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The Impacts of Standard Highways Investments in Sichuan-Chongqing Zone: A Spatial Panel Econometric Analysis

机译:川渝地区标准公路投资的影响:空间面板计量经济学分析

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Using panel data for 2004-2007 from 24 regions of the Sichuan-Chongqing zone (SCZ), this paper specifies two panel models to explore the impacts of standard highways investments location on economic growth and narrowing regional disparity. The results reveal that the SAR spatial panel data model incorporating spatial heterogeneity, time period heterogeneity and spatial dependence outperforms traditional panel data model. The improvement of standard highways facilities in each region will have not only greatest positive impacts on its own economic growth but also significantly positive spillover impacts on the economic growth of the other regions. The simulation results show that the improvement of the standard highways facilities in the existing major investment regions not only can not generate large induced impacts on the economic growth of the SCZ but also will enlarge regional disparity. If the goal is to generate largest positive impacts on the economic growth of the SCZ, then we should locate the standard highways investments in the 'core zone'. If the goal is to narrow regional disparity by greatest extent, then we should locate the standard highways investments in the 'middle zone*. To take the two criteria, economic growth and narrowing regional disparity, into account at the same time, the best location of standard highways investments is 'middle zone'. The improvement of the standard highways facilities in the 'periphery' would not only have limited impacts on the economic growth of the SCZ but would also aggravate the unbalanced economic development. The spillover effects must be considered fully in the location choice of standard highways investments, so that all will win and gain from each other.
机译:本文使用川渝地区(SCZ)24个地区的2004-2007年面板数据,指定了两个面板模型来探讨标准公路投资区位对经济增长的影响并缩小区域差距。结果表明,结合空间异质性,时间异质性和空间依赖性的SAR空间面板数据模型优于传统的面板数据模型。每个地区标准公路设施的改善,不仅将对其自身的经济增长产生最大的积极影响,而且还将对其他地区的经济增长产生显着的积极溢出效应。仿真结果表明,现有主要投资区域标准公路设施的改善,不仅不会对深圳特区的经济增长产生较大的诱发影响,而且还会扩大区域差距。如果目标是对深圳特区的经济增长产生最大的积极影响,那么我们应该将标准高速公路投资定位在“核心区”。如果目标是最大程度地缩小区域差距,那么我们应该将标准高速公路投资定位在“中部地区” *。同时考虑经济增长和缩小区域差异这两个标准,标准公路投资的最佳位置是“中间区”。 “周边地区”标准公路设施的改善,不仅对深圳特区的经济增长影响有限,而且还会加剧经济发展的不平衡。在选择标准高速公路投资的地点时,必须充分考虑溢出效应,以便所有人都能相互取胜。

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