On the base of the 19th Communist Party of China (CPC) National Congress Report, President Xi emphasized that China’s economy has turned from a stage of fast-growing to high-quality development. This strategic shift provides specific guidance for our future research. Meanwhile, for the implementation of relevant requirements from the report on promoting economic and cultural exchanges and realizing the mutually beneficial cooperation across the Strait, Minjiang University has set up an “Efficiency and Productivity Research Center” and constructed advanced theory and methodology for the transitional economy from growth driven by input and investment to one driven by innovation.
As a nearest province to Taiwan and birthplace of “Maritime Silk Road”, Fujian could take full advantage of its policy, geography, overseas resource and Taiwan’s pilot program under the background of the “One Belt, One Road” (OBOR). Additionally, the cross-strait development achieved by scientific and technological innovation has turned China into an innovative country. Together with the establishment of Fuzhou Free Trade Zone (FTZ), the interdisciplinary innovators are highly demanded. Furthermore, the innovative model of talent training in university facilitates not only the exchange and cooperation of cross-strait higher education, but also the complementary development of regional economy.
The systematic, scientific and qualitative evaluation for economic and social efficiency as well as macroeconomic policy and their effects are proposed in order to avoid the waste of resource and the delay of development and make scientific decisions. Internationally progressive assessment of efficiency and productivity offers an excellent example of analyzing the reality of China's economy, leading to the continuous improvement of economic quality under the “new normal”. The analysis is of great theoretical and practical significance in improving total factor productivity and speeding up the supply-side structural reform.
As a major FTZ of four in China, treasuring and making the most of the “five overlapped area” has deepened economic cooperation and cultural exchanges across the strait. The research center will lead scholars to systematically studying the growth of efficiency and productivity in a wide range of industries and regions in China. It strengthens the economic and trade cooperation between China and the world. The major objectives of research center are characterized by university’s “innovation” and “internationalization" disciplines, including 1) the innovation efficiency and productivity of various industries and regions in China; 2) the performance and direct investment of efficiency and productivity for overseas enterprises; and 3) their associated spillover influences on industrial and regional economy.
Our research scope includes: in the context of OBOR and Fujian FTZ, certain hot topics during China's economic transformation have been discussed, such as overcapacity and resource allocation inefficiency in traditional industries, state-owned monopolies, regulatory reforms in network industries, economic efficiency in public services (health care, education, employment, etc.). Along with theory and method innovated as the precursor and hot spots as the entry, empirical studies will be in-depth quantified and analyzed to make suggestions for economic and social development.
200 Xiyuangong Road, Minhou, Fuzhou, Fujian 350108