Research On The Integration Of Commodity Market And Regional Economic Growth In Western China

Market integration is the foundation and core of regional integration.Under the background of the new situation and new development pattern,the promotion and realization of regional market integration in the western region is of great significance and far-reaching impact on the high-quality economic development of western my country and even the whole country.Compared with the developed regions in the east,the market integration process in the western region with its vast territory,sparse population and obvious regional differences must have a differentiated development orientation.With the continuous and in-depth development of the western development strategy and the key cultivation and development of urban agglomerations in the western region,the integrated development of the regional market,especially the regional commodity market,has multiple implications for the economy development of the western region.From the perspective of policy background,China has issued a series of plans and policies to promote the development of regional integration.It has increased the policy preference for the western region in terms of institutional reform,infrastructure construction,and improvement of the public service system.The market integration in the western region is facing the good policy environment.From a theoretical point of view,commodity market integration is an important condition for economic growth in underdeveloped regions,but the impact and mechanism of commodity market integration in underdeveloped regions on regional economic growth requires in-depth theoretical discussion.From the perspective of practical value,breaking the market segmentation between regions and cities,promoting the development of market integration in a broader,closer and deeper direction,and forming a national unified market will further promote the deepening and interaction of regional economic ties in the western region and even the whole country.Integrating and promoting high-quality economic development has important practical guiding significance.Based on the western region,this paper focuses on the integration of commodity market and regional economic growth in the western region.The main research contents and findings are as follows:First,this paper sorts out and summarizes domestic and foreign literatures on regional market integration and regional economic growth,and conducts a theoretical analysis on the relationship between commodity market integration and regional economic growth levels in underdeveloped regions.At the same time,combined with regional economic growth theories such as equilibrium growth theory and non-equilibrium growth theory,and regional market integration theories,this paper analyzes the impact and mechanism of the integration of commodity markets in the western region on regional economic growth from a theoretical level and puts forward the basic assumption that regional commodity market integration can promote regional economic growth by expanding the market size and accelerating the cross-regional flow of factors.Second,this paper quantitatively measures and analyzes the current situation of the integration level of the regional commodity market and the level of regional economic growth in the western region.In terms of commodity market integration,this paper selects the data of 13 types of commodities and uses the relative price method to determine the regional commodity market integration index of 52 sample cities in 12 provinces in the western region from 2007 to 2019 from the city level.The results show that the commodity market integration level of the 52 sample cities in the western region is on the rise as a whole,but it is generally at a lower level than the average level in the eastern,central and national regions.In terms of regional economic growth,this paper uses the per capita GDP index to measure.The results show that the economy of the cities in the western region shows a continuous growth trend as a whole,but the economic growth rate has slowed down significantly.Third,based on the panel data of the western region,this paper systematically demonstrates whether the integration of commodity markets can become a path for high-quality economic development in the western region.By constructing an empirical model,this paper examines the relationship between commodity market integration and economic growth in the western region in turn,and further demonstrates that the improvement of commodity market integration in the western region can promote economic quality,efficiency,transformation and development,and become a way for local economic growth.In addition,from a regional perspective,there are regional differences in the impact of commodity market integration on regional economic growth in the western region.The relationship between commodity market integration and economic growth in the western region is generally linear,but the empirical results show that commodity market integration in the southwest region has a greater positive effect on economic growth.Fourth,in order to test whether there is heterogeneity in the economic effects of regional commodity market integration,this paper conducts a group test on different situations in economic development.The results show that: from the perspective of government intervention,in regions where the proportion of government expenditure is relatively low,the positive impact of commodity market integration on regional economic growth is more prominent.From the perspective of the size of the city,cities with a high degree of population agglomeration and large urban scale provide a broad market space for the integration of commodity markets to release economic effects,making the regional commodity market integration more effective in promoting regional economic growth.Judging from the opening of high-speed railways,cities that have opened high-speed railways will reduce the positive effect of commodity market integration on regional economic growth to a certain extent.From the perspective of geographical location differences,the southwest region,which has relevant location advantages such as the construction of new land-sea corridors,has a more obvious role in promoting regional economic growth through the integration of commodity markets.Fifth,this paper selects the total retail sales of social consumer goods and the total freight volume as intermediary variables,and further through the mechanism test to verify the mechanism and path of the regional commodity market integration affecting the economic growth of the western region.The research results show that the impact of the integration of commodity markets in the western region on regional economic growth is mainly achieved by accelerating the flow of regional factors,improving the efficiency of factor allocation,and promoting the expansion of market scale.Finally,in view of the main problems and practical constraints in the integration of the commodity market in the western region and economic growth,this paper proposes countermeasures and suggestions to promote the integration of the commodity market in the western region to give full play to its positive economic growth effect.It includes: Strengthen the construction of communication facilities and logistics channels in the northwest and southwest regions;Break down regional administrative divisions and policy barriers and improve market mechanisms;Work together to build a multi-level open cooperation platform to promote economic benefit sharing;Give full play to the leading and leading role of central cities and urban agglomerations on surrounding small and medium-sized cities.Compared with previous studies,this paper quantitatively measures and analyzes the level of commodity market integration in the western region and its impact and mechanism on regional economic growth from the urban level.It will help to enrich and expand the theoretical and empirical research content of the impact of commodity market integration on economic growth in the western region,and provide practical and policy inspiration for promoting the market integration construction and high-quality economic development in the western region in the new era.