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Study of the Impact of the Rise and Fall of the Coal Industry on the Regional Economy

Study of the Impact of the Rise and Fall of the Coal Industry on the Regional Economy

Wensheng Wang, Fei Wen, Yejun Yang, Yuting Jia
Copyright: © 2022 |Volume: 30 |Issue: 6 |Pages: 17
ISSN: 1062-7375|EISSN: 1533-7995|EISBN13: 9781668425206|DOI: 10.4018/JGIM.302655
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MLA

Wang, Wensheng, et al. "Study of the Impact of the Rise and Fall of the Coal Industry on the Regional Economy." JGIM vol.30, no.6 2022: pp.1-17. http://doi.org/10.4018/JGIM.302655

APA

Wang, W., Wen, F., Yang, Y., & Jia, Y. (2022). Study of the Impact of the Rise and Fall of the Coal Industry on the Regional Economy. Journal of Global Information Management (JGIM), 30(6), 1-17. http://doi.org/10.4018/JGIM.302655

Chicago

Wang, Wensheng, et al. "Study of the Impact of the Rise and Fall of the Coal Industry on the Regional Economy," Journal of Global Information Management (JGIM) 30, no.6: 1-17. http://doi.org/10.4018/JGIM.302655

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Abstract

Coal has always been an important foundation for China’s economy. The booming and declining of the coal industry can directly impact the regional economy. This study researches the impact of the rise and fall of the coal industry on the regional economy, finance, and employment by establishing a panel data model. The results show that the economic growth rate of coal-producing areas is vulnerable to the rise and fall of the coal industry, and the impact is uneven. That is, the prosperity of the coal industry has a slightly greater impact on regional economic growth than that of a recession. The fiscal revenue and expenditure of coal-producing areas has been substantially affected during the coal industry recession, and the fiscal deficit has risen remarkably. The employment situation of urban workers in coal-producing areas is almost unaffected by the rise and fall of the coal industry.