Journal of Guangxi Teachers Education University (Philosophy and Social Sciences Edition) ›› 2023, Vol. 59 ›› Issue (6): 100-119.doi: 10.16088/j.issn.1001-6597.2023.06.010

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Market Integration, Consumption Upgrading, and Strategic Emerging Industry Development

SHEN Jun-xi, ZHAO Lei   

  1. School of Business, Nanjing University, Nanjing 210046, China
  • Received:2023-07-05 Online:2023-11-15 Published:2023-12-22

Abstract: Accelerating the construction of a unified domestic market has become a fundamental goal in building a new development pattern, playing an important role in promoting the optimization and upgrading of consumption structure and strengthening the development of strategic emerging industries. This paper, based on the total factor productivity data measured by 800 strategic emerging enterprises in China from 2013 to 2021, analyzes and explores the impact of market integration on the development of strategic emerging industries and the mediating effect of consumption upgrading in the two impact mechanisms from both theoretical and empirical perspectives. The results show that market integration has a significant promoting effect on the development of strategic emerging industries, and consumption upgrading also plays an important mediating effect in the impact mechanism between the two; heterogeneity analysis shows that the integration level of the eastern region and factor markets has a more significant promoting effect on the development of emerging industries, while the existence of trade barriers in commodity markets inhibits the development of emerging industries. Therefore, building a unified national market is conducive to unblocking China’s internal circulation system and is the main force in accelerating the development of strategic emerging industries.

Key words: market integration, consumption upgrading, strategic emerging industries, total factor productivity

CLC Number:  F120.4
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