Abstract:
This paper empirically studies the impact of resource production, resource consumption and market segmentation on the economic growth of China based on the provincial panel data of 30 provinces (cities, districts) from 2000 to 2014. The results indicate that:(1)resource consumption has a promoting effect on economic growth in China, while resource production and market segmentation hinder China’s economic growth. The two propositions of “resource production curse” and “resources consumption gospel” are obviously established at the provincial level in China. It is a key problem to accelerate the transformation and upgrading of industries and get rid of the “resource trap” that need to be solved immediately for the regions with abundant resource. (2) the study has found that the interaction between resource production and market segmentation has a significantly positive effect on economic growth, which indicates that there is a complementary relationship between the two in the promotion of economic growth. It also means the more serious market segmentation, the greater the impact of resource production on economic growth. The interaction between resource consumption and market segmentation has no significant impact on economy growth. (3) the partition domain regression has found that the “resource production curse” proposition in eastern, central and western regions of China is established significantly, while the “resources production gospel” is only established in the western region. Market segmentation has hindered the economic growth of the eastern region, but it has promoted the rapid economic growth in the central and western regions, which means that the market segmentation helps to narrow the economic gap among the regions in China.