Empirical Study On The Disparity And Convergence Of Jiangsu Regional Economic Growth

Regional economic disparity is advantageous in forming the situation between the regions which you struggle me to catch up with, ultimately promotes a region and even the entire national economy develop rapidly and efficiently. But this difference exist a longtime and enlarge excessively, which will be one of the significant barriers that threat to social harmony and coordination. Since reform and opening up, with the comprehensive economic strength has strengthened unceasingly in jiangsu, and its internal difference also expanded unceasingly. For economic sustained, rapid, healthy and coordinated development in jiangsu, as well as"the first two"goals to be realized smoothly, we should consider the following questions thoroughly: the primary reasons for this disparity; this disparity is whether there is a narrowing trend that is the existence of convergence trends; the factors affect its convergence; what kind of convergence path it will take, and so on. Under this background, the paper through the analysis of differences and convergence of jiangsu regional economic growth, studys the above questions.This paper bases on the theory of economic growth, uses the weighted standard deviation and the weighted coefficient of variation to describe and analyze the situation of Jiangsu regional economic growth differences, and use the Theil coefficient on economic growth in Jiangsu Province differences to break it down, thus clearly illustrates the situation of Jiangsu economic growth, as well as the source and constitution for it; Through three parts to analyze the convergence and the factors of jiangsu economic growth: first, use the model made by Sala - I-Martin to test three kind of economic growth, and then use an econometric model of economic growth in analyzing the factors of Jiangsu economic growth convergence, and then through the impulse response function and variance decomposition, compare the contribution of factors affecting economic growth in various regions of Jiangsu Province, which reveals the main reason for differences; through the analysis of the main macroeconomic variables causal relationship in different regions of Jiangsu, study the path of Jiangsu economic growth convergence.Based on the above analysis and empirical studies, the paper comes to the following main conclusions: Jiangsu regional economic growth differences have had expanding overall, and even continued to widen; Inter-regional differences in the overall difference is always the determining factor; differences of economic growth there is noσ-convergence and obviousβ-convergence generally, but exist the conditionβ-convergence, and exist either long or short club convergence in different areas or different stages; physical capital, the initial human capital, industrial structure factor, which impetus function are more remarkable in factors that impact on economic growth; the material capital provides the largest contribution rate, followed by human capital, and the tertiary industry and the contribution rate of tertiary industry to the economic growth has continued to trend growth; the path of Jiangsu regional economic growth convergence .Finally, the paper suggests some policy suggestion based on the above conclusion in order to advance the regional coordination development of Jiangsu Province. In the end, the paper points out some questions need to think about and further study in following studies on related issues.