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An Empirical Study of Luzhou on the Influence of Inland Port Free Trade Zone’s Construction on Regional Economic Growth

In: Proceedings of the 4th International Conference on Internet Finance and Digital Economy (ICIFDE 2024)

Author

Listed:
  • Ziwei Zhong

    (Shanghai Maritime University, School of Economics and Management)

  • Xiaoying Chi

    (Shanghai Maritime University, School of Economics and Management)

Abstract

This paper constructs a counterfactual state with no free trade zone in Luzhou, Sichuan, using the synthetic control method. Examining how Luzhou’s economic growth has been affected by the construction of the Luzhou Free Trade Zone is the aim. Using balanced panel data from 30 cities between 2007 and 2022. The construction of FTZ (free trade zone) did have an enormous effect on Luzhou’s economic growth, even though the synthetic control approach was able to accurately match the economic growth state of Luzhou before its establishment. Through a series of robustness tests, this positive promotion effect can be confirmed. Therefore, this paper puts forward the suggestions that must build a road of interregional and international coordinated development based on economic strategies such as the “Belt and Road” to ensure and stimulate the nation’s overall development.

Suggested Citation

  • Ziwei Zhong & Xiaoying Chi, 2024. "An Empirical Study of Luzhou on the Influence of Inland Port Free Trade Zone’s Construction on Regional Economic Growth," Advances in Economics, Business and Management Research, in: Kun Zhang & Hang Luo & Tang Yao & Hongbo Li (ed.), Proceedings of the 4th International Conference on Internet Finance and Digital Economy (ICIFDE 2024), pages 4-14, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-534-8_2
    DOI: 10.2991/978-94-6463-534-8_2
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