scholarly journals Research on Spatial Correlation Characteristics and Their Spatial Spillover Effect of Local Government Debt Risks in China

2021 ◽  
Vol 13 (5) ◽  
pp. 2687
Author(s):  
Xing Li ◽  
Xiangyu Ge ◽  
Wei Fan ◽  
Hao Zheng
Keyword(s):  
Local Government ◽  
Spatial Correlation ◽  
Positive Impact ◽  
Balance Sheet ◽  
Spillover Effect ◽  
Government Debt ◽  
Debt Management ◽  
Spatial Spillover ◽  
Division Of Powers ◽  
Spatial Spillover Effect

Scholars have proposed a series of methods, such as “sustainability of local government debt”, to measure local government debt risks. However, these methods have caused a lot of controversy. Based on a macro balance sheet, this study uses an improved “distance to distress” to measure China’s local government debt risks and applies a social network model to identify the spatial correlation characteristics, as well as the spillover effect. The results are as follows: (1) The data show multiple and heterogeneous spatial correlations for China’s local government debt risks; (2) there are some similarities between the subgroups and seven major geographic regions in China. The links among subgroups are randomly distributed and external; (3) the data manifest a “small world”, with a decreasing transitivity since 2014; (4) between these two significant factors, the positive impact of local government competition is more obvious than the division of powers and responsibilities; and (5) the spatial spillover effect of China’s local government debt risks results from the combination of local government competition, the division of powers and responsibilities, and local government intervention. This paper provides a scientific basis for obtaining a deeper understanding of China’s local government debt risks, and puts forward policy recommendations to strengthen China’s debt management.

scholarly journals Research on the Efficiency of Local Government Health Expenditure in China and Its Spatial Spillover Effect

2019 ◽  
Vol 11 (9) ◽  
pp. 2469 ◽  
Author(s):  
Mengying Wang ◽  
Chunhai Tao
Keyword(s):  
Local Government ◽  
Spatial Correlation ◽  
Health Expenditure ◽  
Spillover Effect ◽  
Local Region ◽  
Spatial Spillover ◽  
Government Health ◽  
Overall Efficiency ◽  
Government Health Expenditure ◽  
Spatial Spillover Effect

The efficiency of the local government health expenditure (GHE) in China determines the level of public health services. However, the local government does not pay much attention to that efficiency, though the scale of local GHE is increasing. In this paper, first, we use the data envelopment analysis (DEA) method to measure the static overall efficiency of the local government health expenditure (GHE) in each region of China from 2007 to 2016. Then, based on the spatial statistical theory, global and local spatial Moran’s I value is utilized to investigate its spatial correlation and spatial agglomeration phenomenon. Finally, the spatial spillover effect (SSE) of the static overall efficiency of local GHE in each region is measured by constructing a spatial Durbin model (SDM). It is demonstrated that there are significant differences in the efficiency of the local GHE between different regions of China. In addition, it is shown that Moran’s I value of the static overall efficiency of the local GHE from 2007 to 2016 is positive. It passed the test of the 5% significance level, indicating that there is a positive spatial correlation between the efficiency of the local GHE and a spatial spillover effect. On the other hand, the decomposition of the SDM reveals that the proportion of GHE to financial expenditure, gross domestic product (GDP) per capita, and population density have a positive effect on the efficiency of the local GHE. Hence, their growth will improve the GHE efficiency in the local region and neighboring regions. In contrast, the proportion of urban population, illiteracy, and fiscal decentralization have a negative effect. Thus, their growth will decrease the GHE efficiency in the local region and neighboring regions. The results are discussed and suggestions are given based on the analysis in this paper. The main contribution of this work is to consider the spatial spillover effect in terms with realistic meaning. The results obtained can be used as a reference for optimizing the structure and improving the efficiency of government health inputs. It breaks the government’s GDP-only theory-based assessment system and helps to improve it by assessing the GHE efficiency.

Effects of tourism development on economic growth: An empirical study of China based on both static and dynamic spatial Durbin models

2021 ◽  
pp. 135481662110211
Author(s):  
Honghong Liu ◽  
Ye Xiao ◽  
Bin Wang ◽  
Dianting Wu
Keyword(s):  
Economic Growth ◽  
Spillover Effect ◽  
Tourism Development ◽  
Spillover Effects ◽  
Policy Implications ◽  
Long Term Effects ◽  
Spatial Spillover ◽  
Domestic Tourism ◽  
Inbound Tourism ◽  
Spatial Spillover Effect

This study applies the dynamic spatial Durbin model (SDM) to explore the direct and spillover effects of tourism development on economic growth from the perspective of domestic and inbound tourism. The results are compared with those from the static SDM. The results support the tourism-led-economic-growth hypothesis in China. Specifically, domestic tourism and inbound tourism play a significant role in stimulating local economic growth. However, the spatial spillover effect is limited to domestic tourism, and the spatial spillover effect of inbound tourism is not significant. Furthermore, the long-term effects are much greater than the short-term impact for both domestic and inbound tourism. Plausible explanations of these results are provided and policy implications are drawn.

