doi.org/10.1371/journal.pone.0289758
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