|Table of Contents|

Institutional innovation in China's Pilot Free Trade Zones:characteristics, problems and countermeasures(PDF)

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

Issue:
2024年03期
Page:
103-124
Research Field:
国际经济与贸易
Publishing date:
2024-06-10

Info

Title:
Institutional innovation in China's Pilot Free Trade Zones:characteristics, problems and countermeasures
Author(s):
QIAN Xuefeng1; 2;  GAO Wan1
(1. School of Business Administration, Zhongnan University of Economics and Law, Wuhan 430073, Hubei, China; 2. Institute of China(Hubei)Pilot Free Trade Zone,Zhongnan University of Economics and Law, Wuhan 430073, Hubei, China)
Keywords:
Pilot Free Trade Zone;  Hainan Free Trade Port;  institutional innovation;  text mining;  high-level opening up
PACS:
F752.8
DOI:
-
Abstract:
To explore the characteristics and problems of institutional innovation in China's Pilot Free Trade Zones, this study conducted a comprehensive and systematic review of 2,130 institutional innovation achievements required to be replicated and promoted at national and local levels over the past decade. Using text mining methods, the practical characteristics of these achievements were quantitatively analyzed. The findings reveal that various Pilot Free Trade Zones have generated numerous institutional innovations, significantly contributing to the high-quality development of different regions. However, problems such as mismatched institutional supply and demand, excessive concentration on certain reform areas, and insufficient reform depth persist. The study suggests that to further advance high-quality institutional innovation in China's Pilot Free Trade Zones, it is crucial to establish a two-way communication channel between the market and management. Additionally, it recommends shifting the assessment method from being result-oriented, which fails to capture short-term reform performance, to being process-oriented. Enhancing digital government construction and increasing decentralization efforts are also necessary, alongside creating a multi-channel information feedback mechanism for government service recipients via network platforms. Legislative actions at the national and provincial levels regarding institutional innovation in Pilot Free Trade Zones are essential. Furthermore, aligning with the Pilot Free Trade Zone promotion strategy, these zones should focus more on institutional innovation in industrial development, enhance the integration and coordinated efficiency of institutional systems and continue to promote high-level institutional opening up.

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Last Update: 2024-06-10