IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v15y2023i10p8329-d1151491.html
   My bibliography  Save this article

Accelerating the Construction of a Unified Domestic Market to Promote Sustainable Economic Development: Mechanisms, Challenges and Countermeasures—A Perspective Based on the General Law of the Market Economy and Chinese Reality

Author

Listed:
  • Jiaxian Shi

    (School of Marxism, Liaoning University, Shenyang 110036, China)

  • Changbin Qi

    (School of Marxism, Liaoning University, Shenyang 110036, China)

  • Xinxin Mu

    (School of Marxism, Liaoning University, Shenyang 110036, China)

Abstract

Accelerating the development of a unified domestic market is essential for establishing a high-level socialist market economy, which will also serve as the foundation for promoting China’s sustainable economic development. Referencing the general law of the market economy, this study analyses the internal mechanisms for accelerating the formation of a unified domestic market to promote the sustainable development of China’s economy from four dimensions, including system guarantee, impetus condition, material basis and administrative guarantee. Furthermore, an empirical analysis is conducted to identify existing challenges in this regard using the data of China’s Marketisation Index Report by Province from 2016 to 2021, which include insufficient comprehension of the concept of a unified domestic market, institutional barriers, a low degree of opening up to the outside world and uneven infrastructure development. Corresponding policy suggestions include strengthening theoretical study, research and publicity; intensifying the unification of fundamental institutional systems and market rules; and accelerating high-level opening to the outside world and market facilities’ high-quality connectivity. This research provides a theoretical and policy reference for the sustainable development of China’s economy that is broadly applicable.

