Abstract
AbstractUrbanization is an important engine in regional economic development and transformation. In this paper, panel-vector autoregressive (P-VAR) models are constructed based on panel data of the Three Gorges reservoir in China during the period 2007–2011. Using the impulse-response function and variance decomposition, this paper empirically analyzes the relevance between urbanization and industry development. The authors find that (1) agriculture development has a short and weak effect on urbanization, but the latter has no such effect on the former; (2) there is no significant integration between urbanization and manufacturing industry development; and (3) service development has a long, persistent, and gradually strengthening effect on urbanization and vice versa. This indicates a prominent integration between urbanization and service development. The findings suggest that policies that promote and support service and modern agriculture development will promote the New Urbanization development of the...
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