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Web of Proceedings - Francis Academic Press

Research on China's Regional Economic Development and Regional Economic Differences Based on Spatial Spillover Effect

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DOI: 10.25236/ermbfe.2019.022

Author(s)

Huang Jiyu

Corresponding Author

Huang Jiyu

Abstract

With the deepening of reform, China's economy is showing a rapid development trend. At the same time, due to the common influence of different factors such as economic globalization, reform and opening up, and economic development, the exchanges between enterprises in the region are increasingly close. Marketization reform has eliminated market segmentation between different regions in China, accelerated the flow of production factors and labor products among different regions, and improved the efficiency of resource allocation. Traditional time and space constraints have less and less effect on the process of finding the best allocation of resources in the global scope. Any economic activity has been incorporated into the global production network consciously or unconsciously. Behind the rapid growth, the level of economic development in different regions of China is very different. The interdependence and spatial spillover effect between different regions have an important influence on China's regional economic development. Based on the spatial spillover effect, this paper analyzes the regional economic development and regional economic differences in China.

Keywords

Economic activity; Spatial spillover effect; Market-oriented reform; Regional economy