中文摘要：

该文理论推演了地租、距离成本与资本积累之间的关系，并基于新古典经济增长理论，构建了一个引入空间因素的经济增长模型。理论演绎认为，在与外部市场距离较远的地区，地租水平会被压低以弥补距离成本损耗，进而导致地区资本积累率较低。常被认为是中西部比较优势的低要素成本——低地价，可能恰恰就是制约中西部资本积累与长期发展的桎梏。产业西移可能会降低中国以地租为形式的资本积累。实证研究发现中国产业西移带来的经济活动地理集中度的下降很可能是导致中国经济增长下滑的重要原因之一。若要实现区域平衡政策目标，就有必要调低经济增长目标，容忍更低的经济增长率。

英文摘要：

This paper deduces the theoretical relationship between the land rent, the distance cost and the capital accumulation. We build a new economic growth model by introducing space factors into the neoclassical growth model. The theoretical analysis illustrates that higher trade cost will lead to lower land rent level and lower rate of capital accumulation, which will lead to a lower economic growth rate and lower output equilibrium point in remote regions which is far away from the market. Low factor cost, such as low land rent , currently considered to be the comparative advantage of the western regions, is precisely the shackle of capital accumulation and long-term development. The empirical study shows that the decline of the geographical concentration of economic activities caused by China＇s industrial relocation is one of the important reasons for the decline of China＇s economic growth. If we want to achieve the goal of regional balance, it is necessary to reduce the economic growth target and even tolerate lower economic growth rate.