Suggested Citation

  • Jiaxian Shi & Changbin Qi & Xinxin Mu, 2023. "Accelerating the Construction of a Unified Domestic Market to Promote Sustainable Economic Development: Mechanisms, Challenges and Countermeasures—A Perspective Based on the General Law of the Market ," Sustainability, MDPI, vol. 15(10), pages 1-16, May.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:10:p:8329-:d:1151491
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/15/10/8329/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/15/10/8329/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hodgson, Geoffrey M., 2015. "Conceptualizing Capitalism," University of Chicago Press Economics Books, University of Chicago Press, number 9780226168005, December.
    2. Jacques Pelkmans, 2012. "The Economics of Single Market Regulation," Bruges European Economic Policy Briefings 25, European Economic Studies Department, College of Europe.
    3. Allen, Robert C., 2011. "Global Economic History: A Very Short Introduction," OUP Catalogue, Oxford University Press, number 9780199596652.
    4. Baum-Snow, Nathaniel & Henderson, J. Vernon & Turner, Matthew A. & Zhang, Qinghua & Brandt, Loren, 2020. "Does investment in national highways help or hurt hinterland city growth?," Journal of Urban Economics, Elsevier, vol. 115(C).
    5. Guoyao Yan & Yu Hao & Yunxia Guo & Haitao Wu, 2022. "Are environmental problems a barometer of corruption in the eyes of residents? Evidence from China," Kyklos, Wiley Blackwell, vol. 75(2), pages 337-361, May.
    6. Jozef GNAP & Pavol VARJAN & Pavol ĎURANA & Mariusz KOSTRZEWSKI, 2019. "Research On Relationship Between Freight Transport And Transport Infrastructure In Selected European Countries," Transport Problems, Silesian University of Technology, Faculty of Transport, vol. 14(3), pages 63-74, September.
    7. Romer, Paul M, 1996. "Why, Indeed, in America? Theory, History, and the Origins of Modern Economic Growth," American Economic Review, American Economic Association, vol. 86(2), pages 202-206, May.
    8. Bai, Chong-En & Du, Yingjuan & Tao, Zhigang & Tong, Sarah Y., 2004. "Local protectionism and regional specialization: evidence from China's industries," Journal of International Economics, Elsevier, vol. 63(2), pages 397-417, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bo, Shiyu, 2020. "Centralization and regional development: Evidence from a political hierarchy reform to create cities in china," Journal of Urban Economics, Elsevier, vol. 115(C).
    2. Wu, Mingqin & Yu, Linhui & Zhang, Junsen, 2023. "Road expansion, allocative efficiency, and pro-competitive effect of transport infrastructure: Evidence from China," Journal of Development Economics, Elsevier, vol. 162(C).
    3. Jozef Gnap & Šimon Senko & Mariusz Kostrzewski & Mária Brídziková & Renáta Cződörová & Zdeněk Říha, 2021. "Research on the Relationship between Transport Infrastructure and Performance in Rail and Road Freight Transport—A Case Study of Japan and Selected European Countries," Sustainability, MDPI, vol. 13(12), pages 1-20, June.
    4. Serban Raicu & Dorinela Costescu & Mihaela Popa & Vasile Dragu, 2021. "Dynamic Intercorrelations between Transport/Traffic Infrastructures and Territorial Systems: From Economic Growth to Sustainable Development," Sustainability, MDPI, vol. 13(21), pages 1-16, October.
    5. Zheng LU & Xiang DENG, 2017. "Regional Specialization: New Methods Of Measurement And The Trends In China 1987-2007," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 17(2), pages 119-134.
    6. Herrmann-Pillath, Carsten & Libman, Alexander & Xiaofan, Yu, 2010. "State and market integration in China: A spatial econometrics approach to 'local protectionism'," Frankfurt School - Working Paper Series 137, Frankfurt School of Finance and Management.
    7. Kym Anderson & Anna Strutt, 2012. "Agriculture and Food Security in Asia by 2030," Macroeconomics Working Papers 23309, East Asian Bureau of Economic Research.
    8. Qun Bao & Jiuli Huang & Yanling Wang, 2015. "Productivity and Firms’ Sales Destination: Chinese Characteristics," Review of International Economics, Wiley Blackwell, vol. 23(3), pages 620-637, August.
    9. Stephan Heblich & Stephen J Redding & Daniel M Sturm, 2020. "The Making of the Modern Metropolis: Evidence from London," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 135(4), pages 2059-2133.
    10. Han, Yi & Wu, Mingqin, 2024. "Inter-regional barriers and economic growth: Evidence from China," Journal of Development Economics, Elsevier, vol. 167(C).
    11. Lu, Jiangyong & Tao, Zhigang, 2009. "Trends and determinants of China's industrial agglomeration," Journal of Urban Economics, Elsevier, vol. 65(2), pages 167-180, March.
    12. Andrés Rodríguez-Pose & Viola von Berlepsch, 2012. "When migrants rule: the legacy of mass migration on economic development in the US," Papers in Evolutionary Economic Geography (PEEG) 1216, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Aug 2012.
    13. He, Qing & Xue, Chang & Zhu, Chenqi, 2014. "Financial development and patterns of industrial specialization : Regional evidence from China," BOFIT Discussion Papers 12/2014, Bank of Finland, Institute for Economies in Transition.
    14. Das, Abhiman & Ghani, Ejaz & Grover, Arti & Kerr, William & Nanda, Ramana, 2024. "JUE insight: Infrastructure and Finance: Evidence from India’s GQ highway network," Journal of Urban Economics, Elsevier, vol. 142(C).
    15. Stephan Maurer & Ferdinand Rauch, 2023. "Economic geography aspects of the Panama Canal," Oxford Economic Papers, Oxford University Press, vol. 75(1), pages 142-162.
    16. Chilosi, David & Federico, Giovanni, 2015. "Early globalizations: The integration of Asia in the world economy, 1800–1938," Explorations in Economic History, Elsevier, vol. 57(C), pages 1-18.
    17. Li, Yifan & Miao, Zhuang & Wang, Junbo & Zhang, Yan, 2023. "The FDI liberalization and skill structure of labor market in China: The predicament of migrants," MPRA Paper 117923, University Library of Munich, Germany.
    18. Allen, Robert C., 2012. "Backward into the future: The shift to coal and implications for the next energy transition," Energy Policy, Elsevier, vol. 50(C), pages 17-23.
    19. Canfei He & Fenghua Pan & Yan Yan, 2012. "Is Economic Transition Harmful to China’s Urban Environment? Evidence from Industrial Air Pollution in Chinese Cities," Urban Studies, Urban Studies Journal Limited, vol. 49(8), pages 1767-1790, June.
    20. Kym Anderson & Anna Strutt, 2014. "Emerging economies, productivity growth and trade with resource-rich economies by 2030," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 58(4), pages 590-606, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:15:y:2023:i:10:p:8329-:d:1151491. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.