Analysis on Factors Causing Economy Discrepancy in Yangtze River Delta
Yingbo Li
Abstract
Yingbo Li
Abstract
There are many reasons that caused economy discrepancy in Yangtze River delta.A classical economic growth model is used to analyze factors causing economy disparity among 16 cities in Yangtze River delta.The study results indicates that location factors,government scale,saving level per person and the tertiary industry do not have prominent effect on economy growth and discrepancy formation in 16 cities in Yangtze River delta;there is notable conditional:convergence among 16 cities in Yangtze River delta,the terms for converging are those that promoting economy growing,including capital assets investing ratio,FDI amount and industrialization;these factors are also terms that can reduce discrepancy between developing and developed cities.These results show that economyic growth relies mainly on investment and FDI in Yangtze River delta.Consumable market negative effect on economic growth indicates that how to change economy increasing model is a desiderate problem.
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There are many reasons that caused economy discrepancy in Yangtze River delta.A classical economic growth model is used to analyze factors causing economy disparity among 16 cities in Yangtze River delta.The study results indicates that location factors,government scale,saving level per person and the tertiary industry do not have prominent effect on economy growth and discrepancy formation in 16 cities in Yangtze River delta;there is notable conditional:convergence among 16 cities in Yangtze River delta,the terms for converging are those that promoting economy growing,including capital assets investing ratio,FDI amount and industrialization;these factors are also terms that can reduce discrepancy between developing and developed cities.These results show that economyic growth relies mainly on investment and FDI in Yangtze River delta.Consumable market negative effect on economic growth indicates that how to change economy increasing model is a desiderate problem.
Key concepts: Delta, Yangtze river, Industrialisation, Convergence (economics), Investment (military), Conditional convergence, Capital (architecture), Economy