{"title":"Industrial convergence, market structure, and consumption upgrading","authors":"Xiuzhen Huo, Lingfang Liu","doi":"10.1016/j.iref.2025.104388","DOIUrl":null,"url":null,"abstract":"<div><div>This study empirically examines the impact of industrial convergence on consumption upgrading and its underlying mechanisms. The findings reveal that industrial convergence significantly promotes regional consumption upgrading, with market structure and digital economy development reinforcing this positive effect. Further analysis indicates that the enhancement effect is particularly pronounced in regions with strong innovation capabilities and advanced data integration capacity. Additionally, the differential impacts of consumption tax policies and local government intervention intensity collectively shape the heterogeneous effects of industrial convergence across provinces.</div></div>","PeriodicalId":14444,"journal":{"name":"International Review of Economics & Finance","volume":"103 ","pages":"Article 104388"},"PeriodicalIF":4.8000,"publicationDate":"2025-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Review of Economics & Finance","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1059056025005519","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0
Abstract
This study empirically examines the impact of industrial convergence on consumption upgrading and its underlying mechanisms. The findings reveal that industrial convergence significantly promotes regional consumption upgrading, with market structure and digital economy development reinforcing this positive effect. Further analysis indicates that the enhancement effect is particularly pronounced in regions with strong innovation capabilities and advanced data integration capacity. Additionally, the differential impacts of consumption tax policies and local government intervention intensity collectively shape the heterogeneous effects of industrial convergence across provinces.
期刊介绍:
The International Review of Economics & Finance (IREF) is a scholarly journal devoted to the publication of high quality theoretical and empirical articles in all areas of international economics, macroeconomics and financial economics. Contributions that facilitate the communications between the real and the financial sectors of the economy are of particular interest.