2009Cai-jing yanjiuRequires access

Retest on China's Regional Economic Convergence in a Perspective of Spatial Econometrics:Provincial Data from 1985 to 2007

Jie Zhang

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Abstract

In a perspective of spatial economics,the paper tests the convergence and formation mechanism of China's regional economic growth.The results of the empirical study are as follows:firstly,from 1985 to 2007,China's regional economic growth displays the absolute β-convergence in the long term,but it does not display absolute β-convergence in the short term,which can not be achieved by OLS;secondly,China's regional economic growth displays conditional β-convergence both in long and short terms,which also can be achieved by OLS.

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What this paper is about

In a perspective of spatial economics,the paper tests the convergence and formation mechanism of China's regional economic growth.The results of the empirical study are as follows:firstly,from 1985 to 2007,China's regional economic growth displays the absolute β-convergence in the long term,but it does not display absolute β-convergence in the short term,which can not be achieved by OLS;secondly,China's regional economic growth displays conditional β-convergence both in long and short terms,which also can be achieved by OLS.

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Available abstract

In a perspective of spatial economics,the paper tests the convergence and formation mechanism of China's regional economic growth.The results of the empirical study are as follows:firstly,from 1985 to 2007,China's regional economic growth displays the absolute β-convergence in the long term,but it does not display absolute β-convergence in the short term,which can not be achieved by OLS;secondly,China's regional economic growth displays conditional β-convergence both in long and short terms,which also can be achieved by OLS.

Key concepts: Convergence (economics), Conditional convergence, China, Economics, Econometrics, Spatial econometrics, Perspective (graphical), Panel data

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