The Growth Contribution of China’s Regional Coordinated Development Strategy—On the Dispute of Regional Policy Paths

Nian Meng, Zhang Haipeng and Wang Yao
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Nian Meng: Institute of Rural Development, Chinese Academy of Social Sciences Beijing China
Zhang Haipeng: Institute of Rural Development, Chinese Academy of Social Science Beijing China
Wang Yao: Institute of China Frontier Studies, Chinese Academy of Social Sciences Beijing China

China Finance and Economic Review, 2024, vol. 13, issue 4, 24-44

Abstract: Balancing macroeconomic growth with regional equilibrium development is essential for China’s pursuit of the modernization through regional coordinated development. Taking a macroeconomic output perspective and employing a counterfactual framework, this paper evaluates the economic growth effects of China’s “place-based” and “people-based” regional policies, and explores the future implementation effects and optimal combinations of these policies under different market environments. Given that “people-based” policy cannot address market failures in spatial dimensions, the essence of the academic debate over regional policy paths lies in different understandings of the relationship between government and markets.

Keywords: regional coordinated development strategy; growth contribution; place-based; people-based; regional policy paths (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:bpj:cferev:v:13:y:2024:i:4:p:24-44:n:1002

DOI: 10.1515/cfer-2024-0020

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