Full Article: PDF
Scientific Object Identifier: http://s-o-i.org/1.1/TAS-06-134-14
DOI: https://dx.doi.org/10.15863/TAS.2024.06.134.14
Language: English
Citation: Kebin, L., et al. (2024). Did «Third Line Construction» Matter in China's Hinterland Economic Growth from 1965-1980?. ISJ Theoretical & Applied Science, 06 (134), 170-179. Soi: http://s-o-i.org/1.1/TAS-06-134-14 Doi: https://dx.doi.org/10.15863/TAS.2024.06.134.14 |
Pages: 170-179
Published: 30.06.2024
Abstract: The dialogue regarding the potency of industrial policies remains a sustained interest within academic circle, and comprehending the economic implications of preceding industrial policies is paramount, which will evolve into an indispensable foundation for crafting future development strategies. As an imperative industrial policy, the construction of the third line still serves as a substantial empirical materials for research, particularly in contemporary China where historical statistical data gaps are progressively bridging and new measurement methods are persistently evolving. By taking the implementation of the third line construction policy as the research subject and scrutinizing the effectiveness of industrial policies, this paper employs data from the CEI and Gotohui databases to empirically examine the impact of third-line construction policies on regional economic advancement through cross period synchronization of administrative divisions with the multi-stage difference method. The study discovered that the execution of the third line construction policy substantially enhanced the economic advancement of the region, but subsequent to the termination of the third line construction, the economic growth rate of the original third line construction area exhibited a relatively significant downward trajectory. This signifies that in nations with economies in transition exemplified by China, regional industrial policies and investment incentives can alter the trajectory of economic growth, but their impact gradually diminishes over time. This also provides a historical outlook for further comprehension of industrial policy, and the policy itself is a historical artifact under specific situational restrictions. When the actual circumstance alterations, industrial policy should be correspondingly readjusted.
Key words: Third line construction; Industrial policies; Economic growth; Multi-stage difference.
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