Imbalance measurement of regional economic quality development: evidence from China
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Imbalance measurement of regional economic quality development: evidence from China Qiang Liu1,2 · Shengxia Xu1 · Xiaoli Lu1 Received: 10 May 2019 / Accepted: 13 March 2020 © Springer-Verlag GmbH Germany, part of Springer Nature 2020
Abstract Imbalance of regional development trends is strongly correlated over time and across provinces, paralleled the growth of the economic quality and even influenced by exogenous variables. In this paper, a regional ‘two-way’ theory based on ‘input and output’ is proposed, reflecting the current state of economic quality development comprehensively. An ‘inverse absolute dispersion method’ came up with calculating the Quality of Economic Imbalance in Regional Development (QEIRD) after the measurement of economic quality is obtained by the total factor productivity (TFP). Moreover, the distribution of Chi-square is fitted to classify the grades of QEIRD, and the causes of QEIRD are analyzed via exogenous variables and regional decomposition under the panel data from China at the provincial level. The results indicate that the new method of measuring QEIRD based on TFP is scientific and reasonable in China at the country level. Secondly, the results obtained from the three regional decomposition ways are highly consistent, showing that the QEIRD from China has been diminishing, though not continuously and more so in some periods and regions, and being in a transition from stage three to stage two. Thirdly, the mainspring of total QEIRD is from the between-regions QEIRD; however, the rate of the within-region QEIRD is increasing cannot be neglected. In addition, exogenous variables have a crucial role in reducing QEIRD; it is a long-term and unremitting efforts to achieve stage one and move toward coordinated regional development in China. JEL Classification R1 · R5 · C13 · C22 · E31 * Shengxia Xu [email protected] Qiang Liu [email protected] Xiaoli Lu [email protected] 1
School of Statistics, Capital University of Economics and Business, Beijing 100070, China
2
Beijing Key Laboratory of Megaregions Sustainable Development Modelling, Beijing 100070, China
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1 Introduction A sizeable body of the literature highlights GDP as the performance of economy for a country or a region; nevertheless, it considered the constraints of input angle, excluding the point of view on output, and more likely to be thought of as the negative going of pursuing high performance without taking investment into account. In recent years, in order to incorporate input constraints into the assessment framework of economic performance, economists have used a new method to assess the regional economic performance, named Total Factor Productivity (TFP). TFP is a crucial concept of macroeconomics and a vital tool for analyzing the source of economic quality growth, especially the important basis for the government to formulate long-term sustainable growth policies (see, e.g., Chirstophe 2016; Kladiola 2017; Khoula and Zainab 2018). The study of regional coo
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