Identifying Spatial Heterogeneity in the Effects of High-Tech Firm Density on Housing Prices:Evidence from Guangdong-Hong Kong-Macao Greater Bay Area,China

Innovation capitalization is a new concept in innovation geography research.Extant research on a city scale has proven that innovation is an important factor affecting housing prices and verified that innovation has a capitalization effect.However,few studies investigate the spatial heterogeneity of innovation capitalization.Thus,case verification at the urban agglomeration scale is needed.Therefore,this study proposes a theoretical framework for the spatial heterogeneity of innovation capitalization at the urban agglomeration scale.Examining the Guangdong-Hong Kong-Macao Greater Bay Area(GHMGBA),China as a case study,the study investigated the spatial heterogeneity of the influence of high-tech firms,representing innovation,on housing prices.This work verified the spatial heterogeneity of innovation capitalization.The study constructed a data set influencing housing prices,comprising 11 factors in 5 categories(high-tech firms,convenience of living facilities,built environment,the natural environment,and the fundamentals of the districts)for 419 subdistricts in the GHMGBA.On the global scale,the study finds that high-tech firms have a significant and positive influence on housing prices,with the housing price increasing by 0.0156%when high-tech firm density increases by 1%.Furthermore,a semi-geographically weighted regression(SGWR)analysis shows that the influence of high-tech firms on housing prices has spatial heterogeneity.The areas where high-tech firms have a significant and positive influence on housing prices are mainly in the GuangzhouFoshan metropolitan area,western Shenzhen-Dongguan,north-central Zhongshan-Nansha district,and Guangzhou—all areas with densely distributed high-tech firms.These results confirm the spatial heterogeneity of innovation capitalization and the need for further discussion of its scale and spatial limitations.The study offers implications for relevant GHMGBA administrative authorities for spatially differentiated development strategies and housing policies that consider the role of innovation in successful urban development.

The Impact of the Establishment of National High-tech Zones on Total Factor Productivity of Chinese Enterprises

The National High-tech Zone(NHTZs)is an important strategic platform for cultivating high-tech industries and realizing high-quality economic development in China.Based on the combined data from 2006 to 2014 of the industrial enterprise database,the customs database,and the China Development Zones Audit and Announcement Catalogue(abbreviated asthe Catalogue),this paper systematically investigates the influence of the construction of NHTZs on enterprise’s total factor productivity(TFP).Results show that NHTZs have a positive impact on the TFP of enterprises in the zone,and this conclusion is still valid after considering endogeneity problems.Furthermore,the above productivity effects of NHTZs are heterogeneous in terms of enterprise ownership,external environment and establishment time,and NHTZs have greater stimulation effects on enterprise productivity after comparing with other types of functional zones.An investigation of the specific mechanisms at play shows that NHTZs promote the TFP of enterprises in the zone through the release of preferential policies,strengthening the“technology spillover effects”of imported intermediate goods,enhancing enterprise’s innovation ability and attracting talent.In addition,based on the decomposition of industry productivity,this paper also investigates the impact of NHTZs on changes in industry productivity and finds that NHTZs promote the overall productivity of specific industries mainly by stimulating the productivity improvement of incumbent enterprises and expanding the market share of high-productivity enterprises.Moreover,the preferential policies of NHTZs do not significantly stimulate high-productivity enterprises to enter the zones,nor do they cause low-productivity enterprises to exit.This research is helpful in objectively evaluating the economic effects of the NHTZs in China and in providing a theoretical basis for its further adjustment.

Strategic equilibrium price analysis and numerical simulation of preponderant high-tech metal mineral resources

Based on exploitation compensation value system of preponderant high-tech metal mineral resources and distortion of pricing mechanism, social utility function was constructed to modify decision utility function of developers, and was extended to Stackelberg production decision model of preponderant high-tech metal mineral resources development. Analyzing the influences on market monopoly, output and price decision-making exerted by altruistic preferences, inequity aversion and sequential reciprocity fairness belief equilibrium, game fairness equilibrium which is significant in experimental economics can be obtained and verified by numerical simulation. In process of strategic pricing, method that uses the variation of producer surplus to measure strategic value from psychological preferences was proposed for the first time and technical support to improve exploitation compensation value system of preponderant metal mineral resources was available.

