Assessing Development Strategies of Jiangsu and Taiwan: A Geweke Causality Analysis

Khee Giap Tan, Randong Yuan () and Sangiita Wei Cher Yoong ()
Additional contact information
Khee Giap Tan: National University of Singapore, Singapore
Randong Yuan: National University of Singapore, Singapore
Sangiita Wei Cher Yoong: National University of Singapore, Singapore

Review of Pacific Basin Financial Markets and Policies (RPBFMP), 2017, vol. 20, issue 04, 1-28

Abstract: Among the economies in the Eastern coastal area of mainland China, Jiangsu has stood out in terms of its rapid and sustained economic growth since 2000. The province has done exceptionally well in terms of competitiveness indicators, catching up quickly with the leading Greater China economy of Taiwan. Such convergence has triggered much academic and policy interest in terms of understanding the driving factors that have enabled Jiangsu to catch up with Taiwan. In this context, this paper empirically analyzes the factors that have caused the convergence between the two economies from 2000 to 2011 by employing Geweke Causality analysis. By decomposing and examining the linear feedback between economic growth and vectors of variables capturing investments in infrastructure, human capital, science, technology and innovation activities, this paper confirms the important role played by those factors in the convergence between Jiangsu and Taiwan in recent years.

Keywords: Geweke causality; Jiangsu; Taiwan; China; competitiveness (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0219091517500242
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:rpbfmp:v:20:y:2017:i:04:n:s0219091517500242

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0219091517500242

Access Statistics for this article

Review of Pacific Basin Financial Markets and Policies (RPBFMP) is currently edited by Cheng-few Lee

More articles in Review of Pacific Basin Financial Markets and Policies (RPBFMP) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().