Economic Spillover Effects of Industrial Structure Upgrading in China’s Coastal Economic Rims

Hui Zheng,Hairong Mu,Xiaodong Liu,Yajun Xu

doi:10.3390/su13073855

Hui Zheng, Hairong Mu + Show 2 more

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https://doi.org/10.3390/su13073855

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Abstract

As a vital element affecting economic efficiency, the impact of marine industrial structure upgrading on marine economy has become a hot topic, and China is not an exception. This paper analyzed the dynamic relationship of marine industrial structure upgrading and marine economy efficiency to verity the “structural bonus” and “cost disease” effects. The results confirmed the existence of cost disease in China’s marine economy, although occasionally it illustrated structural bonus effects with the improvement of the regional marine economy efficiency. The spatial Durbin model (SDM) was introduced to study the spillover effect of local marine industrial structure upgrading (MISU) on the adjacent regions’ marine economy efficiency, and this spillover effect was verified to have agglomerate characteristics in China’s coastal areas. Then several countermeasures were proposed to realize marine ecological civilization and promote regional cooperation in the development of China’s marine economy.

Highlights

IntroductionChina’s marine economy had experienced significant development over the past
China’s marine economy had experienced significant development over the past20 years
Realizing the need to create not just a prosperously but more importantly sustainable marine economy, the Chinese government had taken many steps to promote the transformation of its marine industry

Summary

Introduction

China’s marine economy had experienced significant development over the past. Its gross ocean product (GOP) increased at an average annual rate of 6.7% in the last five years, accounting for nearly 10% of the GDP in 2019 [1]. The rapid industrial expansion has brought in resources misallocation and marine pollution. The. Ocean Development Report of China (2014) showed the growth rate of China’s marine economy had entered a transition from rapid to moderate, as it encountered unwieldy industry structures and low transformation rates in innovation and technological achievement [2]. Realizing the need to create not just a prosperously but more importantly sustainable marine economy, the Chinese government had taken many steps to promote the transformation of its marine industry.

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