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The Growth Contribution of China’s Regional Coordinated Development Strategy—On the Dispute of Regional Policy Paths

Author

Listed:
  • Nian Meng

    (Institute of Rural Development, Chinese Academy of Social Sciences Beijing China)

  • Zhang Haipeng

    (Institute of Rural Development, Chinese Academy of Social Science Beijing China)

  • Wang Yao

    (Institute of China Frontier Studies, Chinese Academy of Social Sciences Beijing China)

Abstract

Balancing macroeconomic growth with regional equilibrium development is essential for China’s pursuit of the modernization through regional coordinated development. Taking a macroeconomic output perspective and employing a counterfactual framework, this paper evaluates the economic growth effects of China’s “place-based” and “people-based” regional policies, and explores the future implementation effects and optimal combinations of these policies under different market environments. Given that “people-based” policy cannot address market failures in spatial dimensions, the essence of the academic debate over regional policy paths lies in different understandings of the relationship between government and markets.

Suggested Citation

  • Nian Meng & Zhang Haipeng & Wang Yao, 2024. "The Growth Contribution of China’s Regional Coordinated Development Strategy—On the Dispute of Regional Policy Paths," China Finance and Economic Review, De Gruyter, vol. 13(4), pages 24-44.
    • Handle: RePEc:bpj:cferev:v:13:y:2024:i:4:p:24-44:n:1002
    DOI: 10.1515/cfer-2024-0020
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