Economic Dependence Relationship and the Coordinated & Sustainable Development among the Provinces in the Yellow River Economic Belt of China

Abstract

This study uses the mutual information method to study economic dependence among the provinces in the Yellow River Economic Belt, constructs the core dependence structure through the maximum spanning tree method, and uses the rolling window method to observe the changes in the dependence structure from a dynamic point of view. It has been found that there are extensive economic links among the nine provinces in the Yellow River Economic Belt, but that the degree of economic dependence varies greatly in different time periods. When economic development and the capital market are overheated, the interregional dependence is stronger, while the dependence decreases when economic development is in a state of contraction or when the total demand is relatively reduced. In addition, the phenomenon of geographical clustering of economic dependence is not obvious among provinces in the Yellow River Economic Belt. Most of the provinces maintain strong economic dependence with the economically developed provinces, and the economically developed provinces also maintain strong economic ties with one another. Finally, the implementation of the Yellow River Economic Belt strategy strengthens the economic links between the less developed provinces and the other provinces in the region, and promotes coordinated and sustainable development in the region.