A Comparative Study Of The Market Integration And Its Influencing Factors Of The Central Delta Urban Agglomeration And The Yangtze River Delta Urban Agglomeration

Under the background of China's regional economic integration and the construction of the Yangtze River Economic Belt,the Central Delta Urban Agglomeration and the Yangtze River Delta Urban Agglomeration are faced with unprecedented development opportunities.Yangtze River Delta urban agglomeration as one of the most dynamic and open areas of China's economy,how to further optimize and enhance the integration of urban agglomeration in the Yangtze River Delta,and play an important leading role in the coordinated development of regional economy;The Central Delta Urban Agglomeration as the first cross-regional urban agglomeration planning after the introduction of"National Plan on New Urbanization".How to promote the integrated development of the urban agglomeration,support to the construction of the rise of the central region,is placed in an urgent topic in front of the academic and the government.This paper reviews the domestic and foreign research results,and analyzes the meaning and influencing factors of market integration.Then based on the relative price method and 1246 groups of cities data,this paper evaluates and compares the degree of market integration of the Central Delta Urban Agglomeration and the Yangtze River Delta Urban Agglomeration in 1999-2013.By using the composite index constructed by the entropy method and fixed effect model to study the influence factors of the market integration of the two urban agglomerations.The results show that:Over the past 15 years,the level of market integration of the two urban agglomerations showed a rising trend,but the level and the process of market integration of Yangtze River Delta Urban Agglomeration are better than the Central Delta Urban Agglomeration.Local protectionism,Economic-oriented degree and Transport infrastructure are the common factors that affect the market integration of the two Urban Agglomerations.Local protectionism and Economic-oriented degree are the main obstacles to the market integration of the two urban agglomerations,while transport infrastructure promotes the market integration of two urban agglomerations.The accessibility of information,the level of economic development and urbanization are differentiation factors affecting the market integration of two urban agglomerations.The level of economic development and urbanization are conductive to the market integration of the Yangtze River Delta Urban Agglomeration,but restricted the market integration of the Central Delta Urban Agglomeration.The accessibility of information hinders market integration of the Yangtze River Delta Urban Agglomeration,but promotes the market integration of the Central Delta Urban Agglomeration.Finally,based on the analysis of the problems in the process of market integration of the two major urban agglomerations,policy implications are given to promote the integration of the two major urban agglomerations.