IDEAS home Printed from https://ideas.repec.org/a/sae/sagope/v10y2020i4p2158244020977870.html
   My bibliography  Save this article

The New Economy in China: An Intercity Comparison

Author

Listed:
  • Zhongqi Deng
  • Yu Zhang
  • Ao Yu

Abstract

Today, the world is witnessing an enormous new economic wave, which has become an important and growing contributor to economic development. However, few studies compare the overall development of all new economic sectors in different cities or countries. Therefore, the purpose of this study is to contribute to the literature on the 21st century new economy in China, which is viewed as a crucial development direction. Accordingly, the new economic situation in 2018 in 15 major cities of China is evaluated by constructing an index system and adopting some new big-data technologies, whereby a new economy comprehensive index (NECI) for each city is obtained. This study finds that the cities ranked from high to low in the NECI are Beijing, Shanghai, Shenzhen, Guangzhou, Hangzhou, Wuhan, Chengdu, Nanjing, Chongqing, Suzhou, Zhengzhou, Wuxi, Tianjin, Qingdao, and Xi’an. Among them, Beijing, Shanghai, and Shenzhen belong to the first hierarchy. The findings provide a nuanced perspective on the intercity comparison of the new economy, and the index system presented in the study is urgently-needed for policy makers. Finally, based on the case study of Chengdu the study offers rich insights to city administrators in terms of how to promote the new economy.

