Resource abundance and regional development in China
Over the past several decades, China has made tremendous progress in market integration and infrastructure development. Demand for natural resources has increased from the booming coastal economies, causing the terms of trade to favour the resource sector, which is predominantly based in the interio...
| Main Authors: | , , , |
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| Format: | Journal Article |
| Language: | Inglés |
| Published: |
Wiley
2008
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/162378 |
| _version_ | 1855540147136757760 |
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| author | Zhang, Xiaobo Xing, Li Fan, Shenggen Luo, Xiaopeng |
| author_browse | Fan, Shenggen Luo, Xiaopeng Xing, Li Zhang, Xiaobo |
| author_facet | Zhang, Xiaobo Xing, Li Fan, Shenggen Luo, Xiaopeng |
| author_sort | Zhang, Xiaobo |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Over the past several decades, China has made tremendous progress in market integration and infrastructure development. Demand for natural resources has increased from the booming coastal economies, causing the terms of trade to favour the resource sector, which is predominantly based in the interior regions of the country. However, the gap in economic development level between the coastal and inland regions has widened significantly. In this paper, using a panel dataset at the provincial level, we show that Chinese provinces with abundant resources perform worse than their resource‐poor counterparts in terms of per capita consumption growth. This trend that resource‐poor areas are better off than resource‐rich areas is particularly prominent in rural areas. Because of the institutional arrangements regarding property rights of natural resources, most gains from the resource boom have been captured either by the government‐ or state‐owned enterprises. Thus, the windfall of natural resources has more to do with government consumption than household consumption. Moreover, in resource‐rich areas, greater revenues accrued from natural resources bid up the price of non‐tradable goods and hurt the competitiveness of the local economy. |
| format | Journal Article |
| id | CGSpace162378 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2008 |
| publishDateRange | 2008 |
| publishDateSort | 2008 |
| publisher | Wiley |
| publisherStr | Wiley |
| record_format | dspace |
| spelling | CGSpace1623782025-02-19T14:08:11Z Resource abundance and regional development in China Zhang, Xiaobo Xing, Li Fan, Shenggen Luo, Xiaopeng regional inequality currencies property rights Over the past several decades, China has made tremendous progress in market integration and infrastructure development. Demand for natural resources has increased from the booming coastal economies, causing the terms of trade to favour the resource sector, which is predominantly based in the interior regions of the country. However, the gap in economic development level between the coastal and inland regions has widened significantly. In this paper, using a panel dataset at the provincial level, we show that Chinese provinces with abundant resources perform worse than their resource‐poor counterparts in terms of per capita consumption growth. This trend that resource‐poor areas are better off than resource‐rich areas is particularly prominent in rural areas. Because of the institutional arrangements regarding property rights of natural resources, most gains from the resource boom have been captured either by the government‐ or state‐owned enterprises. Thus, the windfall of natural resources has more to do with government consumption than household consumption. Moreover, in resource‐rich areas, greater revenues accrued from natural resources bid up the price of non‐tradable goods and hurt the competitiveness of the local economy. 2008-01 2024-11-21T10:02:40Z 2024-11-21T10:02:40Z Journal Article https://hdl.handle.net/10568/162378 en Limited Access Wiley Zhang, Xiaobo; Xing, Li; Fan, Shenggen; Luo, Xiaopeng. 2008. Resource abundance and regional development in China. Economics of Transition Economics of Transition 16(1): 7-29 |
| spellingShingle | regional inequality currencies property rights Zhang, Xiaobo Xing, Li Fan, Shenggen Luo, Xiaopeng Resource abundance and regional development in China |
| title | Resource abundance and regional development in China |
| title_full | Resource abundance and regional development in China |
| title_fullStr | Resource abundance and regional development in China |
| title_full_unstemmed | Resource abundance and regional development in China |
| title_short | Resource abundance and regional development in China |
| title_sort | resource abundance and regional development in china |
| topic | regional inequality currencies property rights |
| url | https://hdl.handle.net/10568/162378 |
| work_keys_str_mv | AT zhangxiaobo resourceabundanceandregionaldevelopmentinchina AT xingli resourceabundanceandregionaldevelopmentinchina AT fanshenggen resourceabundanceandregionaldevelopmentinchina AT luoxiaopeng resourceabundanceandregionaldevelopmentinchina |