Regional Growth and Income Inequality in China After 1978: A Spatial Econometric Approach

Yongbok Jeon and Tae Hwan Yoo
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Yongbok Jeon: Korea University
Tae Hwan Yoo: Kyung Hee University

Korean Economic Review, 2009, vol. 25, 105-131

Abstract: Based on Kaldorian approach to economic growth and development, this study aims at providing an alternative perspective and explanation of the pattern of regional growth and income inequality in China. Using spatial econometric techniques, it empirically demonstrates that the Chinese regional economic growth has been demand-led and that regional dependence among the Chinese provinces is weak. In order to rebound the current trend of increasing regional income inequality, the present study suggests the rehabilitation of active roles played by local governments in developing regional economies and progressive income distribution policy to support effective demand.

Keywords: Spatial Econometrics; Income Inequality in China; Demandled Growth; Spatial Autocorrelation (search for similar items in EconPapers)
JEL-codes: O18 O53 R58 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (1)

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