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| Research on the Catch-up Routes and Influencing Factors of High-tech Zones in China |
| Jiang Cailou1, Ma Lin1, Zheng Siyan2 |
1.China Institute of Manufaturing Development, University of Information Science and Technology, Nanjing 210044, China;
2.Business School, Hohai University, Nanjing 210098, China |
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Abstract This article offers econometric tests of the catch-up routes of 52 national grade high-tech zones by using system GMM.The results show that the growth of high-tech zones was mainly driven by the formation of fixed capital.The driving forces from the formation of fixed capital declined while the driving forces from total factor productivity rose.The catch-up of 52 national grade high-tech zones was driven by the agglomeration of manufacturing capitals, especially in the FDI intensive areas and traditional manufacturing areas.The catch-up routes embodies technical progress from the promotion of TFP, which means the high-tech zones would evolve along the path of scale expansion instead of endogenous growth.Some suggestions are provided according to the results.
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Received: 20 January 2014
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2014, Vol. 0 
