A Rearsch Of Economic Developing Zones And High-tech Zones Based On The Life-cycle Theory Of State-level Developing Zones

The research is based on life cycle theory of state-level development zones regarding the development of Economic Development Zones and High-tech Development Zones, including the spatial spillover effects, the economic growth efficiency and modes, the regional innovation system and etc. It can reveal the development of the state-level development zones, find out the optimal development model and optimize the development path of backward areas. Therefore, this dissertation, after reviewing and re-examining the development of state-level development zones in last twenty more years, is to study from a macro perspective the features of Economical Development Zones and High-tech Development Zones and differences and similarities between the two, in hope that different yet appropriate industrial policies will be implemented on different development zones at all stages.(A) Life Cycle Theory of Development ZoneBased on the above cognition, firstly this dissertation is to combine the life-cycle theory of the state-level development zones with that of the industry, the corporate and the technology in order to discuss the relationship between them and establish a macro life cycle theoretical framework. The growth stage of the state-level development zones’life cycle corresponds to the growth, maturity and recession periods of the industry life cycle theory, but only to the leading period-growth stage of the technology life cycle theory. As for the industry life cycle theory, if appropriate industrial policy is implemented or industry itself succeeds in transformation, industry life cycle is similar to the state-level development zones’ life cycle. The development of High-tech Development Zones mainly relies on the technology life cycle, while the development of Economic Development Zones depends largely on the industry life cycle. In addition, due to the distinct features of state-level development zones’ life cycle, state-level development zones can be better positioned according to the special industrial policy and development goals at different stages.(B) Specialized Production and Industrial Structure ConvergenceIn order to discriminate the differences between the long-term developments of state-level development zones, certain statistic methods are applied to study on the development state and industrial convergence of state-level development zones. Traditional leading industry, based on regional specialization index, is relatively evenly distributed and keeps little differences in the degree of regional specialization, but emerging industries of strategic importance get very large differences in the degree of regional specialization:Although chemical industry and appliance manufacturing industry is concentrated, specialization is not deep; the biomedical industry are distributed in the country, but mainly specialized production concentrated in some developed areas; digital technology, the marine industry, the IT and the creative industries, geographical concentration and specialization are matched. The state-level development zones which select emerging industries of strategic importance as the leading industry has obvious industrial convergence, furthermore, this convergence is not only appear in the same development zone but also spread through High-tech zone.Therefore,optimizing the industrial structure and developing a comparative advantage are two types of method of complementary and synergistic development(C) The production efficiency and difference of growthFirst, economic and high-tech zones didn’t ostensibly achieve technical improvement, at the same time neutral technical progress features are not significant. Second, through the decomposition of SFA function and TFP, there are two significantly different driving force of making the economic and high-tech zones progress.Preferential policies is the main driving force of development in the early stages of development, in the mature stage economic zones mainly relying on economies of scale,high-tech zones however the allocation of resources to develop. Therefore, the FDI should be used to Economic Development Zones but High-tech zones mainly rely on the development of resources. In addition, the distortions in the labor market have limited the development of state-level development zones, specifically limited economic developing zones.(D) Spatial spillover effects of the state-level developing zonesThe Moran’s I index shows that the assumption of the new economic geography is still valid:the the geographical spillover effect diminishes with increasing distance under the assumption of the presence of transport costs and imperfect competition. Local Moran’s I index reveals economic zones have broader radiation and most of the region is located in the high growth lag quadrant. Spatial econometric regression model (SEM and SLM) found High-tech Zones direct spillover effects of the economic growth is6%, the main source of the overflow mechanism investment in fixed assets, R&D and human capital flows, technology diffusion effect is more significant, indirect spillover effects to the region’s economic developing marginal impact is5%, spillover rely mainly on the areas of specialization. Ability of technology diffusion is overestimated, but influence of industrial overflow channels is underestimated.(E) RIS is an important basis for state-level developing zonesIn the original period the adminstration-led RIS is more fitted and Marshall’s externality effect is more significant; in the growing period the studying and science policy is more fitted; in the mature period, innovative policies and marketing RIS can significantly promote the diffusion of technology and overflow, Jacob’s externality is more efficient.(F) Industrial policyEffctiveness of industrial policy is weakened due to the special system of background, ambiguous identity, the impact of rent-seeking behavior and the principal-agent problems. First, the relatively the fixed appraisal system and decentralization game system is not conducive to the existing industrial policy to make the right path, the local government will run for short-term benefits and greater decentralization, meanwhile the principal-agent problems in the rent-seeking FDI mode and policy further lead to a waste of resources for national developing zones. Secondly, the index system did not play a proper role in planning. Index system should be stratified according to the stage of the state-level developing zones. The loss of tax revenue and local welfare distortions is the loss of the state-level developing zones in the absence of the rational industrial policy. Therefore, another important measure of the state-level developing zones is to strengthen the protection of the implementation of policies and related legislation.Finally, now industrial policy for the high-tech zones and economic zones is not very different, which inevitably leads to the convergence of the industrial structure based on the convergence of industrial policy. Therefore, the policy and strategy of the high-tech zones and economic zones should be divided according to the different stages.