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Impact of Beijing Olympic‐related Investments on Regional Economic Growth of China: Interregional Input–Output Approach *
Author(s) -
Zhang Yaxiong,
Zhao Kun
Publication year - 2007
Publication title -
asian economic journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.345
H-Index - 28
eISSN - 1467-8381
pISSN - 1351-3958
DOI - 10.1111/j.1467-8381.2007.00257.x
Subject(s) - beijing , china , spillover effect , rest (music) , economics , investment (military) , economic geography , economy , geography , macroeconomics , political science , medicine , cardiology , archaeology , politics , law
Using the interregional input–output model, the present paper analyzes the impact of Olympic‐related investments on the economic development of Beijing and its surrounding areas, as well as the rest of China. The interregional input–output model provides a satisfactory simulation and analysis of Olympic‐related investments that are implemented in Beijing and other areas and their spillover effects on other regions. We estimate that from 2002 to 2007, Olympic‐related investments will add 2.02, 0.23 and 0.09 percent annually to gross regional products of Beijing, its surrounding areas and the rest of China, respectively.