|Table of Contents|

Dual circulation, specialization & integration, and economic growth(PDF)

《长安大学学报（社科版）》[ISSN:1671-6248/CN:61-1391/C]

Issue:
2021年01期
Page:
57-68
Research Field:
国际经济与贸易
Publishing date:
2021-02-20

Info

Title:
Dual circulation, specialization & integration, and economic growth
Author(s):
HUANG Jiuli
Center for Transnationals’ Studies & Institute of International Economics, Nankai University, Tianjin 300071, China
Keywords:
dual circulation;  trade cost;  regional market integration;  in-depth trade liberalization;  transnational corporation;  international circulation
PACS:
F124; F727
DOI:
-
Abstract:
Dual circulation provides the incentive for various regions and enterprises to participate in international and domestic specialization and market integration, and it is also an important impetus of economic growth. Based on the data from the World Bank WITS and the changes of tariffs after China’s accession to the WTO, this paper reviews the relationship between dual circulation, division of labor integration and economic growth from a spatial point of view. Existing research finds that trade liberalization and domestic trade cost determine the extent of various regions and enterprises in China participating in dual circulation after the reform and opening-up. The two economic circulations are integrated into each other, which together shape the overall structure of inter-regional industrial specialization and market integration. The mutual reliance and interaction between the two circulations affect the behaviors and performance of enterprises, and also provide the market opportunities, factors and technology needed by economic growth. In the long run, domestic circulation is the focus and foundation for China’s participation in the international circulation, while in-depth trade liberalization is the important path to achieve positive interaction of the dual circulation.

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Last Update: 2021-02-20