Road infrastructure, spatial spillover and county economic growth

2017 2nd International Seminar on Advances in Materials Science and Engineering

Hu, Zhenhua^1 ; Luo, Shuang^1

Business School, Central South University, Changsha

410083, China^1

关键词: Capital investment;    Economic growths;    Positive impacts;    Road infrastructures;    Spatial dependence;    Spatial Durbin models;    Spatial factors;    Spillover effects;   

Others  :  https://iopscience.iop.org/article/10.1088/1757-899X/231/1/012028/pdf
DOI  :  10.1088/1757-899X/231/1/012028

来源: IOP

【 摘 要 】

This paper analyzes the spatial spillover effect of road infrastructure on the economic growth of poverty-stricken counties, based on the spatial Durbin model, by using the panel data of 37 poor counties in Hunan province from 2006 to 2015. The results showed that there is a significant spatial dependence of economic growth in Poor Counties. Road infrastructure has a positive impact on economic growth, and the results will be overestimated without considering spatial factors. Considering the spatial factors, the road infrastructure will promote the economic growth of the surrounding areas through the spillover effect, but the spillover effect is restricted by the distance factor. Capital investment is the biggest factor of economic growth in poor counties, followed by urbanization, labor force and regional openness.