Empirical Research On Regional Economic Disparity Of Henan Province

Henan Province is the foundation of the Central China Urban agglomerations, the principal part of the Central Plains Economic Region and the important member of the China Central. Since Reform and Opening up, the economic development of Henan Province has made remarkable achievements. But at the same time, regional economic disparity has expanded much more than before. Therefore, the study on regional economic disparities of Henan Province is urgent and significant at present. Taken the eighteen prefecture-level cities of Henan Province (including its county-level cities subordinated) as the research objects, the paper makes the empirical analysis on the regional economic disparities of Henan Province.Firstly, the paper measures the regional economic disparities among the eighteen cities of Henan Province with the range index and the variation coefficient of the gross domestic product (GDP) per capita. With the curve of the variation coefficient on the GDP per capita and the range value, we conclude the situation of the economic disparities of Henan Province in detail to make clear that it is really urgent to narrow it.Based on the conclusion of the research published and the Solow’s model without human capital, the paper innovatively decomposes TFP under the neoclassical hypothetic for studying the economic disparities of Henan Province:Firstly, the paper estimates the output elasticity of capital and labor in Henan Province by revenue share method; then, the paper measures the disparity of labor factor productivity, capital factor productivity and factor input among18cities of Henan Province by variation coefficient; after that, the paper analyses the impact of the three series of variation coefficient to the variation coefficient of the gross domestic product (GDP) per capita person via the VAR model; the results show that the disparity of labor factor productivity, capital factor productivity and factor input among18cities all have influences on the disparity of GDP per capita, but the factor of capital input has played the most important role; based on the result, the paper discusses the reason of the economic disparity in detail.In the end, we conclude the whole paper, and give the proper suggestion to narrow the regional economic disparities of Henan Province.