1. College of Economics, Jinan University, Guangzhou 510632, China; 2.College of Resources and Environment, Henan University of Economics and Law, Zhengzhou 450046, China; 3.Shenzhen Bao’an Development Research Institute, Shenzhen 518101, China
This paper constructs a theoretical model of regional relay growth, which proves that an economy can adopt the regional relay growth mode to realize the sustained and rapid growth longer than the rapid growth stage of the single (or some) region. Empirical analysis shows that there has been a regional relay growth in the process of economic growth since the reform and opening up, which is an important reason for the sustained and rapid growth of China’s economy for more than 30 years. In terms of growth rate, regional relay growth occurred in 2002. At present, the eastern developed provinces and cities are in the period of slowdown and structural adjustment, while some central and western provinces and cities are entering a phase of rapid growth. Therefore, China should take these central and western provinces and cities as relay areas, and vigorously support its economy to maintain rapid growth trend, so as to achieve sustained and rapid growth of the national economy.