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《Journal of Finance and Economics》 2007-08
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Regional Comparative Analysis on the Relationship between Transport Infrastructure and Economic Growth in China

ZHANG Xue-liang (The Institute of Finance & Economics Research,Shanghai University of Finance and Economics,Shanghai 200433,China)  
Since 1980s,economists have mainly used production function approach to carry out empirical analysis of the relationship between transport infrastructure and economic growth with time series data and panel data.The result of the analysis with time series data is incredible due to the too high elasticity of transport infrastructure,while the too low elasticity drawn from panel data contradicts with realities.This paper,through analysis on the regional difference in development level of transport infrastructure in China and through panel data research,tries to reveal the relationship between transport infrastructure development level and regional economic growth in China,and discusses the importance of developing transportation firstly to the rise of Central China.The main findings include:(1) The transport infrastructure and economic growth of China show an evident feature of spatial cluster,with economic growth and transport infrastructure largely concentrating in developed eastern coastal regions,forming a gradient gradually diminishing from east to west.(2) The local transport infrastructure elasticity of economic growth is 0.0563~0.2058, between the figures calculated by early researchers based on time series data and panel data.(3) As viewed from the contribution of transport infrastructure to economic growth,the transport infrastructure in central area makes the largest contribution to economic growth compared to the east and west areas,suggesting that developing transportation firstly are important to the rise of Central China.
【CateGory Index】: F512;F124
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