Effect and Mechanism of Economic Circulation in the Middle and Lower Reaches of the Yellow River: Multiregional Input–Output Model and Industrial Complex Network Approaches

Chong Yin (), Yingxin Cui () and Yue Liu
Additional contact information
Chong Yin: Institute of Science and Technology for Development of Shandong, Qilu University of Technology (Shandong Academy of Sciences), Jinan 250014, China
Yingxin Cui: Institute of Science and Technology for Development of Shandong, Qilu University of Technology (Shandong Academy of Sciences), Jinan 250014, China
Yue Liu: Institute of Science and Technology for Development of Shandong, Qilu University of Technology (Shandong Academy of Sciences), Jinan 250014, China

Sustainability, 2022, vol. 14, issue 19, 1-18

Abstract: China has implemented the Yellow River strategy, and the middle and lower reaches of the Yellow River (MLYR) play an important role in promoting the sustainable economic growth of China. However, the economic circulation of the MLYR is constricted by the imbalance and heterogeneity in the economy in the regions, and it is necessary to explore how economic circulation and sustainable development in the MLYR can be improved. In this study, based on the multiregional input–output tables for 2012 and 2017, we developed a MLYR multiregional input–output model; applied indicators, such as intraregional multiplier, interregional feedback, and spillover, to measure economic circulation effects; further developed the industrial circular network; and designed indicators of cycle length distribution, average cycle correlation, influence of the industrial cycle, and interactions of the weighted cycle to analyze the industrial circulation mechanism in the MLYR. We also analyzed the spatial and industrial structures of the economic circulation flows. The results show that economic linkages have been strengthened to a certain extent, but the imbalance in economic circulation is still prominent, and the imbalanced circular effects are determined by the characteristics of the cycles in the MLYR. The empirical findings contribute to several aspects of the theory of imbalanced economic development and provide an important perspective on, and feasible path for, achieving economic development. We suggest that policymakers should build a multi-dimensional innovation cooperation system, improve the digital connectivity of regions, and promote the green and low-carbon development of industry and the application of new energy technologies to achieve balanced, common, and sustainable economic development in the MLYR.

Keywords: economic circulation effect; economic circulation mechanism; the middle and lower reaches of the Yellow River; multiregional input–output model; industrial circular complex network (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2071-1050/14/19/12922/pdf (application/pdf)
https://www.mdpi.com/2071-1050/14/19/12922/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:14:y:2022:i:19:p:12922-:d:938269

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().