The Impact of Commerce Circulation Agglomeration on China's Production Efficiency

摘要

By means of Chinese provincial data from 2003 to 2015, this paper conducts an empirical investigation into the impact of commerce circulation agglomeration on its production efficiency. The empirical results show that, in general, the agglomeration of commerce circulation promotes the development of its production efficiency. Taking into consideration the huge differences of commerce circulation agglomeration and its production efficiency in different regions of China, regression analysis has been further carried out by dividing the region into several parts. The empirical results show that the agglomeration of commerce circulation has a significant positive effect on the development of production efficiency in the central region and a limited influence on the eastern and western regions. In addition, other factors such as the level of financial development, innovation capacity, foreign capital inflows, and traffic conditions will also affect the efficiency of commercial circulation industry significantly.