區(qū)域經(jīng)濟(jì)學(xué)regionaleconomicdevelopment第九章-在線瀏覽
2024-11-01 09:46本頁面
【正文】 ing of good institutional conditions, FDI, and the expansion of the domestic private sector drives growth. Sixth, government administration expenditure and the expenditures in culture, education, science and public health shows, if anything, a significant negative impact on growth. The findings suggest that there is an overinvestment in certain fields of government spending. Government expenditure needs to be adjusted and optimized to drive the growth process more efficiently. Seventh, when agglomeration is measured by urbanization, taking the ratio of employed urban workers to total population, the effect is insignificant. When marketisation is included, urbanization bees highly significant, however, suggesting that agglomerations are an own ingredient for growth. What this all means is not clear. Most significantly, it is not clear that urbanization is the appropriate way to measure agglomeration effects. In summary, all three kinds of capital, namely domestic physical capital, human capital and foreign capital, enter positively and significantly. To a large extent, these factors are responsible for the development of China’s provinces and hence of China as a whole. With regard to the tremendous success story of the coastal belt during the sample period the hypothesis that international integration has had an enormous effect is supported by the positive effect of FDI and trade. They also find a group of variables that has no or even a negative effect on growth—these include population, government expenditure and the proxies for agglomeration and urbanization. Overall they find that the poorer provinces are catching up. The question is, how quickly? The Gr
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