scholarly journals Infrastructure Investment and Regional Economic Growth: Evidence from Yangtze River Economic Zone

Land ◽  
2021 ◽  
Vol 10 (3) ◽  
pp. 320
Author(s):  
Jinrui Zhang ◽  
Ruilian Zhang ◽  
Junzhuo Xu ◽  
Jie Wang ◽  
Guoqing Shi
Keyword(s):  
Economic Growth ◽  
Capital Stock ◽  
Yangtze River ◽  
Regional Economic Growth ◽  
Infrastructure Investment ◽  
The Yangtze River ◽  
Public Infrastructure ◽  
Regional Economic ◽  
Different Types ◽  
Economic Zone

To better understand the impacts of infrastructure investment on economic growth and, we used Cobb-Douglas production function model to develop the stock of public infrastructure capital into the economic growth model. It applies spatial panel data model effect analysis to statistical data of the Yangtze River Economic Zone with 131 cities from 2003 to 2016 and investigates the relationship between different types of public infrastructure capital stock and regional economic growth in different periods. The empirical results show that (1) the economic growth of the cities in the Yangtze River Economic Zone has characteristics of significant spatial dependence, the degree and significance of spatial dependence are gradually declining, and the spatial agglomeration of the economic growth in the cities in the region is relatively stable. (2) Different types of public infrastructure capital stock have distinct spatial effects on regional economic growth. The capital stock of energy infrastructure significantly promotes global economic growth. The capital stock of transportation infrastructure significantly stimulates the local economic growth and inhibits the economic growth of the adjacent areas. The capital stock of water-related infrastructure restrains local economic growth and promotes economic growth in adjacent areas. These findings indicate that increasing investment in public infrastructure development in the Yangtze River Economic Zone remains an effective measure to promote regional economic growth. Under the premise of limited resources, taking full account of the effects of various types of investment can promote the mutual benefit of the economies in the region and effectively achieve the strategic objectives for the Yangtze River Economic Zone.

scholarly journals Does the Expansion of Urban Construction Land Promote Regional Economic Growth in China? Evidence from 108 Cities in the Yangtze River Economic Belt

2018 ◽  
Vol 10 (11) ◽  
pp. 4073 ◽  
Author(s):  
Hualin Xie ◽  
Zhenhong Zhu ◽  
Bohao Wang ◽  
Guiying Liu ◽  
Qunli Zhai
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Yangtze River ◽  
Spillover Effect ◽  
Regional Economic Growth ◽  
The Yangtze River ◽  
Regional Economic ◽  
Construction Land ◽  
Urban Construction ◽  
The Impact

Since the reform and opening up, China’s economy has maintained rapid growth. At the same time, the process of urbanization in China has been accelerating and the scale of urban construction land has expanded accordingly. The purpose of the research is to explore whether there is an inevitable connection between the expansion of urban construction land and economic growth. This study uses 108 prefecture-level cities in the Yangtze River Economic Belt as an example. Considering panel data from 2005 to 2015, the spatial econometric model was used to explore the impact of urban construction land expansion on regional economic growth. The results are as follows: (1) The expansion of construction land in cities in the Yangtze River Economic Belt has a significant impact on economic growth but the extent of the impact is not as great as that of capital stock. (2) In the Yangtze River Economic Belt, the expansion of urban construction land in a certain area has not only a positive effect on the local economic growth but also a certain spillover effect and it can promote the economic development level of the adjacent areas in the economic belt. (3) Although the expansion of urban construction land along the Yangtze River Economic Belt promotes economic growth, there are obvious differences between regions. The expansion of urban construction land in the central region of the Yangtze River Economic Belt has a significant driving effect on economic growth. However, the expansion of urban construction land in the eastern and western regions has no significant effect on the economic growth of the respective regions. Finally, based on the above conclusions, this paper proposes corresponding policy recommendations for economic development in different regions. These research conclusions will also facilitate the follow-up of other researchers to further explore the driving factors of the economic development of many prefecture-level cities in the Yangtze River Economic Belt and the related mechanisms for the expansion of construction land to promote economic growth.

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