Revitalization of the Economy of Northeast China

He Gao () and Yoji Taniguchi ()
Additional contact information
He Gao: Jilin University of Finance and Economics
Yoji Taniguchi: Chuo University

Chapter Chapter 7 in Industrial Location and Vitalization of Regional Economy, 2023, pp 117-135 from Springer

Abstract: Abstract The economic stagnation in the Northeast China showed sharp contrast with the rapid economic growth of China as a whole. Revitalization of Northeast China is one of the important practices in regional development. Besides the long term influences of planned economy, the changes of population, especially aging and lower birth rates were also regarded as important factors. However, the decrease of the working-age population and total population are not necessarily to impact negatively on economic growth if labor productivity and capital stock increase. In addition, though Jilin province, Liaoning Province and Heilongjiang Province locate in the Northeast China and are the main parts of the old industrial base, there are still many differences from perspectives of aggregate demand and supply, and it is essential to consider the complementarities among these provinces when making strategic policies. So to revitalize the Northeast economies in the new era, making strategies and policies individually may not be the best method, building up the complementary relationship among the three provinces based on their characters and designing “hub-and-spoke” for different industries in detail are better choices. At the same time, the government should make decisions from demand-side perspective subject to demographic change, decarbonization and the trend of the fourth industrial revolution driven by cutting-edge technologies and digital transformation.

Keywords: The Northeast economies; Aging and lower birth rate; Complementary relationship; Demand-side; Industrial transformation (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:sprchp:978-981-19-8128-9_7

Ordering information: This item can be ordered from
http://www.springer.com/9789811981289

DOI: 10.1007/978-981-19-8128-9_7

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().