Study on mechanism of resource constraints, technology spillovers and economic growth—Based upon the perspective of trade liberalization

This paper has established a three-sector endogenous growth model by the introduction of natural resources into production function and the trade opening into R&D function. Firstly, it demonstrates the economic growth rate of the balanced growth path through equilibrium analysis of the model. Secondly, it has a systematic discussion about the impact of each economic variable on the steady-state growth rate through comparative static analysis and numerical simulation analysis of the balanced growth path. Lastly, it has empirically proved the theoretical researches of this paper through the utilization of panel data of Chinese resource-oriented regions and quantile method. Studies have shown that obtaining trade benefits by technology spillovers effect of trade opening are capable of surmounting the constraints of resource bottleneck and realizing the sustainable development of economy.