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Study On The Convergence Of Economic Growth Among Provinces In China

Posted on:2005-02-12Degree:MasterType:Thesis
Country:ChinaCandidate:C J ZhangFull Text:PDF
GTID:2156360122486217Subject:Regional Economics
Abstract/Summary:PDF Full Text Request
Economic growth is the base and premise of the development of economy and the improvement of society to a country or a region, therefore it has been the main research topic of economics for a long time. Economists always paid more attention on the long-run trend and the inner mechanism of the economic growth. The attracting anticipation to the long-run trend of economic growth was put forward by convergence hypothesis based on the neoclassical economic growth model. On this ground, the issue of convergence or divergence, the speed of convergence and the cause of convergence, were became the hot topics of western regional economics study.As convergence study place great emphasis on the long run trend of the regional economic growth, the key factor restrict the regional economic growth can be found more easily. In this article, the author lays great stress on the process feature of regional economic growth. The process feature of regional economic growth in china was indicated by five process variables: industrialization, urbanization, marketlization, openization, informatization. How these variables influence economic growth and its convergence among provinces in china was studied mostly in the article.The article consists of six parts. The first part, puts forward the research topic of the article, have a review on relevant documents, and make a plan of the study.In the second part, the assumption of the article based on some theory is proposed. The process variables of industrialization, urbanization, marketlization, openization and informatization is crucial to regional economic growth in china, and consequently they take important effect on it's convergence or divergence.The third part is empirical study used the method of convergence for validate the assumption. Practical research was made on the economic growth among provinces in china form 1952 to 2001.The fourth part has a more deeply analyses on how the process variables influence the regional economic growth and its convergence, so as to find the key factors which result in the disparity of regional economic growth.The fifth part is conclusion of the study, and the enlightenment to policy could be obtained from the study was discussed too.In the sixth part, the drawback of the article and the work should be done in the next study was pointed out.The main conclusion of this study is as follows:The characteristic of o convergence of regional economic growth among provinces in china is none-liner, that is, convergence and divergence happened one afteranother. The shape of the curve of value is "three down and three up" as a whole from 1952 to 2001. In the "three down" phase, from 1952 to 1955,from 1960 to 1967,and from 1976 to 1990, convergence happened. In the "three up" phase, from 1955 to 1960,from 1967 to 1976,and from 1990 to 2001 divergence happened. There are no obvious correlation between the economic growth rate of the country and the value of o ,the high economic growth rate and convergence can happen in the same period. We can obtain convergence and keep the high economic growth rate simultaneously.Absolute convergence was not exit for the long-run trend of regional economic growth among provinces in china from 1952 to 2001.The market mechanism can't lessen the economic gap by itself, the adjustment and control of regional economy by central government is indispensable.Conditional convergence is obviously exit for the economic growth among provinces in china. Industrialization, openization, marketlization, informatization, except urbanization were proved to be the important condition of convergence as they influenced the regional economic growth and convergence significantly.Club convergence is obviously exit for the economic growth among provinces in china. The empirical study showed, there are the three big convergence clubs, the eastern, the middle, and the western. Furthermore, there are small convergence clubs which in the second or third hierarchy in the three big convergence clubs.The economi...
Keywords/Search Tags:economic growth, convergence, process variable, industrialization, urbanization, marketlization, openization, informatization
PDF Full Text Request
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