Factor Decomposition and Policy Implications of China's North-South Regional Differences
China's north-south regional differences have been widening since the new century,with obvious differences in the roles of various growth factors.Using the decomposition framework of regional differences based on development accounting and China's provincial-level data from 1978-2022,we study the impacts of total factor productivity,physical capital,and labor inputs on the economic differences between the north and south,and find that:the difference in total output between the north and the south has continuously expanded,but the gap of output per labor has not changed much in the last decade or so;total factor productivity differences have been an important factor influencing the North-South differences,and to a large extent will dominate the future trend of regional differences;physical capital differences are more prominently affected by regional policies,but the policy effects need to be coordinated and considered in many ways.The policy implications of factor decomposition for narrowing the gap between the north and the south of China are that each region should develop new quality productive forces according to local conditions,further expand reform and opening up,and accelerate the construction of a unified large market at home and abroad,so as to form a regional economic layout with complementary advantages and high-quality development.
万方数据
维普
