Introduction:Economic ties and trade blocs increase the flow of trade between participating countries and lead to different levels of economic and structural changes.Case description:This paper focuses on the structur...Introduction:Economic ties and trade blocs increase the flow of trade between participating countries and lead to different levels of economic and structural changes.Case description:This paper focuses on the structure of industrial value-added between China and Pakistan,as the two countries recently launched the CPEC(China-Pakistan Economic Corridor)project.Discussion and evaluation:This study utilizes panel data from 1995 to 2015 to test certain factor effects on regional value-added through econometric analyses.The results show that each country has its own economic growth rate and market size that respond differently to industrial value-added production.Conclusion:Aggregate factor productivity at China is higher than in Pakistan but growth in factor productivity in the latter is higher than the former;similarly,the share of bilateral trade is higher in the case of Pakistan.Although each country responds differently to the new economic ties,the macroeconomic results support bilateral economic ties between them.展开更多
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
文摘Introduction:Economic ties and trade blocs increase the flow of trade between participating countries and lead to different levels of economic and structural changes.Case description:This paper focuses on the structure of industrial value-added between China and Pakistan,as the two countries recently launched the CPEC(China-Pakistan Economic Corridor)project.Discussion and evaluation:This study utilizes panel data from 1995 to 2015 to test certain factor effects on regional value-added through econometric analyses.The results show that each country has its own economic growth rate and market size that respond differently to industrial value-added production.Conclusion:Aggregate factor productivity at China is higher than in Pakistan but growth in factor productivity in the latter is higher than the former;similarly,the share of bilateral trade is higher in the case of Pakistan.Although each country responds differently to the new economic ties,the macroeconomic results support bilateral economic ties between them.
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.
