IDEAS home Printed from https://ideas.repec.org/a/bpj/cferev/v11y2022i1p48-69n1.html
   My bibliography  Save this article

Value Production, Value Transfer and Accumulation: A Political Economics Analysis of Uneven Regional Development in China

Author

Listed:
  • Feng Zhixuan

    (Collaborative Innovation Center for China Economy, School of Economics, Nankai University, Nankai, China)

  • Li Bangxi

    (Institute of Economics, School of Social Sciences, Tsinghua University, Tsinghua, China)

  • Long Zhiming

    (School of Marxism, Tsinghua University, Tsinghua, China)

  • Zhang Chen

    (School of Economics, Renmin University of China, Renmin, China)

Abstract

This paper aims to understand China’s uneven regional development in recent years on the basis of on political economics theories. We summarizes two theories from the political economics on uneven regional development—framework of production and framework of exchange—and unifies them by theories of labor value and capital circulation. It means to show that uneven regional development will be explained with value production, value realization and capital accumulation, and their interactions as well. This framework can not only explain regional disparities in a static sense, but also presents dynamically developments of regional disparities—first rising and then falling. Empirical research finds China’s regional disparities result mainly from the value production gap. During the period of analysis, China went through a capital accumulation biased towards less developed regions, jointly shaped by market logic and government behavior. It made the effect of reducing regional disparities stronger than the “polarization effect” around 2007, producing a narrowing of disparities across regional development.

Suggested Citation

  • Feng Zhixuan & Li Bangxi & Long Zhiming & Zhang Chen, 2022. "Value Production, Value Transfer and Accumulation: A Political Economics Analysis of Uneven Regional Development in China," China Finance and Economic Review, De Gruyter, vol. 11(1), pages 48-69, July.
    • Handle: RePEc:bpj:cferev:v:11:y:2022:i:1:p:48-69:n:1
    DOI: 10.1515/cfer-2022-0003
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/cfer-2022-0003
    Download Restriction: no
    File URL: https://libkey.io/10.1515/cfer-2022-0003?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
    ---><---

    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:bpj:cferev:v:11:y:2022:i:1:p:48-69:n:1. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Peter Golla (email available below). General contact details of provider: https://www.degruyter.com .

    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.