A Matter of Time: Revisiting Growth Convergence in China

Fredrik Andersson, David Edgerton and Sonja Opper

World Development, 2013, vol. 45, issue C, 239-251

Abstract: 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 short-term. Over the long term, provinces cluster into two converging growth clubs.

Keywords: regional convergence; developing countries; growth; China (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (27)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:wdevel:v:45:y:2013:i:c:p:239-251

DOI: 10.1016/j.worlddev.2012.12.013

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