Ziyuan Kexue (Mar 2024)
Impact of market integration on the high-quality economic development of the Yellow River Basin
Abstract
[Objective] Accelerating the construction of a unified market is an important driving force for the implementation of the ecological protection and high-quality development strategy of the Yellow River Basin, and the impact and mechanism of market integration on the high-quality economic development of the Yellow River Basin can provide theoretical support and policy reference for the high-quality economic development of the Yellow River Basin. [Methods] The panel data of 69 prefecture-level cities flowing through the Yellow River Basin from 2011 to 2020 were selected as samples, and the impact of market integration on the high-quality development of regional economy and its mechanism and heterogeneity were explored by using the two-way fixed effect model, the intermediary model and the threshold model. [Results] (1) Market integration can significantly promote the high-quality economic development of the Yellow River Basin, and the high-quality economic development level of the Yellow River Basin can be increased by 0.579 units for every 1 unit increase in the degree of market integration. (2) Improving infrastructure, factor flow, and upgrading industrial structure are important mechanisms for market integration to promote high-quality economic development in the Yellow River Basin region. (3) There is a significant single threshold effect of economic agglomeration, and when the degree of economic agglomeration exceeds the threshold value of 0.020, the role of market integration in promoting the high-quality economic development of the Yellow River Basin is reduced. (4) There is regional heterogeneity in the promotion of market integration on the high-quality economic development of the Yellow River Basin, and the market integration of small and medium-sized cities has a stronger role in promoting the high-quality economic development, while the market integration of megacities inhibits its high-quality economic development. [Conclusion] It is necessary to accelerate the construction of market integration in the Yellow River Basin, improve the infrastructure in the basin, smooth the flow of factors, promote the upgrading of industrial structure, reasonably control the size of cities and the degree of economic agglomeration, and give full play to the high-quality dividend effect of market integration with the help of policies and local conditions.
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