Research On The Impact Of Opening Up On China’s Regional Economic Growth

Since the reform and opening up, the speed of China’s economic growth is increasing. From limited opening to a full range of open, China linked more closely to the rest of the world market, in improving the overall national welfare, China’s international status enhance. At the same time, with the new situation of economic globalization and the further development of opening to the outside world, the three regions of East, middle and west of China present different economic development level. All along, the research on opening up and economic growth has been the economic problems of domestic and foreign scholars, then, whether the opening up can promote economic growth? What is the mechanism of opening to the outside world? What is the impact of opening up on economic growth? In view of this, this thesis attempts to analyze the impact of opening up on China’s regional economic growth from the theoretical analysis and empirical analysis of two aspects, in order to provide some reference for our country after the opening.Firstly, the thesis defines the related concept of opening to the outside world and economic growth, combs related theory including the theory of regional division of labor, comparative cost theory, factor endowments theory and endogenous economic growth theory, and then reviews the relevant research at home and abroad.Secondly, the thesis analyzes the impact mechanism of opening to the outside world. Opening to the outside world affects the economic growth mainly through the accumulation mechanism, technology spillover mechanism, industrial agglomeration mechanism and institutional change mechanism. These mechanisms can improve the level of innovation and technology through the accumulation of physical capital and human capital, besides, it can also promote industrial agglomeration and improve institutional factors such as ways to further improve the productivity, and then promote the economic growth in China.Thirdly, the thesis studies the difference between the opening up and the regionaleconomic growth in China from the three aspects of the East Middle and the West. It is found that the level of China’s opening to the outside world rises, of which the import and export volume and foreign direct investment amount of the overall increase through the analysis of China’s provinces’ data. Besides, there is a clear gap between the three regions in the foreign trade dependence degree and the foreign capital dependence degree, and there is a convergence trend in the degree of opening to the outside world. In addition, it is found that the differences between regional development decreased first and then increased and then decreased according to the annual economic growth of related data and the Theil index and the coefficient of variation.Fourth, the thesis establishes a panel data model to calculate the data of three regions of China from 1992 to 2013, respectively, to analyze the impact of opening up on regional economic growth of China’s three regions.Fifth, based on the above theory and the empirical analysis, there are several relative suggestions on how to better open up in the future under the new situation of economic globalization. The first is to refresh opening up innovative management mechanism, in order to improve the efficiency of the national level of opening to the outside world; the second is to promote the upgrading of trade structure of the eastern region; the third is to improve the investment environment in central and western regions in order to promote the development of the central and western regions.