Study On Growth Economic Effect Of Market Integration

Since China has implemented the reform and opening up,the economy has been able to run at a high speed.However,the problems of over-large-scale economic development gap in different regions follow one after another.In order to narrow the development gap among different regions,only through market integration can the market mechanism be continuously improved to achieve effective resources Allocation in order to promote regional coordination and unify development.China has three major economic circles.These three economic circles are the pioneers of the country's strategy of regional coordinated development.The Beijing-Tianjin-Hebei Economic Circle and the Yangtze River Delta Economic Circle serve as the focal points for North China and East China respectively.In recent years,the regional center and economic center have constantly demonstrated their economic vitality and have played an important influence on our country and the world.Through the comparative study of these two economic circles,it is not only conducive to the improvement of economic strength of these two maj or regions,but also exerts an important exemplary role in other regions.Based on the research background and significance of market integration,this dissertation determines the research methods and overall ideas of this article,combs the main contents of this article,introduces the innovation and deficiencies of this research,and secondly,Summed up its meaning on the basis of the research on market integration and made a literature review;followed by theoretical analysis of the growth effect of market integration,elaborated the relevant theory Based on the analysis of the formation mechanism of the market integrated growth effect from the two dimensions of time dimension and dominant factor.Then using the relative price method,the market integration index of 13 cities in the Beijing-Tianjin-Hebei Economic Circle and 14 cities in the Yangtze River Delta Economic Circle for nearly 14 years was used,Which reflects the status quo and differences of the market integration in the two economic circles and makes an empirical regression using the market integration index as the main variable in the growth effect of market integration in the two economic circles from the dimension of the time dimension and the dominant factor Analysis of the differences between the two economies in the market of integrated growth effect.Finally,according to the positive results of the previous draws the pertinent suggestion.Overall,this study has important practical significance for the construction and development of market integration in the two major economic circles and even in the whole country.The results of the study show that,Firstly the level of market integration has been rising continuously.However,in contrast,the level of market integration in the Yangtze River Delta economic circle is higher than that of the Beijing-Tianjin-Hebei economic zone.Second,from the time dimension,the integration of short-term markets in the two economic circles has a significant role in promoting economic growth.The long-term market integration in the Beijing-Tianjin-Hebei Economic Circle has a slight hindrance to the growth rate of the per capita economy.However,in the Yangtze River Delta The long-term market integration in the economic circle continued to provide a steady stream of momentum for economic growth,indicating that the integrated development model of the Beijing-Tianjin-Hebei economic circle needs to be adjusted.Thirdly,from the perspective of the dominant factor,the economic circle of Beijing,Tianjin and Hebei is dominated by capital both in the short and long term,while in the short term,the economic circle in the Yangtze River Delta is dominated by capital and has long been transformed into the growth-driven effect of technology-led market integration.Beijing-Tianjin-Hebei Economic Circle need to promote the deepening of knowledge and technology development and transform the industrial structure.