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Assessing economic performance of the three major urban agglomerations in China by using Malmquist productivity index

Assessing economic performance of the three major urban agglomerations in China by using Malmquist productivity index
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摘要 Forty years of reform and opening up,China has become to the world’s second-largest economy with great success.However,it is an undoubted actuality that the economic mode of Chinese development is still at the extensive stage.China’s economy has shifted from a high-speed growth phase to a high-quality development phase.In this study,we analyzed three major urban agglomerations’total factor productivity index dynamically by means of Malmquist productivity i?ndex method.The results showed that MPI of Beijing-Tianjin-Hebei urban agglomeration was the highest,as the reasons of the effectiveness of dual-wheel driving both the technology progress and the cluster scale.The mean of MPI of Yangtze River Delta urban agglomeration was fallen into decline by an average of 1.3%annually due to the rate of increase of the size of the cluster towards to optimal frontier was inferior to the relative risk reduction of technology progress.Pearl River Delta urban agglomeration MPI declined by an average of 2.2%annually as a result of the contribution of technology progress reducing.The study of the economic performance of three major urban agglomerations provides a theoretical basis and important practical value for urban development of high quality optimization. Forty years of reform and opening up, China has become to the world’s second-largest economy with great success. However, it is an undoubted actuality that the economic mode of Chinese development is still at the extensive stage. China’s economy has shifted from a high-speed growth phase to a high-quality development phase. In this study, we analyzed three major urban agglomerations’ total factor productivity index dynamically by means of Malmquist productivity i?ndex method. The results showed that MPI of Beijing-Tianjin-Hebei urban agglomeration was the highest, as the reasons of the effectiveness of dual-wheel driving both the technology progress and the cluster scale. The mean of MPI of Yangtze River Delta urban agglomeration was fallen into decline by an average of 1.3% annually due to the rate of increase of the size of the cluster towards to optimal frontier was inferior to the relative risk reduction of technology progress. Pearl River Delta urban agglomeration MPI declined by an average of 2.2% annually as a result of the contribution of technology progress reducing. The study of the economic performance of three major urban agglomerations provides a theoretical basis and important practical value for urban development of high quality optimization.
作者 LI Qiu-ying
机构地区 Institute of Economics
出处 《Ecological Economy》 2019年第3期162-167,共6页 生态经济(英文版)
关键词 ECONOMIC performance THREE MAJOR urban agglomerations MALMQUIST PRODUCTIVITY index economic performance three major urban agglomerations Malmquist productivity index
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