IS CHINA’S URBANIZATION CONVERGENT?

Tie-Ying Liu (), Chi-Wei Su and Xu-Zhao Jiang ()
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Tie-Ying Liu: School of Economics and Management, Beijing Jiaotong University, Beijing, China
Chi-Wei Su: Department of Finance, Ocean University of China, Qingdao, 238 Songling Road, Qingdao, Shandong, China
Xu-Zhao Jiang: School of Economics, Ocean University of China, China

The Singapore Economic Review (SER), 2016, vol. 61, issue 05, 1-18

Abstract: In this study, we apply a stationarity test with a flexible Fourier function proposed by Enders and Lee [Oxford Bulletin of Economics and Statistics, 74 (2012) 574–599] to test the convergence of China’s urbanization. We find that our approximation has greater power to detect U-shaped and smooth breaks than the linear method if the urbanization is, in fact, a stationary non-linear process. It shows that the stationarity of the urbanization level varies across different regions where urbanization levels are convergent mainly in the middle- and low-income regions in China, while the high-income regions’ urbanization is divergent. This, in turn, shows that most of the regions, especially high-income regions, have their own economic evolution rules due to the degree of openness in the economy and urbanization process.

Keywords: Urbanization; flexible fourier test; structural change (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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DOI: 10.1142/S0217590815500587

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