The Spatial Interaction Effect of Green Spaces on Urban Economic Growth: Empirical Evidence from China

Abstract

This paper measures the impact of urban green space construction rate on urban economic growth from the perspective of spatial interaction. To this end, we collect panel data of 31 provincial capital cities in China from 2001 to 2020 and use spatial economics models for empirical testing. The research results are summarized as follows: the level of green space construction can attract talents and investment by improving the environmental level of the city, and these financial expenditures, foreign investment, and talents are conducive to urbanization, thus having a significant positive impact on urban economic development. In addition, it also has a significant positive spatial spillover effect. In addition, the construction of urban green space will also stimulate the environmental protection of neighboring cities, which has a significant positive spatial dependence. At this time, talents and investment are affected by the environmental construction of neighboring cities, and the economic development of the city has also been significantly improved. The spatial spillover effect of green space construction on the economic level of surrounding cities is also positive. The empirical conclusions provide references for implementing green development strategies and promoting high-quality economic development.