Empirical Study on Total Factor Productivity in the Beijing-Tianjin-Hebei Region:Potentials and Outcomes
Using the potential analysis based on proactive decision-making theory,this study has derived a model for measuring total factor productivity in the Beijing-Tianjin-Hebei(BTH hereafter)region.The model measures and analyzes total factor productivity from 1991 to 2022 for the entire BTH region,the three provinces and cities within the region,and from 2012 to 2022 for the 13 cities in the BTH urban agglomeration.Results indicate an upward trend in total factor productivity in the whole region,in the three provinces and cities,and in their urban agglomeration during the study period.Notably,since the coordinated development of the BTH region,the contribution of total factor productivity to economic growth in these areas has significantly increased.Key findings reveal that the total factor productivity in the BTH region remains lower than that of the Yangtze River Delta and the Pearl River Delta regions.Within the BTH region,total factor productivity is the weakest in Hebei Province,particularly in northwestern and south-central Hebei.Additionally,disparities in total factor productivity within the BTH urban agglomeration have widened.Low and declining capital output ratios have limited improvements in total factor productivity,while employment in the BTH region has steadily declined since its peak in 2013,and capital growth has slowed rapidly.Together,these factors have contributed to a deceleration in economic growth in the BTH region,from 10.85%during 1992-2014 to 5.6%during 2014-2022.This study concludes with policy recommendations for improving total factor productivity in the BTH region,focusing on innovation-driven regional industrial collaboration,rational allocation of labor resources,and enhancing capital efficiency.
万方数据
维普
