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RESEARCH ON CONVERGENCE OF REGIONAL ECONOMIC GROWTH IN JILIN PROVINCE

Jing Zhang

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Abstract

Regional economic growth is a complex system,it is the results of the interactions of various internal factors.How to explain the economic growth and the gap between regional economic development level is the hot issue of the research on the theory of economic growth.This paper based on the theory of new classic growth and the new growth theory,according to the Sala-I-Martin convergence test model,reasoning the convergence of Jilin province’s regional economic growth.The results show that the year 1985 to 1992 and the year 2001-2008 the economic growth in Jilin province existence the δ-convergence;after the year of 2000 exist a the weak absolute β-convergence;the year between 1985 to 2008 exist the phenomenon of conditional β-convergence.

About this research paper

What this paper is about

Regional economic growth is a complex system,it is the results of the interactions of various internal factors.How to explain the economic growth and the gap between regional economic development level is the hot issue of the research on the theory of economic growth.This paper based on the theory of new classic growth and the new growth theory,according to the Sala-I-Martin convergence test model,reasoning the convergence of Jilin province’s regional economic growth.The results show that the year 1985 to 1992 and the year 2001-2008 the economic growth in Jilin province existence the δ-convergence;after the year of 2000 exist a the weak absolute β-convergence;the year between 1985 to 2008 exist the phenomenon of conditional β-convergence.

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Available abstract

Regional economic growth is a complex system,it is the results of the interactions of various internal factors.How to explain the economic growth and the gap between regional economic development level is the hot issue of the research on the theory of economic growth.This paper based on the theory of new classic growth and the new growth theory,according to the Sala-I-Martin convergence test model,reasoning the convergence of Jilin province’s regional economic growth.The results show that the year 1985 to 1992 and the year 2001-2008 the economic growth in Jilin province existence the δ-convergence;after the year of 2000 exist a the weak absolute β-convergence;the year between 1985 to 2008 exist the phenomenon of conditional β-convergence.

Key concepts: Convergence (economics), Conditional convergence, Growth theory, Economics, Economic geography, Growth model, Economic growth, Macroeconomics

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