| Economical development depends on elements of production such as capital, labor force, technology, etc. At the same time, richness or scarce of element and agglomeration conformity ability of element restrained regional economic development. The supplies of elements already may obtain in the regional interior, may also gain through the flowing of elements, but the flowing of elements will have the major influence on the regional economic gap. No matter, from short-term, in the long run, capital flow is one of important influences of regional economic gap. Constrained by the traditional economic theory, we understand capital flow simply that capital flow only exists between the country and become pronoun of international capital movement. we has insufficient research to capital flow between the domestic different regions, as a result, it is difficulty to analysis the development level of regional economy in ability difference. so that the monetary system which capital flow has influential role seriously lags in other reform of economic system in practice. In traditional planned economy system in China, the central authority only arrange the distribution of capital (fund), folk spontaneous fund and foreign capital is restricted, it is not bring tremendous influence, thus it is neglected. Since reform and openness, China implemented economic system reform in market direction, this situation of capital flow quickly change. Economists devote to study the question, which involved the expansion of regional economic gap and the inequality of capital distribution which caused capital flow in China.Therefore, this article has research on the influence of capital flow on regional economic gap,the research will have the important practical and the theoretic significance, regardless of to promote the regional economic development which construct harmonious society, to reduce the regional economic gap in China.To the new change of the factors which influence regional economic gap in China, this article makes a systematic study on the relationship between capital flow and the regional economic gap. Through the main factorial analysis on affecting the regional economic gap, the article obtain the factor of capital flow is the main factor. In market economy system, on the one hand, capital flow can cause region allocation of capital, thus causes other resources reallocation, on the other hand, in order to adapt market economy industrialization, capital flow will also cause industrial agglomeration in different regions, and industrial agglomeration will enhance allocative effects of capital.Based on this, this article has constructed the dynamical mechanism on influence capital flow on regional economic gap, the dynamical mechanism is disposed from two angles of resources reallocation and industrial agglomeration,and made a systematic study on the influence dynamical mechanism of capital flow on regional economic gap in the mathematical model, and reveals the function mechanism and the influence rule of capital flow on the regional economic gap. At the same time, in fundamental research's foundation, using the 1979-2006' correlation data Chinese three economic region in China, this article makes empirical studies on the relationship between the effect of resources reallocation and the regional economic gap, Moreover it analyzes the influences of the industrial agglomeration on the regional economic gap, and makes an careful examination on the relation between capital flow and the regional economic gap. Finally, in order to reducing the regional economic gap and realizing coordinated development of regional economies, this article has put forward some relative suggestions from the angle of capital flow.Specifically speaking, this article has mainly depicted the following aspects:1 Introduction. Firstly, This part has made out the significance of this article, and has explained the related basic concept, then introduced basic soul and method of this article, as well as paper innovation and structure arrangement.2 Researchful summary on capital flow and regional economic gap. This part systematically summed up the correlation theories and empirical studies mainly what be the capital theory of domestic and foreign, capital flow theory as well as the regional economic gap, thus coordinated development process of the correlative as well as the related empirical study method and conclusion.Based on the above analysis, the part further has made the summary of related literature in domestic and foreign to the influence capital flow on regional economic gap . Thus this part has formed the foundation of the full text research.3 The analysis of capital flow factor of regional economic gap. This part indicated through the research, three economic region gap has expansile tendency year by year since the reform and open policy in China. At the same time, this article chooses the factors which are capital flow, the industrial structure, the labor force, policy position, utilizes the main factorial analysis, draws the conclusion that the circulation of capital flow factor is the main factor which affects the regional economic gap. Moreover, using the 1979-2006' provincial panel data in China, we has research the regional tendency of capital flow from the angle of deposit and the investment relations.4 The dynamical mechanism of influence of capital flow on regional economic gap: from the angle of resources reallocation. Because capital return rate causes capital flow in different regions, other resources including the labor force, the technology will flow, then the resources' flow also will economic development of regions which capital flows out and flows in. The empirical studies indicated that the eastern region is higher than the mid region and western region in the effect of capital reallocation. More, between the effect of capital reallocation and the regional economic gap, there is the bidirectional Grainger causal relation in the eastern region, but there is the unidirectional Grainger causal relation in the mid region and western region.5 The dynamical mechanism of influence of capital flow on regional economic gap: from the angle of industrial agglomeration. Along the conduction way what is capital flow-industry agglomeration -regional economic gap, this article used the core -periphery model to analysis the conduction mechanism.(1)The industrial agglomeration' core—periphery model of capital return difference. When trade cost is very low, capital flow is advantageous to the enterprise forms industrial agglomeration in the low cost region. When trade cost is mediacy, capital (then industry) flow has the multi-spot balance in short-term, but in long-term, this balanced is unstable. When trade cost is very high, capital flow is advantageous to the enterprise forms industrial agglomeration in the big market scale region. (2) The industrial agglomeration' core—periphery model of upstream and downstream relation. When trade cost is fully low, the downstream industry production department of monopoly-competition form industrial agglomeration of capital driving in the low wage rate region. When trade cost is very high, the downstream production industry of monopoly-competition form industrial agglomeration of capital driving in the big market scale region, the upstream department of competition completely gather at another region.(3) The regional economies grow' core—periphery model of industry agglomeration. This article thought that the industrial agglomeration is more centralized in a region, then this region and another region's economic gap is also bigger. Selecting 1979-2006' data such as the second industrial increment, third industry increment, regional Theil, the article constructed the VAR model in order to analysis empirically the influence of industry agglomeration on regional economic gap,6 The empirical research on the influence of capital flow on three regional economic gap. Using 1979-2006' regional panel data, this article has examined the relations between capital flow and regional economic gap, the result indicted that: (1)Capital flow is the Grainger reason of regional economic gap, but the regional economic gap is not the Grainger reason of capital flow. And, there is the long-term relations between capital flow and regional economic gap.(2) Capital flow of different channel has different influence on regional economic gap. There is positive influence between the entire social fixed assets investment, the capital formation total amount and the regional economic gap, but There is negative influence between regional economic gap and the center level funds transfer payment, the actual using foreign capital amount, the difference between save and loan in State bank . Under the industrial agglomeration' condition, the second industrial increment in value and the regional economic gap become correlational dependence, the third industry increment and regional economic gap become inverse correlation.7 Conclusion and policy suggestion. As the end of full text, this part has made the brief summary to the front findings, and has given the corresponding policy suggestion.
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