Three essays on China's regional economic analysis

• Main Authors: Ching-po Hsu, 徐慶柏
• Other Authors: 楊志海
• Format: Others
• Language: en_US
• Published: 2014
• Online Access: http://ndltd.ncl.edu.tw/handle/c76ecq

博士 === 國立中央大學 === 經濟學系 === 102 === China’s economic has grown rapidly in recent two decades. The issues related to China are at most of time interest the professionals associated with different fields. This thesis is thus composed of three essays focusing on China. Chapter 2 has two purposes. The first one is to examine the relationship between unemployment and job vacancy in China, a rapid developing country. Second, we study the movements of Beveridge curve in China. Since the estimation without considering the issue of spatial dependency can result in unstable parameter estimates and therefore yield unreliable statistical inferences, a Spatial Panel Seemingly Unrelated Regression (SPSUR model) is adopted in this chapter. The results conclude that the relationship between the unemployment rate and vacancy rate does not always exist. We also find that the Beveridge curve in China shifts outwards in recent years. Chapter 3, by applying the spatial cointegration model to the Beveridge curve, we find support for spatial cointegration between unemployment and job opening. In addition, the negative relationship between the job vacancy rate and the unemployment rate exists only in the short run. The government efficiency is another vital factor that dominates the development of China. Hence, chapter 4 investigates regional government’s operating efficiency in China and uses two measures to evaluate the performance of local governments. The empirical estimates derived from the province-level panel data that covers the time span between 2000 and 2010 show that the financial efficiency in China is moderate, but productive efficiency is not. As for the distribution of productive efficiency scores across regions, the coastal regions, as expected, experience better performance in productive efficiency than their non-coastal counterparts, suggesting the existence of an efficiency gap between the coastal and non-coastal regions. In addition, non-coastal regions exhibit a weekly decreasing trend on local government productive efficiency whereas the coastal regions behave reversely. The coastal regions show a weekly increasing trend on local government financial efficiency.