Study On Economic Growth From The Perspective Of The Integration Of Northeast Factor Market

The economic development of Northeast China is in the doldrums in recent years.The analysis of economic growth in Northeast China from the perspective of factor market integration has certain practical and theoretical significance for solving the economic problems in Northeast China.There are many reasons for the economic depression in Northeast China,but the main reason is the problem of institutional mechanism,the government intervention too much in the economy,and not to play a good role in the allocation of resources of the market mechanism,so that the marketization process in Northeast China is slow,there are serious institutional drawbacks and economic structural defects.Therefore,in the past work reports on revitalizing Northeast China,it is emphasized to crack the institutional,institutional and structural contradictions that restrict the revitalization of Northeast China,and to promote the innovation of the institutional mechanism,the purpose of which is to speed up the marketization process of Northeast China,so that the market will allocate resources decisively,so as to realize the optimal allocation of resources.However,few scholars study the economic growth of Northeast China from the perspective of the integration of factor market.Therefore,this paper studies the economic growth of Northeast China from the perspective of factor market integration,which has certain practical and theoretical significance for solving the economic problems of Northeast China.In this paper,the relative price Index method is used to calculate the integration level of factor market in Northeast China from 2001 to 2017.Secondly,this paper analyzes the trend of the integration of the Northeast factor market and economic growth in 2001-2017,and finds that the integration of the Northeast factor market is consistent with the trend of economic growth,and the same decline and the same rise,indicating that the integration of the Northeast factor market has a positive relationship with economic growth.Thirdly,this paper makes an empirical study on the relationship between factor market integration and economic growth in Northeast China,and finds that there is spatial correlation between factor market integration and economic growth,so the spatial measurement method is selected,and the spatial lag model(SLM)is found to be suitable for this paper.Finally,based on the data of 34 cities in Northeast China from 2001 to 2017,this paper uses the space lag model(SLM)to analyze the relationship between the integration of Northeast factor market and economic growth,and also analyzes the differences among different provinces.This paper draws the following conclusions: first,during the period of 2001-2017,the factor market integration index in Northeast China fluctuated violently,and the overall trend showed a downward trend,the factor market integration in Northeast China has not been consolidated,and the factor market integration degree in Northeast China was not high,among which the factor market integration degree in Liaoning Province was relatively high,while that in Jilin Province and Heilongjiang Province was relatively low;second,the Northeast Region economic growth existed spatial dependence,the regional economic growth was interdependent,and finally formed a balanced result;third,during the period of 2001-2017,the factor market integration in Northeast China had a positive effect on economic growth,and the enhancement of factor market integration would promote economic growth;fourth,if the spillover effect of factor market integration was not considered,the effect of Northeast factor market integration on economic growth might be overestimated.Based on the conclusion of this paper,this paper puts forward the following countermeasures and suggestions to promote the economic growth in Northeast China: first,deepen the reform of factor market and improve the integration degree of factor market;second,deepen the financial reform and improve the integration degree of capital market;third,deepen the reform of Labor market and improve the integration degree of Labor market;fourth,deepen the reform of factor price marketization and improve the operation mechanism of factor market.