The Impact of Industrial Upgrading Driven by Industrial Parks on Enterprises' New Quality Productive Forces

Chao LiMeiyi Wang^*

• Changchun Sci-Tech University, Changchun, China

Faced with mounting internal and external pressures, industrial parks—as spatial platforms centrally supporting industrial development—must shoulder the mission of guiding enterprises toward new-quality productive forces. Studying the impact of industrial upgrading driven by industrial parks on enterprises' new-quality productive forces holds significant practical importance. Industrial parks serve as vital platforms for regional economic development and significantly contribute to industrial upgrading and the improvement of enterprises' new-quality productive capacity. This study investigates the mechanisms and effects of industrial upgrading driven by industrial parks on enterprises' new-quality productive capacity, based on data from 2012 to 2022 concerning the number of industrial parks, industrial upgrading, and related enterprise information in China's prefecture-level cities. The findings demonstrate: (1) Industrial upgrading markedly boosts enterprises' new-quality productive capacity; (2) Industrial upgrading decreases the likelihood of informed transactions and encourages corporate R&D investment, thereby effectively strengthening the level of new-quality productive capacity; (3) The agglomeration effect of industrial parks markedly promotes the enhancement of new-quality productive capacity through industrial upgrading; (4) Further analysis shows that the impact of industrial upgrading on the development of new-quality productive forces in enterprises exhibits heterogeneous characteristics. This study not only enriches research on the impact of industrial upgrading on the development of new-quality productive forces but also offers practical guidance for governments to optimize industrial park policies and for enterprises to improve their new quality productive forces.