scholarly journals Spatial Spillover Effect and Influencing Factors of Information Flow in Urban Agglomerations—Case Study of China Based on Baidu Search Index

2021 ◽  
Vol 13 (14) ◽  
pp. 8032
Author(s):  
Chengzhuo Wu ◽  
Li Zhuo ◽  
Zhuo Chen ◽  
Haiyan Tao
Keyword(s):  
Influencing Factors ◽  
Information Flow ◽  
Spillover Effect ◽  
Spillover Effects ◽  
Urban Agglomeration ◽  
Coordinated Development ◽  
Spatial Spillover ◽  
Urban Agglomerations ◽  
Search Index ◽  
Spatial Spillover Effect

Cities in an urban agglomeration closely interact with each other through various flows. Information flow, as one of the important forms of urban interactions, is now increasingly indispensable with the fast development of informatics technology. Thanks to its timely, convenient, and spatially unconstrained transmission ability, information flow has obvious spillover effects, which may strengthen urban interaction and further promote urban coordinated development. Therefore, it is crucial to quantify the spatial spillover effect and influencing factors of information flows, especially at the urban agglomeration scale. However, the academic research on this topic is insufficient. We, therefore, developed a spatial interaction model of information flow (SIM-IF) based on the Baidu Search Index and used it to analyze the spillover effects and influencing factors of information flow in the three major urban agglomerations in China, namely Beijing–Tianjin–Hebei (BTH), the Yangtze River Delta (YRD), and the Pearl River Delta (PRD) in the period of 2014–2019. The results showed that the SIM-IF performed well in all three agglomerations. Quantitative analysis indicated that the BTH had the strongest spillover effect of information flow, followed by the YRD and the PRD. It was also found that the hierarchy of cities had the greatest impact on the spillover effects of information flow. This study may provide scientific basis for the information flow construction in urban agglomerations and benefit the coordinated development of cities.

Research on the Spatial Effect of Green Economic Efficiency in China from the Perspective of Informatization

2020 ◽  
Author(s):  
Xinbao Tian ◽  
Chuanhao Yu
Keyword(s):  
Industrial Structure ◽  
Spillover Effect ◽  
Coordination Mechanism ◽  
Green Economy ◽  
Spatial Econometric ◽  
Index Method ◽  
Spatial Spillover ◽  
Regional Coordination ◽  
Comprehensive Index Method ◽  
Spatial Spillover Effect

Abstract Background: Green economy has been paid more and more attention in the information age. Informatization plays an important role in the development of green economy by the transmission of industrial structure rationalization and upgrading. Because of the spatial mobility of information, it is necessary to study the spatial spillover effect of information on the efficiency of green economy. In this paper, the non-radial directional distance function and the comprehensive index method are used to evaluate the efficiency of green economy and informatization respectively. On this basis, the spatial characteristics of the two are analyzed. Finally, the spatial econometric model is used to analyze the spatial impact of informatization on the efficiency of green economy. Results: The following findings can be drawn: (i)The spatial distribution of the green economy efficiency and informatization are unbalanced; (ii) There is a significant spatial spillover effect in the efficiency of green economy; (iii) The development of informatization plays an important impact on the efficiency of green economy. Conclusions: It can be seen that informatization plays an important role in the development of green economy, so we can get the following suggestions: (i) Developing green economy according to different conditions of different places. (ii) Establishing regional coordination mechanism of green economic development. (iii) Using informatization to promote the development of green economy.

scholarly journals The Spatial Spillover Effect in Hi-Tech Industries: Empirical Evidence from China

2020 ◽  
Vol 12 (4) ◽  
pp. 1551
Author(s):  
Yu Chen ◽  
Haoming Shi ◽  
Jun Ma ◽  
Victor Shi
Keyword(s):  
Spillover Effect ◽  
Fixed Effect ◽  
High Tech ◽  
Mixed Effect ◽  
Spatial Spillover ◽  
Balanced Development ◽  
Spatial Lag Model ◽  
Lag Model ◽  
The Government ◽  
Spatial Spillover Effect

With ever-increasing economic globalization and rapid advancement of science and technology, developing high-tech industries have become an important way for many countries to achieve sustainable and environmentally friendly economic development. In this article, we aim to empirically test the critical factors, which can influence the spatial spillover of a country’s high-tech industries. Using data from the high-tech industries in China during the years of 2007–2016, we establish a space lag model and a space error model to examine the space fixed effect, the time fixed effect, and the space-time double mixed effect in spatial spillover in high-tech industries. We compare the results of these two spatial panel models with those from a general panel model and find that the spatial spillover effect within high-tech industries is rather significant. Moreover, we find that the spatial-time double mixed of the spatial lag model is the best fitting effect. Our empirical results also show that the research and development (R&D) investment and international trade can positively promote spatial spillover of high-tech industries among different regions. In terms of policy insights, our results imply that the government can establish a technology transfer platform to promote the spillover in high-tech industries. This can help achieve a sustainable and balanced development of high-tech industries.

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