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The Effects of Tianjin's Openness on Economic Development in Beijing-Tianjin-Hebei Region Based on Extended Solow Model

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Listed:
  • Fan Feng

    (School of Economics and Management, Southwest Jiaotong University, Chengdu 610031, Sichuan, P. R. China.)

Abstract

Opening has an important impact on economic development. However, due to the fact that various regions have different economic structure and development level, there are differences in the size of its actual effect. Using extended Solow model and 2002-2013 panel data among 13 major cities of Beijing, Tianjin, and Hebei, this paper analyzed the effects of Tianjin's openness on economic development in Jing-Jin-Ji area. The result shows that improving the degree of Tianjin's openness has a very significant impact on the joint development of Jing-Jin-Ji area and regional economy. Therefore, we must further promote structural reforms and improve Tianjin's openness to give full play to its role in driving economic development in Jing-Jin-Ji area in the future.

Suggested Citation

  • Fan Feng, 2016. "The Effects of Tianjin's Openness on Economic Development in Beijing-Tianjin-Hebei Region Based on Extended Solow Model," International Journal of Economics and Financial Issues, Econjournals, vol. 6(3), pages 1151-1154.
    • Handle: RePEc:eco:journ1:2016-03-43
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    References listed on IDEAS

    as
    1. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
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    More about this item

    Keywords

    Extended Solow Model; Opening; Regional Economic Development; Economic Growth;
    All these keywords.

    JEL classification:

    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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