Analysis of the Inverted U-Shaped Relationship Between China's New Urbanization and Economic Growth -Based on Comparison With Traditional Urbanization

Suyun HAO

Abstract


According to the 2001-2016 Chinese provincial panel data, the paper analyzes the nonlinear relationship between China’s new urbanization and traditional urbanization and economic growth. The results show that there is an “inverted U-shaped” relationship between the old and new urbanization and economic growth in China, but the turning point of the new urbanization economic growth effect will appear later, which will have a more lasting effect on economic growth. From the perspective of economic growth, it proves the necessity and urgency of the urbanization development tradition to the new type of transformation and upgrading, and proposes to promote the coordinated development of new urbanization and rural revitalization in China.


Keywords


China’s new urbanization; Economic growth; Inverted U-shaped relationship

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DOI: http://dx.doi.org/10.3968/10768

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