The“Belt and Road”initiative functions as a novel impetus for China’s external economic development within the framework of the new normal of economic growth.By leveraging panel data from 30 provinces and regions a...The“Belt and Road”initiative functions as a novel impetus for China’s external economic development within the framework of the new normal of economic growth.By leveraging panel data from 30 provinces and regions across China for the period of 2010 to 2020,this research assesses the influence of the“Belt and Road”initiative on the enhancement of the industrial structure along its trajectory.The findings indicate that:the most notable influence on the rationalization and progress of the industrial structure is observed in the eastern region,with the central region following suit,whereas the western region has yet to exhibit a significant transformation.The analysis delves into the role of technological innovation,concluding that the initiative primarily catalyzes optimization and upgrading through the effect of technological advancement.The study advances several pertinent policy recommendations to support and enhance these developments.展开更多
Industrial policy is an important means for governments to promote industrial development and accelerate economic growth.This paper mainly uses the Chinese Law and Regulation Database as the source of the relevant law...Industrial policy is an important means for governments to promote industrial development and accelerate economic growth.This paper mainly uses the Chinese Law and Regulation Database as the source of the relevant laws and regulations of China’s industrial policies from 2003 to 2015.On this basis,it empirically examines the impact of industrial policies on economic growth.The study finds that China’s industrial policy has significant positive effects on economic growth and that industrial structure rationalization is an important channel of industrial policy to improve economic growth.The findings are also valid under a series of robustness tests and endogenous corrections.The results of heterogeneity tests confirm that there are heterogeneous effects pertaining to industrial policy on economic growth among different subregional areas,administrative levels,industrial development stages,and industrial policy types.Overall,this paper supports the hypothesis that industrial policy has positive effects on economic growth and,accordingly,provides a basis for industrial policy implementation.展开更多
文摘The“Belt and Road”initiative functions as a novel impetus for China’s external economic development within the framework of the new normal of economic growth.By leveraging panel data from 30 provinces and regions across China for the period of 2010 to 2020,this research assesses the influence of the“Belt and Road”initiative on the enhancement of the industrial structure along its trajectory.The findings indicate that:the most notable influence on the rationalization and progress of the industrial structure is observed in the eastern region,with the central region following suit,whereas the western region has yet to exhibit a significant transformation.The analysis delves into the role of technological innovation,concluding that the initiative primarily catalyzes optimization and upgrading through the effect of technological advancement.The study advances several pertinent policy recommendations to support and enhance these developments.
文摘Industrial policy is an important means for governments to promote industrial development and accelerate economic growth.This paper mainly uses the Chinese Law and Regulation Database as the source of the relevant laws and regulations of China’s industrial policies from 2003 to 2015.On this basis,it empirically examines the impact of industrial policies on economic growth.The study finds that China’s industrial policy has significant positive effects on economic growth and that industrial structure rationalization is an important channel of industrial policy to improve economic growth.The findings are also valid under a series of robustness tests and endogenous corrections.The results of heterogeneity tests confirm that there are heterogeneous effects pertaining to industrial policy on economic growth among different subregional areas,administrative levels,industrial development stages,and industrial policy types.Overall,this paper supports the hypothesis that industrial policy has positive effects on economic growth and,accordingly,provides a basis for industrial policy implementation.
