The Spatial Spillover Effect of Input and Output of Scientific Progress on Regional Economic Growth: The Case of Guangdong Province

This paper makes an empirical analysis of the spatial spillover effect of regional economic growth by using Moran’s I and Spatial Durbin Model to study the input and output of technological progress, with the panel data of 21 prefecture-level cities in Guangdong Province from 2008 to 2017. The empirical results show that the spatial autocorrelation exists in the economic development of Guangdong Province, and both the input and output of scientific research innovation have a significant positive effect on the regional economic growth. Under the spatial contiguity weights matrix, the output of scientific research and innovation has a more obvious spillover effect on the economic growth of neighboring cities than the input of scientific research and innovation.

Inter-Region Transportation Costs,Regional Economic Growth,and Disparities in China

To examine the correlation between regional economic growth and inter-region transportation costs in China,this study establishes a regional economic growth model embedded with inter-region transportation costs based on the Cobb-Douglas production function.Based on a balanced growth empirical model,this study verifies the correlation by conducting a regression analysis of the panel data of 29 provinces,municipalities,and autonomous regions from 1985 to 2015.The empirical results show that:(1)The per capita GDP growth among the three regions(namely,the eastern,central,and westem regions of China)meets a conditional convergence trend,and the decreasing of the inter-region transportation costs increases the convergence speed;(2)The per capita GDP growth is in line with the club convergence trend within each of the three regions;(3)The trend of the output elasticity of the inter-region transportation costs shows that the gradual decrease of inter-region transportation costs has a positive correlation with the narrowing of economic disparity after the year 2000,accelerating“common prosperity”across different regions in China.

Development of Pilot Free Trade Zones and Regional Economic Growth in China:Comparison on the Conducting Paths and Dynamic Mechanisms

This study discusses the effect and the dynamic mechanism of free trade zone(FTZ)development promoting regional economic growth in China from the perspective of institutional innovation,and finds as follows.(1)The identification process based on difference-in-differences(DID)testing and Bayesian information criterion(BIC)indicates that the institutional innovation of FTZs not only drives regional economic growth,but acts as one of the core factors among the many drivers.(2)The rapid development of investment and trade,as the primal core function of FTZs,is an important dynamic factor for FTZs to promote regional economic growth.It means in the macro-context of lasting and repeated China-U.S.trade frictions,FTZ development should refer to the practice of China(Shanghai)Pilot Free Trade Zone and China(Zhejiang)Pilot Free Trade Zone in aligning to high-standard investment and trade criteria,return to the origin of free trade,and actively seek policy support in improving trade openness and investment facilitation.(3)With the synthetic control method used,the study finds a wide gap in the“experimental effect”of setting up FTZs in different areas.The effect is better in coastal FTZs than in inland ones,and FTZs established later usually have less noticeable effect.On this account,FTZs in China should be positioned differently based on their characteristics of location and endowment;featured development modes should be explored to reduce homogeneous competition;development of coastal and inland FTZs should be balanced and coordinated.

Real Effective Exchange Rate and Regional Economic Growth in China： Evidence from Provincial Data

Using data for the period 2000-2011, we construct province-level real effective exchange rate （REER） indices for China and test the effect of REER depreciation on regional economic growth in a generalized method of moments regression framework. Our results show that REER depreciation, in general, promotes regional economic growth, through increasing net exports and lowering FDI costs. After dividing the full sample into coastal and inland subsamples, we find that REER depreciation influences economic growth in inland areas but not in coastal areas. This is due to the fact that the inland areas have more surplus labor or other resources to expand their production capacity when REER depreciation leads to increased worm demand. Furthermore, compared to inland areas, processing-and-assembly trade comprises a larger share of trade in the coastal areas, where traders import more raw materials and intermediate goods to process and assemble goods. When the exchange rate depreciates, the costs of imported materials and immediate goods increase. In this case, the benefits from REER depreciation in coastal areas are offset to some extent and are thus lower than in inland areas.

An Empirical Analysis on Diversity of Regional Economic Growth in Jiangsu Province of China

By using index β * and δ * ,this paper carries out an empirical analysis on diversity of regional economic growth in Jiangsu province. Firstly, the paper, from the point of view of economics, divides diversity theories of economic growth into three categories, i.e. the theory of convergence, the theory of divergence and the theory of constant differentials, and analyses them respectively. Secondly, the paper, using sectional and time series data, compares and studies regional economic growth among southern, middle and northern part of Jiangsu province. Finally, the paper analyses the empirical conclusions. The main conclusion is that the theory of convergence is suit to Jiangsu economic growth.

Comparison and Measurement of Economic Growth in Coastal Areas and Inland Provinces of China

This study aims to measure the regional difference in economic growth and the driving effect of export of coastal areas for inland provinces in China from the perspective of labor division.Embedded input and output data are adopted on the basis of the input-output theory for economic growth and trade accounting.Since China’s accession to WTO,vertical specialization across areas has been improved in general,but the areas differ widely in their participation in labor division in the global value chain(GVC)and national value chain(NVC).Different areas in China mainly rely on local production for economic growth,but engagement in GVC and NVC labor division is the major driver for the country’s rapid economic growth.Under the external impact,local economic growth has relied less on the outside,but more on local production since 2008.The driving effect of export of coastal areas for inland provinces is mainly reflected in agriculture,indicating that inland provinces and cities indirectly participate in international division of labor mainly by providing raw materials for production for eastern areas.This study,based on GVC and NVC integration and interaction,conducts in-depth research on the driving effect of export of coastal areas for the economic development of inland provinces,and offers a new perspective for studying the regional difference in economic growth in China.