论英国建筑技术美学谱系中传统与新统的博弈—以High-Tech建筑技术美学为例

传统与新统的博弈贯穿英国建筑技术美学谱系二百余年的发展历程。本文以High-Tech建筑技术美学为例,以其角色转换为切入点,对英国建筑技术美学谱系发展过程中普遍存在的演进规律加以研究,得出传统与新统的博弈既构成英国建筑技术美学谱系发展的基本语言又是其演进主要动力的结论,并为中国的建筑技术美学研究提供相关借鉴和思考。

Spatial Evolution and Locational Determinants of High-tech Industries in Beijing

Using datasets on high-tech industries in Beijing as empirical studies, this paper attempts to interpret spatial shift of high-tech manufacturing firms and to examine the main determinants that have had the greatest effect on this spatial evolution. We aimed at merging these two aspects by using firm level databases in 1996 and 2010. To explain spatial change of the high-tech firms in Beijing, the Kernel density estimation method was used for hotspot analysis and detection by comparing their locations in 1996 and 2010, through which spatial features and their temporal changes could be approximately plotted. Furthermore, to provide quantitative results, Ripley′s K-function was used as an instrument to reveal spatial shift and the dispersion distance of high-tech manufacturing firms in Beijing. By employing a negative binominal regression model, we evaluated the main determinants that have significantly affected the spatial evolution of high-tech manufacturing firms and compared differential influence of these locational factors on overall high-tech firms and each sub-sectors. The empirical analysis shows that high-tech industries in Beijing, in general, have evident agglomeration characteristics, and that the hotspot has shifted from the central city to suburban areas. In combination with the Ripley index, this study concludes that high-tech firms are now more scattered in metropolitan areas of Beijing as compared with 1996. The results of regression model indicate that the firms′ locational decisions are significantly influenced by the spatial planning and regulation policies of the municipal government. In addition, market processes involving transportation accessibility and agglomeration economy have been found to be important in explaining the dynamics of locational variation of high-tech manufacturing firms in Beijing. Research into how markets and the government interact to determine the location of high-tech manufacturing production will be helpful for policymakers to enact effective policies toward a more efficient urban spatial structure.

A LOCATIONAL COMPARATIVE STUDY ON HIGH-TECH INDUSTRIAL ZONES IN CHINA

There are three ports in this poper.Part I is involved in discussion of threeessential soft factors acting at development of high-tech industry-location,nctworkand comptehensive factors.It strobes the role of brains and practical capeity inhigh-tech development,clarifying the same importance of qualified personnel networkas information network,elucidating both intemal and external impetus Part II dealswith locatkinal comparison among high-tech industrial zones in Ch;. for which anAnalysis of Hierarchy Process (AHP) method is used. Upe esults, Chinesehigh-tech industrial zones are divided into four grades. The las. p proposes four aspects as implementation measures for high-tech industrial zone in China.

A Study on Theoretical Model and Applied Evaluation of Land Use Performance of High-tech Zone in Urban Fringe: A Case Study in Haidian District, Beijing

High-tech industrial zone is an important carrier for constructing innovative cities. It also plays an important role in implementing the national independent innovative strategy. How-ever, most of the high-tech industrial zones have many problems in their development process, such as efficiency of land use, weakness of oriented function and lack of land intensive. To solve these problems, the authors of this paper introduced the concept of land use performance and established the theoretical model to assess the land use performance of high-tech industrial zones. The model consists of the following three-dimensional parts: land use benefit, land use efficiency and innovative function. Based on this theory model, an index system which was composed of three secondary indictors, eight tertiary indictors and 37 fourth-grade indictors was set up to evaluate the land use performance of high-tech zone. To avoid the defects of plus model and function model, the authors brought out a three-dimensional evaluation model to examine the index of the land use performance of the high-tech industrial parks, which equals to the evaluation indicator system of land use performance of high-tech zone based on the above research. The authors examined the land use performance of five different high-tech industrial parks in Haidian District, Beijing City. The results indicated that the indicator system per-forms better in the aspect of evaluating land use benefit, land use efficiency and function of the high-tech industrial zone compared with other models.

The Role of China's High-Tech Zones in Its Regional Economic Development

National high-tech industrial development zones represent a major strategy of the Chinese government in developing high-tech industries and spurring regional economic growth. The effect of this policy is yet to be proven. Based on the panel data of 283 Chinese cities between 1984 and 2012, this paper investigates the effect of high-tech zones on regional economic development. Empirical results suggest that first, national hightech zones have remarkably enhanced regional GDP and per capita GDP growth, and this conclusion still holds true after multiple rounds of robustness test; second, the economic effect of national high-tech zones is subject to diminishing marginal return and compared with higher-tier cities, lower-tier cities benefited more from the creation of national hightech zones. This paper concludes that national high-tech zones where special policies are experimented and offered not only drive economic development but, if properly distributed across regions, may help reduce regional economic disparities as well. The results of this study provide important implications for the future distribution of national high-tech zones and the creation of other relevant policies.

