Economics
- ISSN: 2155-7950
- Journal of Business and Economics
Spatial-temporal Heterogeneity of the Contribution of Land to China’s
Economic Growth —An Empirical Analysis Based on Provincial
Panel Data in the View of Resource Curse
Lanjiao Wen1, Jingjing Zhang2, Anlu Zhang1
(1. Huazhong Agricultural University, Wuhan, Hubei Province, China;
2. The University of Sydney, Australia)
Abstract: In this paper, considering the resource value theory system into land resource abundance index, we use the time dynamic panel data model and the spatial recursive panel data model to analyze the spatial-temporal heterogeneity of the contribution of land to China’s economic growth based on provincial panel data in the view of resource curse. Furthermore, the “blessing” and “curse” of land resources that cause the land resource curse are calculated by size coefficients. The results show that, (1) the phenomenon of “resource curse” really exists on the time scale of China’s land resources, whereas there is no “resource curse” phenomenon on spatial scale; (2) China’s land resource curse mainly transmit through the urbanization rate, education investment, construction land resource abundance, fixed investment and abundance of cultivated land; (3) among the contribution of land to economic growth, 28.676% comes from the cultivated land resources’ “Welfare” effect, and 71.324% from the abundance of land for construction of “curse” effect, i.e., construction land abundance relative influence degree is 2.48724 times of cultivated land.
Key words: land value; resource curse; transmission mechanism; time dynamic panel data model; spatial
recursive panel data model; “blessing” and “curse”
JEL codes: H73, O13, R14