|
|
|
| RESOURCE CURSE EFFECT AND TRANSMISSION MECHANISM OF RESOURCE-BASED CITIES IN NORTHEAST CHINA |
| HUANG Yue, LI Qiu-yu, MEI Lin, LIU Ji-sheng |
| School of Geographical Science, Northeast Normal University, Changchun 130024, China |
|
|
|
|
Abstract Using the fixed-effect regression model and the data of 23 resource-based cites of Northeast China from 1999 to 2012, this paper analyzed the existence of resource curse effect, the transmission mechanism of resource-based cities and the comparison between typical types of resource-based cities and other types of resource-based cities in Northeast China. Studies reveal that the resource exploitation indeed imposes restrictions on the economic development of these resource-based cities and the resource curse effect exists in the time range of 1999-2012; except the resource exploitation degree, the fixed assets investment has the greatest promoting effect on economic development; manufacturing and education input have positive effects to some extent, but not as obvious as fixed assets investment. Foreign capital investment impedes the economic development, which means that these cities do not fully use the foreign capital investment; while city type has no obvious effects on the economic growth of resource-based cities. The driving function of manufacturing and educational input does not show up completely and the utilization rate of these two factors is lower than expected. The analysis of transmission mechanism shows that resource exploitation impedes economic growth mainly by the reduction of manufacturing input, fixed assets investment and education input, among which the negative effects on manufacturing input is the most important transmission mechanism of the resource effect in the resource-based cities in northeast China and this is the so-called Dutch disease effect.The influence of resource exploitation on foreign capital investment is complicated, because on one hand,there are policy restrains of foreign capital investment on many resource industries and on the other hand, it is possible that foreign capital investment may cause capital outflows.
|
|
Received: 17 November 2014
|
|
|
|
|
|
|
2015, Vol. 30 
