Spatiotemporal logic of major investment projects effectiveness
The key to building a new development pattern is to leverage the driving role of major investment projects,but its actual effects and determining factors still need further research.This article explores the actual performance and reasons of major industrial investment in the process of economic transformation using county-level data from a long-term perspective of 70 years.After weakening possible endogeneity bias through propensity value matching and instrumental variable method,the study found that:free flow of factors is a prerequisite for major investment projects to stimulate local agglomeration of factors such as population;in an open environment,investment projects that are more easily integrated into the global division of labor system have a stronger impact on the formation of agglomeration economies,and this effect is more pronounced in areas near coastal ports.The research results of this article indicate that only by following the trend of marketization and globalization can major investment projects stimulate high-level industrial agglomeration and promote long-term economic growth,thus revealing the significant significance of"reform and opening-up"for China's economic development.
major investment projectsmarket-oriented reformgeographical location"156 project"
NETL
NSTL
万方数据
