Understanding the Relationships Between Co-Working Spaces and Regional Policies in China: An Empirical Study Based on Multiple DID Model

The rise of information and communication technologies (ICT) has facilitated flexible working arrangements, giving rise to new workspaces like co-working spaces (CWSs). While existing research has focused on the distribution of CWSs within city, this study explores their location patterns and relationships with regional policies in China. Using data from 2015 to 2022, it employs a quasi-natural experiment at the prefecture level, primarily examining the impact of the National Innovation Demonstration Zone (NIDZ) policy. This pilot policy primarily aims to reform the science and technology innovation mechanism in the pilot cities. Notably, the research innovatively applies the multiple Difference-in-Differences (DID) model to compare CWS distribution pre- and post-policy implementation across diverse cities. The findings include the general promotion of CWS growth in NIDZs, yet with a policy focus leading to regional imbalances. Moreover, the positive effect of establishing demonstration zones on CWS growth is relatively smaller in economically developed cities. These insights shed light on the evolving dynamics and patterns of innovative activities, emphasizing the influence of regional policies on the spatial distribution of CWSs.