Opportunities or risks? Venture capital investments and regional path creation: Evidence from China
从演化经济地理视角，研究发现中国风险投资显著促进区域产品扩张，核心城市和边缘城市均受益，但未必能打破落后地区的路径锁定以增强经济韧性，提醒政策制定者关注风险投资导致的不均衡发展。
Venture capital, as an expectation of investors, has become an important vehicle for regional financialization. From the perspective of evolutionary economic geography, we figure out that venture capital investments in China significantly contribute to regional product expansion. Such a positive effect is not only concentrated in the core cities in the investment network but also benefits the periphery counterparts. However, venture capital investments may not completely break the path lock-in of left-behind regions to enhance their economic resilience. In this sense, the uneven geographic development led by venture capital should raise the awareness of policymakers and planners.