Can transportation infrastructure improve resource misallocation? Evidence from China

被引：0
|
作者：
Wang, Wei [1 ]
Xie, Mufang [2 ]
机构：
[1] Inner Mongolia Minzu Univ, Sch Econ, Tongliao 028000, Peoples R China
[2] Zhejiang Sci Tech Univ, Sch Econ & Management, Hangzhou 310018, Peoples R China
来源：
HELIYON | 2024年 / 10卷 / 12期
基金：
中国国家自然科学基金;
关键词：
Transportation infrastructure; Resource misallocation; Dynamic spatial durbin model; Threshold effect; PRODUCTIVITY; GROWTH; SIZE; TRADE; FIRMS;
D O I：
10.1016/j.heliyon.2024.e32724
中图分类号：
O [数理科学和化学]; P [天文学、地球科学]; Q [生物科学]; N [自然科学总论];
学科分类号：
07 ; 0710 ; 09 ;
摘要：
Transportation infrastructure plays a crucial role in the free movement and rational allocation of resources. Utilizing provincial panel data from China spanning from 2000 to 2017, we employ a dynamic spatial Durbin model (DSDM) and a panel threshold model to analyze the impact of transportation infrastructure on resource misallocation. The findings are as follows: (1) Overall, transportation infrastructure serves to correct misallocations of capital and labor, exhibiting spatial effects; (2) Under the influence of spatial spillover effects, transportation infrastructure improves capital misallocation in neighboring regions, yet exacerbates labor misallocation; (3) The impact of transportation infrastructure on capital and labor misallocations shows regional heterogeneity; (4) Transportation infrastructure indirectly ameliorates resource misallocation through three pathways: opening up to external markets, urbanization, and industrial upgrading; (5) There is a threshold effect of transportation infrastructure on labor misallocation - it only improves labor misallocation when it reaches a certain scale.
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页数：15
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