政策红利、地理禀赋与增长差异——来自“长江经济带发展战略”的证据

张鑫宇，汤向俊，刘瑞明

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July 2023

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Citation: ZHANG Xinyu. Policy Dividends, Geographical Endowments and Regional Disparity of Economic Growth —— Evidence from Development Strategy of Yangtze River Economic Belt[J]. Academic Monthly, 2023, 55(7): 46-60. shu

Policy Dividends, Geographical Endowments and Regional Disparity of Economic Growth —— Evidence from Development Strategy of Yangtze River Economic Belt

ZHANG Xinyu

Abstract

Addressing the wide gaps in regional development is a key issue in the stage of highquality development.Based on countylevel panel data from 2010 to 2019,using the policy shock of the development strategy of the Yangtze River Economic Belt (YEB) and the DifferenceinDifferences(DID) method with an intensity index,this paper finds that,on average,the interactive influence mechanisms of policy dividends and geographical endowments significantly promoted regional economic development,making the GDP and GDP per capita of the treatment group about 2.49% and 2.66%,respectively,higher than the control group.This regional disparity of economic growth mainly comes from the development of the secondary and tertiary industries.The mechanism analysis shows that the development strategy of the YEB has led to a sharp fall in freight costs.With the decrease in freight costs,there are three major effects: industrial agglomeration effect,factordriven effect,and demanddriven innovation effect,which promote the changes in industrial structure and form the regional disparity of economic growth.Further heterogeneity analysis shows that the middle and upper reaches and the regions with low inland waterway transport endowment of the YEB have faster economic growth rates.Institutional reform should be implemented according to the geographical endowments of different regions,which can boost the economy under economic pressure,address the wide gaps in regional development between different regions,and jointly promote highquality economic development in China.
- policy dividends
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通讯作者: 陈斌, bchen63@163.com

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沈阳化工大学材料科学与工程学院沈阳 110142

Policy Dividends, Geographical Endowments and Regional Disparity of Economic Growth —— Evidence from Development Strategy of Yangtze River Economic Belt

ZHANG Xinyu

Abstract: Addressing the wide gaps in regional development is a key issue in the stage of highquality development.Based on countylevel panel data from 2010 to 2019,using the policy shock of the development strategy of the Yangtze River Economic Belt (YEB) and the DifferenceinDifferences(DID) method with an intensity index,this paper finds that,on average,the interactive influence mechanisms of policy dividends and geographical endowments significantly promoted regional economic development,making the GDP and GDP per capita of the treatment group about 2.49% and 2.66%,respectively,higher than the control group.This regional disparity of economic growth mainly comes from the development of the secondary and tertiary industries.The mechanism analysis shows that the development strategy of the YEB has led to a sharp fall in freight costs.With the decrease in freight costs,there are three major effects: industrial agglomeration effect,factordriven effect,and demanddriven innovation effect,which promote the changes in industrial structure and form the regional disparity of economic growth.Further heterogeneity analysis shows that the middle and upper reaches and the regions with low inland waterway transport endowment of the YEB have faster economic growth rates.Institutional reform should be implemented according to the geographical endowments of different regions,which can boost the economy under economic pressure,address the wide gaps in regional development between different regions,and jointly promote highquality economic development in China.

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Policy Dividends, Geographical Endowments and Regional Disparity of Economic Growth —— Evidence from Development Strategy of Yangtze River Economic Belt

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通讯作者: 陈斌, bchen63@163.com

Policy Dividends, Geographical Endowments and Regional Disparity of Economic Growth —— Evidence from Development Strategy of Yangtze River Economic Belt

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