Education, Science, Technology, Innovation and Life
Open Access
Sign In

Research on the Economic Growth Effect of Shaanxi Free Trade Zone

Download as PDF

DOI: 10.23977/pree.2024.050114 | Downloads: 6 | Views: 231

Author(s)

Menghe Chen 1

Affiliation(s)

1 School of Henley Business, Reading University, Reading, RG6 6UR, United Kingdom

Corresponding Author

Menghe Chen

ABSTRACT

At this stage, China's economy has stepped into a new era of high-quality development, and the construction of free trade zones has provided new growth momentum for the country's economic development. The establishment of Shaanxi FTZ is a major initiative to comprehensively deepen reform, expand opening up, accelerate the construction of "Belt and Road" and deeply promote the development of western China under the new situation. Based on the development status quo of Shaanxi FTZ, this paper empirically examines the economic growth effect of Shaanxi FTZ by using the principal component analysis method, and concludes that the establishment of Shaanxi FTZ has a significant positive impact and economic effect on regional economic growth through institutional factors such as trade facilitation and investment liberalization. Therefore, it is necessary to change government functions, promote the transformation and upgrading of foreign trade, accelerate the reform in the field of investment, and deepen the innovation in the field of finance in order to promote the development of Shaanxi FTZ, so as to promote the high-quality development of Shaanxi's economy.

KEYWORDS

Shaanxi Province, Free Trade Zone, Economic Growth Effect, Principal Component Analysis Method

CITE THIS PAPER

Menghe Chen, Research on the Economic Growth Effect of Shaanxi Free Trade Zone. Population, Resources & Environmental Economics (2024) Vol. 5: 101-110. DOI: http://dx.doi.org/10.23977/pree.2024.050114.

REFERENCES

[1] Jun Zhang, Dongsheng Yan, Zongxian Feng, Cheng Li. Research on the economic growth effect of free trade zones--Dynamic analysis based on double difference spatial autoregressive model. Economic Jingwei, 2019, 36(04): 71-77.
[2] Zhao Liang. Empirical simulation of economic growth driven by China's free trade zones--Based on the thinking of "innovation-driven" economic growth. Journal of Shanghai University of Finance and Economics, 2017, 19(04): 28-40.
[3] Ning Xianmei. Evaluation of the economic effects of the establishment of Guangdong Free Trade Zone. Guangdong University of Foreign Studies, 2020, 59-64
[4] Kang Peiyue. Study on the impact of Tianjin FTZ on the economic growth of Beijing, Tianjin and Hebei. Bohai Economic Outlook, 2020, (04): 76-77.
[5] Xu Shiteng. Empirical analysis of the relationship between foreign trade and economic growth in Shandong. Journal of Yantai University (Philosophy and Social Science Edition), 2005, (01): 77-80.
[6] Liu Wen, Fang Guangting. Human capital, human capital externalities and economic growth in Shandong. Dongyue Lecture Series, 2008, (06): 56-59.
[7] Wang Ping. The impact of FTZ policy on regional GDP development under the perspective of double difference analysis. Market Research, 2020, (07): 41-42.
[8] Ji Fang. Empirical analysis of factors influencing China's economic growth. Capital University of Economics and Business, 2009, 03(01): 59-68.
[9] Xiang Houjun et al. Free Trade Zone Establishment, Trade Development and Capital Flows--A Study Based on Shanghai Free Trade Zone. Financial Research, 2016, 10(2): 5-9.
[10] Tao Rong. Theoretical and Practical Reflections on the Selection of China's Export-Oriented Economic Growth Model. China Business and Trade, 2009, 07(16), 59-69.
[11] Li Wenzeng. Playing the role of Tianjin's center city to create a strategic base point for new development pattern. Seeking Knowledge, 2020, 12-16.
[12] Qu Ning et al. Building the Tianjin FTZ - a new pole of economic growth. Tianjin Economy, 2014, 9-20.
[13] Wang Yu. Tianjin FTZ Financial Reform and Innovation Boosts Commercial Banks' Development. China Business Review, 2015, 11-16.
[14] Lee, D. Tsuen. Innovation is the soul of the Pilot Free Trade Zone. Shandong State Capital, 2019, 9-15.

Downloads: 867
Visits: 31540

All published work is licensed under a Creative Commons Attribution 4.0 International License.

Copyright © 2016 - 2031 Clausius Scientific Press Inc. All Rights Reserved.