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| The Difference of County Capital Endowment and Its Impact on Economic Resilience in Zhejiang Province |
| XIE Qingyong1 , ZHU Huayou2 |
1. Jinhua Polytechnic
2. College of Economics and Management, Zhejiang Normal University
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Abstract: With the index system method to measure the county capital in Zhejiang Province, this study uses the multi factor variance analysis to analyze the economic toughness of different regional capital types. On the above basis, it uses the barrow linear regional growth model to analyze the relationship between regional capital and economic toughness. The results show that the areas with the most abundant regional capital (type I) are Hangzhou and Ningbo. The less abundant includes 16 areas such as Chun'an County, Lin'an City and Anji County, and the middle area (type III) includes 13 areas such as Fuyang City and Tonglu County. The areas with scarce regional capital (type IV) include 20 regions such as Jiande City and Pan'an County, and the areas with low regional capital (type V) include 15 sub regions such as Qingyuan County and Suichang County. The region with the most abundant regional capital (type I) is more resilient than other regions, while the region with low regional capital (type V) is the least resilient. During the international financial crisis, per capita GDP showed a positive correlation with the resistance to the initial impact and a negative correlation with the resistance to the gap. The higher the foreign direct investment, the stronger the ability to resist the impact. External capital and human capital have significant effects on resilience in different regions, while agglomeration economy has no direct relationship with resilience. Private capital has little effect on resilience.
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Received: 15 December 2021
Published: 15 June 2022
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2022, Vol. 42 
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