Suggested Citation

  • Zhongqi Deng & Yu Zhang & Ao Yu, 2020. "The New Economy in China: An Intercity Comparison," SAGE Open, , vol. 10(4), pages 21582440209, December.
    • Handle: RePEc:sae:sagope:v:10:y:2020:i:4:p:2158244020977870
    DOI: 10.1177/2158244020977870
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/2158244020977870
    Download Restriction: no
    File URL: https://libkey.io/10.1177/2158244020977870?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Liran Einav & Jonathan Levin, 2014. "The Data Revolution and Economic Analysis," Innovation Policy and the Economy, University of Chicago Press, vol. 14(1), pages 1-24.
    2. Qamar Farooq & Peihua Fu & Yunhong Hao & Tchamy Jonathan & Yanni Zhang, 2019. "A Review of Management and Importance of E-Commerce Implementation in Service Delivery of Private Express Enterprises of China," SAGE Open, , vol. 9(1), pages 21582440188, January.
    3. Robert J. Gordon, 2000. "Does the "New Economy" Measure Up to the Great Inventions of the Past?," Journal of Economic Perspectives, American Economic Association, vol. 14(4), pages 49-74, Fall.
    4. Daron Acemoglu & Pascual Restrepo, 2018. "Artificial Intelligence, Automation, and Work," NBER Chapters, in: The Economics of Artificial Intelligence: An Agenda, pages 197-236, National Bureau of Economic Research, Inc.
    5. William D. Nordhaus, 2002. "Productivity Growth and the New Economy," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 33(2), pages 211-265.
    6. Gilles Duranton & Matthew A. Turner, 2012. "Urban Growth and Transportation," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 79(4), pages 1407-1440.
    7. Redding, Stephen & Venables, Anthony J., 2004. "Economic geography and international inequality," Journal of International Economics, Elsevier, vol. 62(1), pages 53-82, January.
    8. Zhiwen Li & Thierry Penard, 2014. "The Role of Quantitative and Qualitative Network Effects in B2B Platform Competition," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 35(1), pages 1-19, January.
    9. John G. Fernald & Charles I. Jones, 2014. "The Future of US Economic Growth," American Economic Review, American Economic Association, vol. 104(5), pages 44-49, May.
    10. Daron Acemoglu & Pascual Restrepo, 2018. "Artificial Intelligence, Automation and Work," Boston University - Department of Economics - Working Papers Series dp-298, Boston University - Department of Economics.
    11. Head, Keith & Mayer, Thierry, 2006. "Regional wage and employment responses to market potential in the EU," Regional Science and Urban Economics, Elsevier, vol. 36(5), pages 573-594, September.
    12. Daron Acemoglu & Pascual Restrepo, 2020. "Robots and Jobs: Evidence from US Labor Markets," Journal of Political Economy, University of Chicago Press, vol. 128(6), pages 2188-2244.
    13. Deng, Zhongqi & Jiang, Nan & Pang, Ruizhi, 2021. "Factor-analysis-based directional distance function: The case of New Zealand hospitals," Omega, Elsevier, vol. 98(C).
    14. Zhongqi Deng & Peng Tian, 2020. "Are China's subsidies for electric vehicles effective?," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 41(4), pages 475-489, June.
    15. Chang-Tai Hsieh & Peter J. Klenow, 2009. "Misallocation and Manufacturing TFP in China and India," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 124(4), pages 1403-1448.
    16. Chengri Ding & Erik Lichtenberg, 2011. "Land And Urban Economic Growth In China," Journal of Regional Science, Wiley Blackwell, vol. 51(2), pages 299-317, May.
    17. Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2011. "Finance and Development: A Tale of Two Sectors," American Economic Review, American Economic Association, vol. 101(5), pages 1964-2002, August.
    18. Cutrini, Eleonora, 2009. "Using entropy measures to disentangle regional from national localization patterns," Regional Science and Urban Economics, Elsevier, vol. 39(2), pages 243-250, March.
    19. Hal R. Varian, 2014. "Big Data: New Tricks for Econometrics," Journal of Economic Perspectives, American Economic Association, vol. 28(2), pages 3-28, Spring.
    20. Kumbhakar,Subal C. & Wang,Hung-Jen & Horncastle,Alan P., 2015. "A Practitioner's Guide to Stochastic Frontier Analysis Using Stata," Cambridge Books, Cambridge University Press, number 9781107609464, January.
    21. Bart van Ark, 2016. "The Productivity Paradox of the New Digital Economy," International Productivity Monitor, Centre for the Study of Living Standards, vol. 31, pages 3-18, Fall.
    22. Daron Acemoglu & Pascual Restrepo, 2017. "Robots and Jobs: Evidence from US Labor Markets," Boston University - Department of Economics - Working Papers Series dp-297, Boston University - Department of Economics.
    23. Jon Carrick, 2016. "Bitcoin as a Complement to Emerging Market Currencies," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 52(10), pages 2321-2334, October.
    24. Cumming, Douglas & Zhang, Yelin, 2016. "Alternative investments in emerging markets: A review and new trends," Emerging Markets Review, Elsevier, vol. 29(C), pages 1-23.
    25. Chun-Chung Au & J. Vernon Henderson, 2006. "Are Chinese Cities Too Small?," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 73(3), pages 549-576.
    26. Chanchai Phonthanukitithaworn & Chavis Ketkaew & Phaninee Naruetharadhol, 2019. "Relevant Factors for Success as an Online Entrepreneur in Thailand," SAGE Open, , vol. 9(1), pages 21582440188, January.
