The Characteristics, Mechanisms and Solving Approaches of Industrial Hollowing-out in China
ZHAO Ke-xiang1,2, YANG Xiu-yun1, YE Hong1
1.School of Economics and Finance, Xi’an Jiaotong University, Xi’an 710061, China; 2.School of Economics, Henan University of Economics and law, Zhengzhou 450002, China
Abstract Based on the hollowing-out observations in the US, Japan and South Korea, as well as the new characteristics of high degree of isomorphism and lack of industrial core technology shown in the hollowing-out, the paper points out firstly at the beginning that the essential reason for China’s hollowing-out should be the efficiency of resource allocation rather than the structure.Then from the perspective of resource allocation efficiency, by introducing the simple nonlinear function model of the Bifurcation Theory from Masahisa Fujita and Krugman, the paper points out that the formation mechanism of China’s industrial hollowing-out is similar to that of the regional industrial agglomeration with fuzzy boundaries, and redefines the definition of China’s “industry hollowing-out” combined with the factual features. Finally, the efficient preventive approach of industrial hollowing-out will be the realization of industrial upgrade during the period of homogenized competition. Or the original restrictions need to be broken after appearance of hollowing-out, and the best opportunity for solving it arises in early stage of industrial recession.
DIAO Ke-Xiang,YANG Xiu-Yun,XIE Gong. The Characteristics, Mechanisms and Solving Approaches of Industrial Hollowing-out in China. Economic Survey, 2016, 33(6): 090.
2016, Vol. 33 