Re-measuring Status of China＇s High-Tech Industries in International Division of Labor： Applying a Non-Competitive Input-Output Model

Based on a refined ＂non-competitive input-output model,＂ this paper proposes a new framework for analyzing the status of a country＇s high-tech industries in the international division of labor, i.e. calculates the index of＂ weighted value-added productivity ＂ by compiling non-competitive input-output tables which distinguish high-tech industries from traditional industries. The new method effectively avoids ＂statistical illusion＂ which stems from a biased focus on gross exports under intra-product specialization. The empirical study shows that since 1995, the status of China＇s high-tech industries has grown quickly as a result of enhanced labor productivity, but still lags behind those of major developed countries. In addition, the study also suggests that the status of China＇s high-tech industries has been over-estimated using the traditional gross export statistical method.

Spatial Pattern Evolution and Industrial Characteristics of Economic and Technological Development Zones and High-tech Industrial Zones in China

Economic and technological development zone and high-tech industrial zone are important types of development zone in China,and there are differences in their connotation and goal setting.In this paper,basic data of national and provincial economic and technological development zones and high-tech industrial zones in China were collected and arranged.Kernel density analysis and other GIS spatial analysis techniques were used to analyze the evolution laws of spatial patterns of economic and technological development zones and high-tech industrial zones in cities from 2006 to 2018.First,the agglomeration intensity was compared by measuring the degree of regional agglomeration and dispersion on the two time nodes.Next,kernel density method was used to explore the evolution of the two in the spatial layout and location,and analyze development commonness and difference of economic and technological development zones and high-tech industrial zones.Finally,the trend and reason of spatial evolution of development zones with different leading industries were explored.Research results show that:①the agglomeration degree of layout of high-tech industrial zones is stronger than that of economic and technological development zones,and there are similarities and differences in distribution trend of spatial patterns of the two types of development zones;②the distribution of labor-intensive,capital-intensive and technology-intensive development zones is concentrated at smaller scales and dispersed at larger ones;③although there are differences between the economic and technological development zones and the high-tech industrial zones in the goal,support,structure and function,management system and so on,their spatial development presents a trend of convergence.In the future,when enhancing urban-rural planning and public administration,governments should combine the trend of industrial transformation and upgrading,and optimize spatial layout of development zones by adjusting industrial structure,layout,transportation and land use.

Research on Financial Targets Sequence of Impacting on Business Value—— Based on Data Analysis from Chinese High-tech Listed Firms of Unmodified Auditing Opinions

The high-tech listed firms are not only representative for mainstream of nongovernmental businesses, but also afflux new livingness into the capital market development in China. By considering our country＇s high-tech listed firms as study object, we have disclosed different degree between diverse financial targets and business value, built a financial targets sequence model of impact on business value. The study supplies a certain extent reference to valid supervising and exalting of firms＇ financial core.

Sino-Canadian High-Tech Center of Resources and Environment

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An Analysis of Governance in Chinese High-Tech Enterprises from Specific Human Capital Perspective

The effect of specific human capital on governance was analyzed,and a governance frame was proposed based on specific human capital for high-tech enterprises.The frame takes residual rights of claimant and residual rights of control as core,including the factors of institutional environment and bargaining power.One of the important contexts of Chinese enterprises governance is ownership structure,which means that local government plays an important role in the governance.Meanwhile,the level of market development in China is low,which has an effect on corporate governance.The model of capital gains and status of human capital is explored,and it shows that all of the residual claims belonging to shareholder is only an exceptional case,and the internal factors influencing the residual claim allocation proportion of stakeholders are the scarcity in the capital market and risks born by them.Furthermore,two cases are discussed in detail to study the governance in Chinese high-tech enterprises.

Study on the comprehensive advantage evaluation method of high-tech enterprises based on RBF artificial neural network

This paper designs an intelligent evaluation approach using a Radial Basis Function （RBF） Artificial Neural Network. We based our approach on establishing a comprehensive advantage evaluating index system that offers scientific substance for creating a development plan and the strategic management of high-tech industry and regional clusters of high-tech enterprises. Furnhermore, this paper selects some typical high-tech enterprises＇ data to make comprehensive training on the network system. Meanwhile, the paper chooses some enterprises as testing samples to test the method, the result of which proves that this method is truly effective. The research of this paper provides a comprehensive advantage evaluating and managing method for high-tech enterprise.

