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Theoretical Logic and Empirical Facts of Consumption Structure Upgrade and Domestic Value Chain Circulation under the New Development Pattern
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作者 Bin Liu Chuanchuan Li Qiujing Li 《China Finance and Economic Review》 2022年第3期3-22,共20页
Under the new development pattern,this paper explores the characteristic tendencies and intergenerational changes of consumption structure upgrade(CSU)as well as the theoretical logic and empirical paradigm affecting ... Under the new development pattern,this paper explores the characteristic tendencies and intergenerational changes of consumption structure upgrade(CSU)as well as the theoretical logic and empirical paradigm affecting the domestic value chain circulation.This paper constructs a region-industry decomposition framework for domestic value chain circulation based on backward demand to explore the impact of CSU on domestic value chain circulation.The results show that:first,CSU can optimize the structure of domestic value chain circulation and strengthen inter-regional value chain linkage;second,CSU promotes domestic value chain circulation through innovation drive,resource optimization and industrial coupling;finally,the domestic value chain circulation effect caused by CSU may be constrained by market segmentation,and accelerating regional economic integration across a country can help build up the main position of domestic value chain. 展开更多
关键词 new development pattern consumption structure upgrade(GSU) domestic value chain circulation regional economic integration
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Dual Circulation and China's Development
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作者 Justin Yifu Lin 《Frontiers of Economics in China-Selected Publications from Chinese Universities》 2021年第1期30-34,共5页
In 2020,China proposed a new development paradigm centered on domestic circulation with a"dual circulation"model in which domestic circulation and international circulation promote each other.This new paradi... In 2020,China proposed a new development paradigm centered on domestic circulation with a"dual circulation"model in which domestic circulation and international circulation promote each other.This new paradigm reflects a clear understanding of China's development trend that saw its share of exports in the GDP declining steadily since 2006.However,the new paradigm does not necessarily mean that China should change its past policy of fully utilizing domestic and international markets and resources in economic development.Because of large economies of scale in modern manufacturing sector,China should continue to make full use of international markets. 展开更多
关键词 China dual circulation domestic circulation international circulation economic development
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