Land Use and Sustainable Development
WANG Zeyu, SONG Huan, MA Changhui, WANG Yanxi, LI Bo, ZHAO Liangshi, PENG Fei, FAN Fei, ZHAO Li
The oceans are strategically important for high-quality development. This study aimed to empirically analyze the driving degree of each factor type of the three main marine economic circles on the marine economic growth using the extended Cobb-Douglas production function, which contains elements, structures, institutions, and other factors. A spatial panel data model was used to test the working method of spatial convergence. The results show that (1) the factors influencing marine economic growth are ordered by their driving degree as follows: marine economic capital stock > sea-related human capital > marine technology capital > marine industrial structure > marine innovation and research capital, whereas institutional change has a negative effect. Among these, marine economic capital stock has the most significant driving effect, contributing approximately 4.29%, 4.35%, and 4.59% of the growth of marine economies in the northern, eastern, and southern marine economic circles, respectively. Currently, China's marine economy relies on capital for growth. There is substantial spatial dependence on marine economic growth in coastal areas. (2) The factors affecting the gap in regional marine economic growth include marine economic capital stock, marine innovation and research capital, marine technology capital, institutional change, and marine industry structure. Among these, marine economic capital stock is the most prominent, contributing 33.47%, 31.41%, and 30.92% to the gaps between the northern and eastern, northern, and southern, and eastern and southern marine economic circles, respectively. Furthermore, sea-related human capital can moderate the growth gap in the marine economy. (3) Convergence analysis shows that σ-convergence is more significant in the eastern marine economic circle, whereas the northern and southern marine economic circles are not obvious. In terms of β-convergence, the three major marine economic circles have significant absolute β and conditional β-convergence characteristics. The order of convergence speed is "eastern > southern > northern" and the conditional β-convergence speed is higher than that of the absolute β-convergence. Although the spatial gap narrows gradually, it cannot be eliminated in the short term.