Co-alignment between Environment Risk,Capital Structure,Growth and High-tech Firm Performance

To examine whether there is a co-alignment relationship between environment risk, capital structure, growth and high-tech firm performance, the environment risk was measured from the viewpoint of environment change, the long-term debt ratio was adopted as the measure of the capital structure, and the total asset growth and sales growth were chosen to measure the growth of high-tech firms. Regression analysis shows that there is a significant relationship between environment risk, growth and performance of hightech firms measured by the return on equity and cash flow, respectively.

Qingdao High-Tech Industrial Park

The Qingdao High-Tech Industrial Park is located in the east of the old city proper with a plan area of 67 sq km s(corresponding to two thirds of the old city). It stands between the mountains and sea, with beautiful scenery. It is adjacent to the old city proper in the west, connected to Laoshan in the east.

High-tech Interest Groups in the United States and Its Political Influence

Representing the appeals of its industry,the high-tech interest group has recently become an emerging political force in the United States.With abundant financial resources and proficiency in political communication,the group rapidly grows to be a significant force in the American political sphere.It has started to affect the internal and foreign affairs of the U.S.and played a proactive role in the latest presidential election.Since the high-tech interest group has already become and will continue to be a big player in Sino-U.S.relations,China should carefully deal with its appeals and conflict of interests,and try to develop this group into a stabilizer between the two countries.

Quality of High-Tech Product Marketing A Comparative Study Between Chinese and European Telecommunication Companies in Saudi Arabian Market

This paper specifies substantial characteristics in high-tech industry which is playing an increasingly dominant role in men＇s lives with the rapid development of high-tech industry, among which the telecommunication industry is the best example. From a macro perspective, competition has been fierce in high-tech and telecom over the past years, especially in increasingly saturated markets such as North America and Europe. In order to sustain and thrive in this market, companies have to apply various applicable strategies. The dominance of enterprises from developed nations is not a rare phenomenon. How China as a late-comer can succeed in the high-tech field is a serious issue that requires consideration. China＇s Huawei, a relatively new enterprise that has become a leader in telecom industry, boasts a perfect example in this case. This paper attempts to investigate how Huawei made its way into the telecom sector by comparing with Ericsson, a giant telecom enterprise in European market. More specifically, the paper aims to explore the most significant factors in developing a suitable marketing strategy for telecom companies in Saudi Arabia. The results of the study show that given the nature of telecom industry, innovation and customization play a crucial role in venturing in foreign nations. It can also be concluded that an overall analysis of various factors is quite essential when entering middle-eastern markets such as Saudi Arabia. This also gives China a revelation that being a late-comer is never an excuse to expand its telecom sector, instead, as long as due attention is given to enterprises＇ marketing strategies and competitiveness. Conclusions have been made about the nature, characteristics, the Saudi Arabia markets, and goals and objectives telecommunication in Saudi Arabia. Methodology has been used for stating and structuring the empirical data.

A Study of the Industrial Development in Huazhong Agricultural High-tech Industrial Development Zone

This paper illustrates the current situation and problems concerning the industrial structure in Huazhong Agricultural High-tech Industrial Development Zone,and analyzes the internal contradictions that exist in industry: small-scale land operation has become an inherent obstacle to the industrial development in Agricultural High-tech Zone; farmers are always in a passive position in industrial restructuring optimization; government's policy failures and rent-seeking behaviors have hindered industrial development; the research,popularization and application of agricultural science and technology is not suited to industrial development requirements. Finally,this paper makes the corresponding recommendations for industrial development in Huazhong Agricultural High-tech Industrial Development Zone.

Comprehensive Control Measures and Effect Evaluation of Groundwater Over-exploitation Areas in High-tech Zone,Jining in 2020

Groundwater over-exploitation is a major problem in groundwater development, utilization and protection. At present, the area of shallow groundwater over-exploitation in the High-tech Zone is 76 km^(2). In this study, the system and mechanism construction, engineering measure construction, and control effect of national comprehensive control project of groundwater over-exploitation areas in the High-tech Zone in 2020 were evaluated, and the comprehensive control of groundwater over-exploitation in the High-tech Zone in the year was summarized to provide effective basis for the continuous implementation of comprehensive control of groundwater over-exploitation. At the same time, the water-saving and exploitation reduction effect and generalizability of different measures were studied to provide useful reference for other over-exploitation areas.