摘要
This paper extends the resource drag studies by empirically investigating how spatial factors affect the regional economic growth. Using spatial panel econometric models, this paper estimates the dragging effect of energy resources of the Yangtze River Delta metropolitan areas. We fi nd that the growth drag of energy in the Yangtze River Delta is about 6% on average, which means that energy constraints decrease the economic growth by 6% annually, higher than the national level that has been previously measured in the literature. This result has taken into account the impact of neighboring cities' economic development, so as to obtain a more accurate estimate. Based on these measurement results, we propose some policy recommendations.
This paper extends the resource drag studies by empirically investigating how spatial factors affect the regional economic growth. Using spatial panel econometric models, this paper estimates the dragging effect of energy resources of the Yangtze River Delta metropolitan areas. We fi nd that the growth drag of energy in the Yangtze River Delta is about 6% on average, which means that energy constraints decrease the economic growth by 6% annually, higher than the national level that has been previously measured in the literature. This result has taken into account the impact of neighboring cities’ economic development, so as to obtain a more accurate estimate. Based on these measurement results, we propose some policy recommendations.
基金
supported by the National Natural Science Foundation of China(Grant No.71373079)
