Industrial transformation is the key to urban transformation. It is also considered to be one of the important ways to reduce resource consumption and improve environmental quality. However, industrial transformation is often constrained by local resource endowments. Based on the panel dataset of 283 Chinaâ€™s cities. This paper analyzed the effect of resource endowment on industrial transformation under the background of market-oriented reform by using several econometric methods. We found that resource endowments have a nonlinear impact on the industrial structure under different marketization levels. We confirm that resource endowment has lock-in effect on industrial transformation, and Chinaâ€™s market-oriented reform can alleviate such lock-in effect. Based on these findings, we propose several target policy suggestions to promote industrial transformation.
Keywords Resource endowment; Market-oriented reform; Industrial transformation; China