Economic Growth In All Regions Of Jiangsu Province And Its Influencing Factors Of Convergence--Based On Panel Data

Can backward regions catch up with wealthier areas, the welfare of all residents can be improved, this is undoubtedly of great significance in economics research topic. Baumol has made since the convergence hypothesis, a large number of scholars began to make theoretical and empirical aspects of a large number of studies, research methods with the more mature, some scholars have begun to be introduced into the empirical analysis of China.Since reform and opening, Jiangsu Province, rapid economic development, regional GDP growth of 12.6%, increase the country's GDP made outstanding contributions to economic and social indicators tops in the nation. However, the overall rapid economic development, the province has not been coordinated regional economic development. Overall indicators of economic development growth, the province between the regions there are wide differences between southern, central and northern ladder showing the development of the resulting regional disparities, also subject to the attention of scholars home and abroad. The gap between South & North Region, has become a bottleneck restricting the further development of Jiangsu. Regional disparities is an issue that corresponds to economic growth is in the convergence between the various regions. How to reduce regional disparities, regional economic convergence, is well-off society, the key to building a harmonious society.This paper analyzes the economic development of Jiangsu Province on the basis of, first, the use of panel regression analysis and panel unit root test from a different point of view a more comprehensive study of Jiangsu Province convergence of regional economic growth, and the use of kernel density and kernel sub-periods of Jiangsu Province The dynamic evolution of economic growth; then, the influence of factors in different regions of the convergence between the analysis of the contribution.The main research findings include:(1) Jiangsu Province, there is no convergence in general, but in 1996-1999,2006-2008, there were convergence 1999-2006, there is a clear divergence. Southern, central and northern convergence did not exist in general. (2) does not exist across regions absolute convergence, the introduction of the openingβof Jiangsu Province degree of marketization, urbanization and industrialization and other control variables, economic growth and convergence conditions for the existence phenomenon, it is clear in the system, and other conditions consistent with the premise Next, the growth rate across regions and income disparity would be reduced year by year, and eventually converge. (3) club convergence, the Southern and the existence of the Soviet Union in the club convergence, convergence is not stable Northern club.On this basis, the convergence factors of economic growth in Jiangsu Province from the capital, Institutional Change and the three aspects of the structure analysis and the analysis results, to promote economic development in Jiangsu Province, the rationalization of the proposed narrowing regional differences.