Exploring the Role of “Double Cycle” and Industrial Structure in High-Quality Economic Development in China

Abstract

The outbreak of the new crown epidemic has impacted the global industrial chain and caused significant changes in the world economic and political landscape. In the post-epidemic era, promoting high-quality economic development (HQED) has become an important issue. The study selects the spatial econometric model and mediating effect model to verify the role of industrial upgrading in the double cycle for HQED, and concludes as follows: (1) “double cycle” can significantly promote HQED, and there is a significant spatial effect of the double cycle; industrial structure upgrading “ can significantly promote HQED, and there is a significant spatial effect of industrial structure upgrading, which may have a positive impact on the neighboring regions; (2) domestic circulation can promote HQED in the region, but the spatial effect is not significant; international circulation can not only promote HQED in the region, but also promote HQED in neighboring regions . There is a significant positive spatial effect of industrial structure upgrading. (3) The industrial structure upgrading plays a part in the mediating effect of the “double cycle” on the HQED. This study has important implications for the realization of HQED in Chinese regions.