Agglomeration of economic activities is a common phenomenon across the world. Theoretical and empirical studies have shown that agglomeration promotes dynamic efficiency, which in turn is conducive to the long-term pr...Agglomeration of economic activities is a common phenomenon across the world. Theoretical and empirical studies have shown that agglomeration promotes dynamic efficiency, which in turn is conducive to the long-term prosperity of a country＇s economy. Compared with most countries, in China is very low, and Chinese cities the spatial concentration of various industries are relatively small and equal-sized. Thus, it is unnecessary to contain the agglomeration of economic activities in China. Widening regional gaps since pro-market reforms and opening-up in China should be ascribed to institutional barriers rather than agglomeration. Therefore, China should refrain from containing agglomeration and instead focus on integrating product and factor markets and improving education and health care in less developed areas.展开更多
The Pan Pearl River Delta （PPRD） Regional Co-operation Framework Agreement was signed in 2004. It aims to bring prosperity through partnership among nine Chinese Mainland provinces and China ＂s two special administ...The Pan Pearl River Delta （PPRD） Regional Co-operation Framework Agreement was signed in 2004. It aims to bring prosperity through partnership among nine Chinese Mainland provinces and China ＂s two special administrative regions. In this paper, we use a dynamic panel data model to examine the economic growth of the PPRD economies from 1985 to 2009. Our analysis confirms the existence of regional growth spillover effects in the PPRD area. Our results also show that economic growth spillover effects of non-PPRD regions on the PPRD regions are greater than those among the PPRD members themselves. These findings imply that economic integration between Chinese provinces has generated considerable spillover effects on regional growth. However, the anticipated benefits of the implementation of the PPRD agreement have not been realized thus far. Therefore, greater effort shouM be made to promote further economic integration among these members so that their local economies can benefit from the positive spillover effects.展开更多
文摘Agglomeration of economic activities is a common phenomenon across the world. Theoretical and empirical studies have shown that agglomeration promotes dynamic efficiency, which in turn is conducive to the long-term prosperity of a country＇s economy. Compared with most countries, in China is very low, and Chinese cities the spatial concentration of various industries are relatively small and equal-sized. Thus, it is unnecessary to contain the agglomeration of economic activities in China. Widening regional gaps since pro-market reforms and opening-up in China should be ascribed to institutional barriers rather than agglomeration. Therefore, China should refrain from containing agglomeration and instead focus on integrating product and factor markets and improving education and health care in less developed areas.
基金Financial support from the University of Macao(RG017/06- 07S/CY/FSH and RG041/09-10S/CY/FSH)the Australian Research Council(DP1092913)
文摘The Pan Pearl River Delta （PPRD） Regional Co-operation Framework Agreement was signed in 2004. It aims to bring prosperity through partnership among nine Chinese Mainland provinces and China ＂s two special administrative regions. In this paper, we use a dynamic panel data model to examine the economic growth of the PPRD economies from 1985 to 2009. Our analysis confirms the existence of regional growth spillover effects in the PPRD area. Our results also show that economic growth spillover effects of non-PPRD regions on the PPRD regions are greater than those among the PPRD members themselves. These findings imply that economic integration between Chinese provinces has generated considerable spillover effects on regional growth. However, the anticipated benefits of the implementation of the PPRD agreement have not been realized thus far. Therefore, greater effort shouM be made to promote further economic integration among these members so that their local economies can benefit from the positive spillover effects.
