Market Integration And Influencing Factors Of The Yangtze River Economic Belt

In recent years,regional integration has become an important way for countries around the world to promote coordinated regional development.The new situation of regional integration organizations and regional integration has emerged continuously,and regional integration has been deepening throughout the world.Among them,market integration is the basic link to promote regional integration development.Relying on the Yangtze River and building the Yangtze River Economic Belt is an important measure to promote regional coordinated development in the new era.At present,the development of the Yangtze River Economic Belt has risen to the national strategy.Realizing the market integration of the Yangtze River Economic Belt will help eliminate the barriers to the flow of goods and factors,realize the sharing of resources,services and markets,improve the efficiency of labor production,help to complement the functions of the 11 provinces and cities along the Yangtze River,promote the transformation of new and old kinetic energy,and Promote the coordinated development of the eastern,central and western regions of the Yangtze River Economic Belt.Therefore,the Yangtze River economic belt is chosen as the research object,and this paper takes "literature review-establishment of analysis framework-current situation evaluation-establishment of measurement model-Empirical Analysis-proposal" as the research idea,and collect data on commodities,labor force and capital of provinces and cities in the Yangtze River economic belt from 1997 to 2017.Using the method of relative price method and variance of return on capital,calculate the integration index of commodity market,labor market and capital market in the provinces and cities of the Yangtze River Economic Belt.Then use the entropy weight method to calculate the integrated market integration index of the Yangtze River Economic Belt,and carry out evaluation and analysis.In addition,based on the new economic geography 3D analysis framework,the influencing factor index system is constructed,and the panel data is used for regression,relevant opinions and suggestions are proposed based on the regression results.First of all,based on the theory of customs union theory,common market theory,new economic geography,comprehensive development strategy theory,etc.,this paper sorts out the research results in recent years from the aspects of market integration connotation,integration measurement and influencing factors,and finds that When academics study market integration,they usually focus on the commodity market.They do not combine factor markets and commodity markets.They usually choose to study the integration of commodity markets and the influencing factors from a national perspective.Considering that the economic development level of Chinese eastern,central and western regions is extremely uneven,the resource endowments and economic structure are also very different.This paper argues that if market integration is considered from a national perspective,the results obtained may be biased.In comparison,regional market integration is more worthy of study.Therefore,this paper combines the theory and the empirical to study the related issues of market integration.Secondly,establish the relevant market integration measurement index system of the Yangtze River Economic Belt,including the commodity market and the factor market,where the factor market includes the labor market and the capital market.In the commodity market and the labor market,the relative price method is used to measure the integration index,the capital market adopts the capital return rate deviation method to calculate the capital market integration index,and the entropy weight method is used to comprehensively calculate the Yangtze River economic belt market integration index.The Yangtze River Economic Belt is divided into three regions: the Yangtze River Delta,the middle reaches of the Yangtze River,and the lower reaches of the Yangtze River for comparative analysis.The study found that in the past 20 years,the market integration index of commodities,labor,capital and Yangtze River Economic Belt in the 11 provinces and cities of the Yangtze River Economic Belt has been steadily rising,and most provinces and cities have maintained the same volatility,and the Yangtze River Economic Belt has unified the big market.The construction is developing steadily.From a regional perspective,the development of the three major regions is also relatively similar,basically showing a steady rise-a large shock-tending to stabilize three stages,the market integration of the Yangtze River Economic Belt has shown a steady upward trend,indicating the market integration of the Yangtze River Economic Belt is developing steadily.Then,based on the 3D analysis framework of the new economic geography,the index system of the market integration factors of the Yangtze River Economic Belt is constructed.Using the panel data,the regression analysis of the influencing factors of the 11 provinces and cities market integration index of the Yangtze River Economic Belt was carried out,and the three regions were separately regressed for comparative analysis.The study found that both density and segmentation factors have passed the significance test,in which the opening up has a restraining effect on market integration,other factors are positively promoting,and distance factors promote market integration,but the promotion effect is not obviously.From the regional perspective,the segmentation factors in the Yangtze River Delta region have a significant impact on market integration.The influence of density factors and segmentation factors in the middle reaches of the Yangtze River and the upper reaches of the Yangtze River,the impact of government decentralization on market integration is obvious,and the opening up is also showing inhibition.Finally,the conclusions of this paper are drawn based on the analysis of the Yangtze River Economic Belt Market Integration Index and the influencing factors,and then relevant policy recommendations are proposed based on the conclusions,and the areas that can be improved in the future are pointed out.