跳至主要内容

How Does Growth Follow Differential Convergence Patterns? A Study of the Chinese Regions and Sectors

Read full paper at:
http://www.scirp.org/journal/PaperInformation.aspx?PaperID=50794#.VE8MglfHRK0

Author(s)  
This paper focuses on examining differential convergence patterns in productivity growth in China. Our empirical analysis shows that the Chinese provinces exhibit absolute divergence and then absolute convergence respectively during 1990-2000 and 2000-2010. In addition, absolute convergence is present during 1985-1995 and 2000-2010 in the primary sector and during 1995-2010 in the secondary sector. Our regressions also show that either for the overall regional economy, or for any individual sector, growth in labor productivity exhibits strong convergence. Besides the convergence trends, we also find that the secondary and tertiary sectors have grown significantly faster than the primary sector.
Cite this paper
Jiang, Y. (2014) How Does Growth Follow Differential Convergence Patterns? A Study of the Chinese Regions and Sectors. Theoretical Economics Letters, 4, 705-715. doi: 10.4236/tel.2014.48090. 
 

[1] Holz, C.A. (2008) China’s Economic Growth 1978-2025: What We Know Today about China’s Economic Growth Tomorrow. World Development, 36, 1665-1691.
http://dx.doi.org/10.1016/j.worlddev.2007.09.013
[2] Knight, J. and Song, L. (1993) The Spatial Contribution to Income Inequality in Rural China. Cambridge Journal of Economics, 17, 195-213.
[3] Rozelle, S. (1994) Rural Industrialisation and Increasing Inequality: Emerging Patterns in China’s Reforming Economy. Journal of Comparative Economics, 19, 362-391.
http://dx.doi.org/10.1006/jcec.1994.1108
[4] Yao, S. (1997) Industrialisation and Spatial Income Inequality in Rural China, 1986-92. The Economics of Transition, 5, 97-112. http://dx.doi.org/10.1111/j.1468-0351.1997.tb00005.x
[5] Yao, S. (1999) Economic Growth, Income Inequality and Poverty in China under Economic Reforms. Journal of Development Studies, 35, 104-130. http://dx.doi.org/10.1080/00220389908422604
[6] Yao, S. and Zhang, Z. (2001) Regional Growth in China under Economic Reforms. Journal of Development Studies, 38, 167-186. http://dx.doi.org/10.1080/00220380412331322301
[7] Hsueh, T. (1994) Pattern of Regional Development in the Peoples Republic of China. Asian Economic Journal, 8, 1-38. http://dx.doi.org/10.1111/j.1467-8381.1994.tb00006.x
[8] Gundlach, E. (1997) Regional Convergence of Output per Worker in China: A Neoclassical Interpretation. Asian Economic Journal, 11, 423-442. http://dx.doi.org/10.1111/1467-8381.00046
[9] Raiser, M. (1998) Subsidising Inequality: Economic Reforms, Fiscal Transfers and Convergence across Chinese Provinces. Journal of Development Studies, 34, 1-26.
http://dx.doi.org/10.1080/00220389808422518
[10] Solow, R.M. (1956) A Contribution to the Theory of Economic Growth. Quarterly Journal of Economics, 70, 65-94. http://dx.doi.org/10.2307/1884513
[11] Barro, R.J., Mankiw, N.G. and Sala-i-Martin, X. (1995) Capital Mobility in Neoclassical Models of Economic Growth. American Economic Review, 85,103-115.
[12] Ramsey, F. (1928) A Mathematical Theory of Saving. Economic Journal, 38, 543-559.
http://dx.doi.org/10.2307/2224098
[13] Cass, D. (1965) Optimum Growth in an Aggregative Model of Capital Accumulation. Review of Economic Studies, 32, 233-240. http://dx.doi.org/10.2307/2295827
[14] Koopmans, T.C. (1965) On the Concept of Optimal Economic Growth. In: Johansen, J., Ed., The Econometric Approach to Development Planning, North Holland, Amsterdam.                                  eww141028lx
标签：

评论

发表评论

此博客中的热门博文

Does Immigration Promote the Investment of the Monopolistic Firm?

In the present paper, we examine the effect of increasing uncertainty of immigrants’ growth on the optimal timing of investment of a firm that has a monopolistic power over the labor market. It is revealed that when the uncertainty of immigrants’ growth is more than a threshold level, increasing uncertainty of immigrants’ growth accelerates the optimal timing of firms’ investment and enhances the economic growth, even if the uncertainty of immigrants’ growth is formulated by the geometric Brownian motion, which is in sharp contrast to the standard result that an increase in the uncertainty postpones the optimal timing. With an increase in the immigrants over the past ten years, workforces in the host countries have been growing significantly to the extent that the immigrants represent 70% of the increase in the workforce in Europe, and 47% in the United States as OECD indicates. In the present paper, we attempted to investigate the effect of increased uncertainty caused by the growi...
发表评论
阅读全文

Education Policy Implementation: A Mechanism for Enhancing Primary Education Development in Zanzibar

Education is one of the fundamental rights of individuals; therefore, the government of a country needs to develop and strengthen educational policy and quality as well as to ensure that everyone has equal access to basic education. The improvement of access and quality of education in the world is becoming as an essential factor in development, whereas the basic education (primary school), is acknowledged as a foundation of the higher educational development for every country. To fulfill this goal, governments introduce several policies and procedures; however, it requires some reforms and participation from the politician, policymakers, and other stakeholders to re-examine educational policy so that it can lead to multiplication and betterment of the reforms. Educational reforms actually focus on accountability. A positive educational development and reform is very challenging and needs more effort and strategy on how to use and utilize the resources effectively as such it can achie...
发表评论
阅读全文