    27. Rainer Böhme & Nicolas Christin & Benjamin Edelman & Tyler Moore, 2015. "Bitcoin: Economics, Technology, and Governance," Journal of Economic Perspectives, American Economic Association, vol. 29(2), pages 213-238, Spring.
    28. Dan O'Donoghue & Bill Gleave, 2004. "A Note on Methods for Measuring Industrial Agglomeration," Regional Studies, Taylor & Francis Journals, vol. 38(4), pages 419-427.
    29. Sara Foghani & Batiah Mahadi & Rosmini Omar, 2017. "Promoting Clusters and Networks for Small and Medium Enterprises to Economic Development in the Globalization Era," SAGE Open, , vol. 7(1), pages 21582440176, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yang Li & Hu WenXiu & Su ZhenXing, 2023. "Impact of Local Official Corruption on Local Government Debt in China: The Mediating Role of Government Investment Efficiency," SAGE Open, , vol. 13(3), pages 21582440231, July.
    2. Xiangmin Zhang & Bin Yu & Hailong Yu & Zhuofan Li & Shen Luo & Jianwu Sun & Yong Fan, 2021. "Spatial Distribution and Geographical Mechanism of Natural Resources in China under the Orientation of the New Economic Demands," Sustainability, MDPI, vol. 13(14), pages 1-19, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Colombo, Emilio & Mercorio, Fabio & Mezzanzanica, Mario, 2019. "AI meets labor market: Exploring the link between automation and skills," Information Economics and Policy, Elsevier, vol. 47(C), pages 27-37.
    2. Alejandro Micco, 2019. "The Impact of Automation in Developed Countries," Working Papers wp480, University of Chile, Department of Economics.
    3. Ajay Agrawal & Joshua Gans & Avi Goldfarb, 2019. "Economic Policy for Artificial Intelligence," Innovation Policy and the Economy, University of Chicago Press, vol. 19(1), pages 139-159.
    4. Fran Stewart & Kathryn Kelley, 2020. "Connecting Hands and Heads: Retooling Engineering Technology for the “Smart†Manufacturing Workplace," Economic Development Quarterly, , vol. 34(1), pages 31-45, February.
    5. Ana L. ABELIANSKY & Eda ALGUR & David E. BLOOM & Klaus PRETTNER, 2020. "The future of work: Meeting the global challenges of demographic change and automation," International Labour Review, International Labour Organization, vol. 159(3), pages 285-306, September.
    6. Yining Zhang & Zhong Wu, 2021. "Intelligence and Green Total Factor Productivity Based on China’s Province-Level Manufacturing Data," Sustainability, MDPI, vol. 13(9), pages 1-16, April.
    7. Matthias Firgo & Peter Mayerhofer & Michael Peneder & Philipp Piribauer & Peter Reschenhofer, 2018. "Beschäftigungseffekte der Digitalisierung in den Bundesländern sowie in Stadt und Land," WIFO Studies, WIFO, number 61633, February.
    8. Pierre-Philippe Combes, 2011. "The empirics of economic geography: how to draw policy implications?," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 147(3), pages 567-592, September.
    9. Mutascu, Mihai, 2021. "Artificial intelligence and unemployment: New insights," Economic Analysis and Policy, Elsevier, vol. 69(C), pages 653-667.
    10. Barbieri, Laura & Mussida, Chiara & Piva, Mariacristina & Vivarelli, Marco, 2019. "Testing the employment and skill impact of new technologies: A survey and some methodological issues," MERIT Working Papers 2019-032, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    11. Deng, Zhongqi & Qin, Ming & Song, Shunfeng, 2020. "Re-study on Chinese city size and policy formation," China Economic Review, Elsevier, vol. 60(C).
    12. Luo, Jigang & Wang, Zhen & Wu, Maohua, 2021. "Effect of place-based policies on the digital economy: Evidence from the Smart City Program in China," Journal of Asian Economics, Elsevier, vol. 77(C).
    13. Laura Barbieri & Chiara Mussida & Mariacristina Piva & Marco Vivarelli, 2019. "Testing the employment impact of automation, robots and AI: A survey and some methodological issues," DISCE - Quaderni del Dipartimento di Politica Economica dipe0006, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    14. Geiger, Niels & Prettner, Klaus & Schwarzer, Johannes A., 2018. "Automatisierung, Wachstum und Ungleichheit," Hohenheim Discussion Papers in Business, Economics and Social Sciences 13-2018, University of Hohenheim, Faculty of Business, Economics and Social Sciences.
    15. Crowley, Frank & Doran, Justin, 2019. "Automation and Irish Towns: Who's Most at Risk?," SRERC Working Paper Series SRERCWP2019-1, University College Cork (UCC), Spatial and Regional Economic Research Centre (SRERC).
    16. Ben Vermeulen & Jan Kesselhut & Andreas Pyka & Pier Paolo Saviotti, 2018. "The Impact of Automation on Employment: Just the Usual Structural Change?," Sustainability, MDPI, vol. 10(5), pages 1-27, May.
    17. Jongwanich, Juthathip & Kohpaiboon, Archanun & Obashi, Ayako, 2022. "Technological advancement, import penetration and labour markets: Evidence from Thailand," World Development, Elsevier, vol. 151(C).
    18. Tiare Rivera, 2019. "Efectos de la automatización en el empleo en Chile," Revista de Analisis Economico – Economic Analysis Review, Universidad Alberto Hurtado/School of Economics and Business, vol. 34(1), pages 3-49, April.
    19. Bode, Eckhardt & Gold, Robert, 2018. "Adult training in the digital age," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 12, pages 1-14.
    20. Wang, Huijuan & Ding, Lin & Guan, Rong & Xia, Yan, 2020. "Effects of advancing internet technology on Chinese employment: a spatial study of inter-industry spillovers," Technological Forecasting and Social Change, Elsevier, vol. 161(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:sagope:v:10:y:2020:i:4:p:2158244020977870. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.