Micro-pathways to Technology Spillover in Industrial Agglomerations: Evidence from Manufacturing Enterprises in Guangdong Province

Abstract

Abstract: Under the "new normal" economy, the driving force of industrial agglomeration has gradually shifted from factor- and investment-driven to innovation-driven economic growth. This article uses the local and global industrial clustering indices based on the density accumulation function to measure overall industrial agglomeration. The authors then adopt the system GMM (generalised method of moments) model to analyse the technology spillover effect of industrial agglomeration. Findings have identified three pathways of technology spillover: spatial agglomeration, specialisation spillover and technological networks. Enterprises at the centre of industrial agglomerations have stronger technological innovation capabilities. Specialisation agglomeration has a significantly positive impact on technological innovation. Technology cooperation networks have a significantly positive impact on improving technological innovation and thus form an important pathway for technology spillover in industrial agglomerations.