Spatial Externalities, Utilization Capabilities and Economic Growth
QIN Cheng-lin1, GONG Wei-jin1, LU Jian2
1.Business School, Jinan University, Guangzhou 510632, China; 2.School of Mathematics and Statistics, Huazhong University of Science and Technology, Wuhan 430074, China
Abstract Utilization Capabilities is defined as the ability to initiatively transform the spatial externalities generated by neighbor regions into the capacity of the region’s own economic growth. Based on the theoretical and empirical analysis, the composite SDM model is used in the paper to analyze how the difference of utilization rate lead to the different growth rate of the target area which is affected by the same spatial externalities. The paper reveals the effect of spatial externalities on regional economic growth, and has gained the political enlightenment on promoting economic development. On the one hand, the area should act more proactively in use of spatial externalities and utilization capabilities. On the other hand, to enhance the regional utilization capabilities, the area could improve the quantity and quality of human capital.
2016, Vol. 33 
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