As an important institutional framework designed to bolster enterprises' independent innovation capabilities and optimize industrial structures, high-tech industrial development zones hold substantial economic significance. In 2009, a policy was introduced to facilitate the transformation of provincial high-tech industrial development zones into national high-tech industrial development zones. In this study, we treat the 'upgrading to promote construction' policy as a 'quasi-natural experiment' and evaluate its impact on enterprise innovation using data from publicly listed companies between 2009 and 2018 in Guangdong and Guangxi. The findings of this research indicate that the 'upgrading to promote construction' policy has yielded significant and enduring positive effects on enterprise innovation within the two regions. Through an in-depth analysis of the empirical results, we elucidate the innovation incentive generated by the 'promotion for construction' policy in high-tech zones and offer policy recommendations pertaining to high-tech zone development and its potential benefits for enterprise innovation.

Lingyun Song, Ziqian Chen. A Study on the Impact of the Policy of "Promoting Construction by Promotion" in High-tech Zones on the Innovation of Enterprises in the Guangdong and Guangxi Provinces. The Frontiers of Society, Science and Technology (2023) Vol. 5, Issue 18: 35-41. https://doi.org/10.25236/FSST.2023.051806.

[1] Li, Qiang., Han, Botang. Research on Industrial agglomeration Measurement of China High-Tech Zones[J]. China Journal of Management Science, 2007, 72(4):130-137.

[2] Wang, Bing., Nie, Xin. Industrial Agglomeration and Environmental Governance: The Power or Resistance—Evidence from a Quasi-natural Experiment of Establishment of the Development Zone[J]. China Industrial Economics, 2016, 345(12): 75-89.

[3] Wang, J. “The Economic Impact of Special Economic Zones: Evidence from Chinese Municipalities”[J]. Journal of Development Economics, 2013, 101(1): 133~147.

[4] Khwaja, A., I., Mian, A. “Do Lenders Favor Politically Connected Firms? Rent Provision in an Emerging Financial Market”[J]. The Quarterly Journal of Economics, 2005, 120 (4): 1371~1411.

[5] Wang, Shengguan. National Role of High-Tech Industrial Development Zone in Chine[J]. Bulletin of Chinese Academy of Sciences, 2012, 27(6): 678-696.

[6] Jiang, Cailou. Empirical Study on Locational Conditions, Central Policies, and Performance of High-Tech Zones[J]. The Journal of World Economy, 2009, 41(5): 56-64.

[7] Liu, Ruiming. Did National High-Tech Zones Promote Regional Economic Development? Verification Based on the Double Difference Method[J]. Management World, 2015, 263(8): 30-38.

[8] Xu, Wei., Xu, Wu. Evaluation on Innovation Efficiency of High-Tech Zones in 6 Major Urban Agglomerations—Based on DEA Model and Malmquist Index Analysis[J]. Science & Technology for Development, 2019, 15(9): 1004-1011.

[9] Liu, Fan. An Empirical Study on the Influence of Foreign Trade and High-tech Enterprises in National High-Tech Zones on Innovation Efficiency[J]. Science & Technology Progress and Policy, 2019, 36(24): 37-44.

[10] Zhang, Jie. The Incentive Effects of China's High-Tech Zone "Promotion through Upgrading" Policy on Enterprise Innovation[J]. Management World, 2021, 37(7): 76-91+6

[11] Li, Rong. Research on Innovation Ability Discrepancy of National High-Tech Zone[J]. Reform of Economic System, 2018, 21(6): 45-50.

[12] Wang, Qiao., Wang, She. The Mechanism and Effect Identification of the Impact of National High-Tech Zones on Urban Green Innovation Efficiency: Based on A DID Test[J]. China Population. Resources and Environment, 2020, 30(2): 129-137.

[13] Yan, Guoyun., Yan, Hongbing. Development Zones and Corporate Innovation: Data Based on China Development Zone Audit Announcement Catalog[J]. Foreign Economics and Management, 2020, 42(9): 32-46.

[14] Yuan., Hang., Yuan, Chengliang. Do National High-Tech Zones Promote the Transformation and Upgrading of China's Industrial Structure[J]. China Industrial Economics, 2018, 32(8): 60-77.

[15] Liu, Shiyuan. Whether Tax Incentives Stimulate Corporate Innovation: Empirical Evidence Based on Corporate Life Cycle Theory[J]. Economic Research Journal, 2020, 55(6): 105-121.

[16] Yang, Guochao. The Incentive Effect and Catering Effect of Tax-reduction Policy for High-Tech Enterprises[J]. Economic Research Journal, 2020, 55(9): 174-191.

[17] Judy, Chan., Michael J. “Big Bad Banks? The Winners and Losers from Bank Deregulation in the United States”[J]. Journal of Economic Surveys, 2013, 22(3): 736~759.