| The Spatial Econometrics as a rising subject is applying in lots of economic fields of Economic Growth, Regional Economics and Urban Economics. Moreover, the Economic Growth has gradually become one of the focuses what the spatial econometric scholars study. The abundant literatures have proved it is necessary and robust that the spatial variables account for regional economic growth and per income difference among regions or countries by comparing the empirical results between the spatial economic growth model and non spatial economic growth model.But, the spatial econometrics study about economic growth in China is superficial. The majority of spatial econometric model is rough, which is presented by adding spatial terms of variables into non-spatial economic growth model. In addition, the majority of existing literatures run the spatial econometric regression using the cross-sectional data. It leads to that the spatial effect is exaggerated. The correlative study from production factor aspect has ignored the the spatial effect of human capital, and the heterogeneity of FDI different from the domestic capital.Based on the physical capital externalities, the heterogeneity of the capital's spatial spillover and the technological spatial interdependence between provinces, the paper develops spatial econometric models and runs an empirical regression in order to estimate truly the contribution of domestic investiment, FDI and human capital on regional economic growth,and the spatial effect of domestic investiment, FDI and human capital which is significantly different in Chinese different region.Firstly, this paper analyses the effect of domestic investment, FDI and human capital on regional economic growth, and has a statistical analysis about regional economic growth and the difference of different regions in China. Secondly, the paper supposes that the spatial interdependence of the change of the aggregate level of technology exists between economies, and the physical capital externalities exist. Based on the Solow economic growth models, the paper develops a Spatial Solow Model and conduct Fixed-effect Spatial Panel Estimation using in the sample of China and China's eastern region. The empirical results approve the correctness of hypothesis and receive lots of vigorous conclusion. Again, the methos of GWR is used to estimate the contribution of domestic investment and FDI on regional economic growth and their spatial effects, which is heterogeneous in Chinese different provinces. Thirdly, based on the same hypothesis, the paper expands physical capital to generalizede capital, and presents a Spatial MRW Model on the basis of MRW model. The paper has Fixed-effect Spatial Panel Estimation using in the sample of China in order to estimate the spatial effect of human capital and different effection in different regions in China. The results display the Spatial MRW Model is superior to MRW model.Fourthly, the paper develops a Spatial Benhabib—Spiegel model on the basis of the economic growth models proposed in Benhabib and Spiegel(1994) in order to study the effect of human capital. The effect of human capital is divided into the ability of absorbing the advanced technology from techchnology leader and the ability of innovation in Sptial Benhabib—Spiegel. The results including the spatial effect of human capital is not sidnificant, is gained.Finally, the paper summarizes the results which are in the following.①The technological spatial interdependence between provinces exist significantly.②Compared with Solow Model, MRW Model and Benhabib-Spiegel,The regression results of Sptial Solow Model, Spaital MRW Model and Spatial Benhabib-Spiegel are better.③The spatial spillover effect of domestic capital which is decreasing from east to west is significant. The contribution of domestic capital and its spatial spillover effects to economic growth is decreasing from east to west. The contribution of domestic capital to economic growth is the largest in China's western region.In other words.④Different from domestic capital, the spatial spillover effect of FDI has the heterogeneity. The contribution of FDI to economic growth and the degree of spillover is less than domestic capital. But, the spatial spillover effect of FDI is insignificant except in China's eastern region.⑤The spatial spillover effect of human capital is insignificant in the whole country, China's eastern region and China's western region.⑥The contribution of human capital and its spatial spillover effects to economic growth in China's eastern region is not more than in China's western region.⑦The ability of innovation of human capital is insignificant while the ability of absorbing the advanced technology from techchnology leader is significant in China. Specifically, the ability of absorbing the advanced technology from techchnology leader is significant in China's eastern region while is insignificant in China's western region. The ability of innovation of human capital is insignificant in China's eastern and western regions.Moreover, the paper put forward some suggestion in order that production factors is invested effectively, the spill over effection of FDI is exerted as great as possible, and the economic level is increased harmoniously between different regions in China.
|
PDF Full Text Request