Opening up, Market Reforms, and Convergence Clubs in China

Rui Hao

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Abstract: This paper evaluates the relationship between initial government policies and the emergence of convergence clubs in post-reform China. We test the structural stability of a global convergence equation using China's provincial data over the period 1985-2000. We find that the provinces cluster around two basins of attraction defined by initial opening-up. Domestic market reform exerts a positive and significant influence on provincial economic growth but have no threshold effect. The two convergence clubs exhibit strikingly different growth behaviors, suggesting that the roles of some growth-promoting factors such as human capital and infrastructure depend on whether an openness threshold is passed.

Date: 2008
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Citations: View citations in EconPapers (13)

Published in Asian Economic Journal, 2008, 22 (2), pp.133-160

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Journal Article: Opening up, Market Reform, and Convergence Clubs in China (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00284982

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