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Academic Journal of Business & Management, 2024, 6(3); doi: 10.25236/AJBM.2024.060326.

Fiscal Competition, Industrial Structure Upgrading and Economic Growth—An Empirical Analysis Based on the Yangtze River Delta Region


Chen Yao

Corresponding Author:
Chen Yao

School of Finance and Public Administration, Anhui University of Finance and Economics, Bengbu, 233030, China


This paper selects the panel data of 26 prefecture-level cities in the Yangtze River Delta from 2011 to 2019, uses the adjacency matrix and economic geographical distance matrix to construct the spatial Durbin model, and empirically tests the spatial spillover effect of fiscal competition on economic growth. The results show that: economic growth has the characteristics of spatial agglomeration, and both fiscal competition and industrial structure upgrading have spatial spillover effect on economic growth; the indirect effect coefficient of the two on the spatial spillover of economic growth is greater than the direct effect coefficient; the proportion of fixed asset investment and human capital level are positively correlated with the economic growth of the province, and have positive spatial spillover to adjacent cities. This paper provides reference for the formulation of policies related to government investment, talent introduction and industrial structure transformation and upgrading.


economic growth; fiscal competition; industrial structure upgrading; spatial Durbin model; Yangtze River Delta

Cite This Paper

Chen Yao. Fiscal Competition, Industrial Structure Upgrading and Economic Growth—An Empirical Analysis Based on the Yangtze River Delta Region. Academic Journal of Business & Management (2024) Vol. 6, Issue 3: 210-217. https://doi.org/10.25236/AJBM.2024.060326.


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