Spatial Patterns of Ocean Economic Efficiency and their Influencing Factors in Chinese Coastal Regions

Xin Zhao, Yong Peng, Yuemei Xue and Shun Yuan
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Xin Zhao: School of Economics, Ocean University of China, Qingdao, Shandong, People’s Republic of China.
Yong Peng: School of Economics, Ocean University of China, Qingdao, Shandong, People’s Republic of China.
Yuemei Xue: School of Economics, Ocean University of China, Qingdao, Shandong, People’s Republic of China.
Shun Yuan: School of Ocean and Atmospheric Science, Ocean University of China, Qingdao, Shandong, People’s Republic of China.

Journal for Economic Forecasting, 2016, issue 4, 35-49

Abstract: Since the Chinese government’s ocean power strategy was launched in 2011, the ocean economy plays an increasingly important role in the Chinese national economy. This paper uses stochastic frontier analysis (SFA) and spatial econometric methods to measure ocean economic efficiency and analyze the distribution characteristics, spatial effects, and its influencing factors. Panel data for 11 coastal regions in China covering the 2007-2013 period are employed to illustrate the advantage of the method. The results show that the ocean economic efficiency of most coastal regions is at medium or high levels, and the longitudinal changes in spatial distribution of 11 coastal regions remain relatively stable. Furthermore, the efficiency of coastal regions has positive spatial correlation and spatial agglomeration, where a spatial spillover effect exists between adjacent regions due to geographical distance. The results also present the significant positive influences on the efficiency of ocean economy are regional openness, scientific research and regional ocean economic development.

Keywords: ocean economic efficiency; spatial patterns; stochastic frontier analysis; spatial panel model (search for similar items in EconPapers)
JEL-codes: C51 O47 (search for similar items in EconPapers)
Date: 2016
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