A Matter of Time: Revisiting Growth Convergence in China
Författare
Summary, in English
China’s unbalanced growth strategy has seemingly fostered growing inter-regional growth disparities and there is little evidence of wealth trickling down from richer provinces to poorer provinces. Standard convergence tests, however, may be ill specified to detect underlying long-term growth trends in small samples due to the pronounced and frequent inter-regional short-term fluctuations. Our paper suggests a novel approach to distinguish between these long-term growth trends and short-term fluctuations. Based on provincial data from 1978 to 2009, our results indicate that China’s provinces only diverge over the shortterm. Over the long term, provinces cluster into two converging growth clubs.
Avdelning/ar
Publiceringsår
2013
Språk
Engelska
Sidor
239-251
Publikation/Tidskrift/Serie
World Development
Volym
45
Issue
May
Länkar
Dokumenttyp
Artikel i tidskrift
Förlag
Elsevier
Ämne
- Economics
Nyckelord
- China
- growth
- developing countries
- regional convergence
Status
Published
ISBN/ISSN/Övrigt
- ISSN: 1873-5991