Foreign Investment and Urban-Rural Income Gap: An Analysis from the Perspective of Spatial Effect

Abstract

Abstract: This paper constructs a spatial lag model (SLM) by using the provincial panel data from 2005 to 2017 to analyze the impact of multiple factors with foreign investment as the core explanatory variables on the urban-rural income gap in China. The results show that foreign investment has a significant positive effect on the income gap between urban and rural areas in the local and geographical neighboring areas, while its marginal contribution to reducing the urban-rural income gap decreases with economic development. The growth of human capital inhibits the expansion of the income gap between urban and rural areas to a certain extent, and the variables such as technological progress and infrastructure show significant regional differences. The local urban-rural income gap to a certain extent is affected by the urban-rural income gap of the neighboring regions in geographical and economic spaces, the whole country and the eastern region show a demonstration effect, while the central and western regions show a competitive effect.

Key words: foreign investment, urban-rural income gap, dynamic space panel model, economic development

CLC Number:

F832.48

LIU Xing-hua. Foreign Investment and Urban-Rural Income Gap: An Analysis from the Perspective of Spatial Effect[J]. Journal of Jiangxi University of Finance and Economics, 2021, 0(1): 16-28.

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