Evaluation of Innovation-driven Effect of Chinese Free Trade Pilot Zone Construction

Yiqin Zhang

doi:10.6981/FEM.202411_5(11).0014

Authors

Yiqin Zhang

DOI:

https://doi.org/10.6981/FEM.202411_5(11).0014

Keywords:

Pilot Free Trade Zone; Regional Innovation Capability; Difference-In-Differences Method; Spatial Spillover.

Abstract

The development of pilot free trade zones not only facilitates trade, but also enhances regional innovation capacity, which is an important measure to achieve high-quality economic and social development in China.This paper uses the multi-period difference-in-differences model to discuss the influence mechanism of the construction of Chinese free trade experimental zone on regional innovation capability, and evaluates its specific effect. The results show that the establishment of pilot free trade zones significantly improves regional innovation ability. Resource allocation, industrial structure upgrading and international technology spillover are important channels for the construction of pilot free trade zones to improve regional innovation capacity. With the improvement of institutional quality and infrastructure level, the construction of pilot free trade zones has a more obvious effect on improving regional innovation capacity. The establishment of the pilot free trade zone has a positive spillover effect on the surrounding areas.

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