Abstract
Knowledge spillover theory introduces specialized knowledge and human capital accumulation into the production function, breaks through the limitations of traditional economic theory, and illustrates the continuous and permanent source and power of economic growth. This article attempts to study the “club phenomenon” of the uneven development of China’s regional economy from the perspective of knowledge spillover, using the Spatial Dubin Model (SDM) to process China’s provincial data from 1991 to 2015. Studies have shown that knowledge spillovers are conducive to narrowing the gap in the level of economic development between the eastern and central regions of China, but the gap in the level of economic development between the two regions is gradually widening, and there is a “club phenomenon”. Therefore, developing regional cooperation models and focusing on cultivating talents for innovation can improve China’s uneven regional economic development to a certain extent.
Highlights
As the economic development level of eastern, central and western regions of China continues to grow, the economic gap between regions has always existed [1]
The above figure shows that the provinces in the eastern region are showing convergence, but there is no club convergence within the central and western regions, and the economic growth gap within the region is gradually increasing from 1991 to 2015. 3.3 Analysis of the Spatial Correlation of China's Regional Economy and knowledge stock in 1991
This paper finds that the knowledge spillover in neighboring regions is positively correlated with the economic growth and convergence of the eastern and central regions, but negatively correlated with the economic growth and convergence of the western, eastern, and central regions without club convergence
Summary
As the economic development level of eastern, central and western regions of China continues to grow, the economic gap between regions has always existed [1]. The technological level gap between regions and the differences in economic systems will lead to economic gaps between regions [3]. In the context of global trade, knowledge and technology have gradually become leading factors in economic development. Industrial transfer in economic activities is often accompanied by the proliferation of technology. This form of knowledge spillover can be imitated and used by underdeveloped regions at a very low cost to increase the economic productivity of the region and promote the economic level.
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