Semiparametric Analysis Of The Convergence Of The Regional Economic Growth In China

The issue of economic growth convergence has resulted lots of controversy in theoretical and academic circles. Neo-classical growth theory figured out that, as the marginal benefit of capital reduced in production, with the inter-regional free movement of factors, less backward areas with less capital stock per capita would due to higher faster capital gains and growth rate than the more developed regions with more capital stock per capita, thereby catching up with the economically developed areas, inter-regional output per capita will tend to balance out and the regional economic growth convergence. Against neo-classical growth theory's defects of treating technical advancement as exogenous, new theory of economic growth treats the technical advancement as endogenous, questioned the theory of convergence. Meanwhile, some can be found for the low-income countries or regions to speed up economic growth and narrow the gap between the regional economic factors in new theory of economic growth.In recent years, at home and abroad have a great deal of study of China's regional economic growth convergence results. However, there is still a large dispute on their views of China's regional economic convergence. So, naturally, we will have two doubts, in the end China's regional economic growth is the convergence or not convergence, Regional economic disparities in the long term is the expanding trend of a narrowing trend? What factors led to the growth of China's regional economic disparities this trend? Thus, it has higher theoretical and practical significance to further study regional economic growth convergence on the basis of previous research. Further in studying the literature course, we can not help but doubt also that, since the 1990s, China's economic growth in the regional convergence and regional economic disparities in the long-term there is a widening or narrowing trend? Capital and labor inputs, the right since the 1990s regional economic growth convergence of the impact, whether they lead to regional economic growth or the convergence of convergence? Both of these problems would become a paper attempted to answer the question.Based on the convergence theory in the document about economic growth, this article sets semiparametric econometrics as model to analyze the difference about economic growth between areas in China empirically, since 1990. After that, it also discusses the internal reasons of convergence or divergence. Our results shows there is conditional convergence in China, although somewhere not. We provide several explanations from constitution, strategies, flow of labors, geography, etc. For each probable factor that causes the expansion of difference in economic growth among the national cities, reformation is suggested helpful.