A Study On The Nexus Between China—Africa's Economic,Trade Cooperation And Economic Growth Concergence In Africa

The convergence of economic growth has always been one of the research hotspots in the field of economic growth.Existing research tends to take the example of developed economies or integrated organizations with similar development levels.African countries have large differences in economic level,market maturity,social system and political system,and their regional economic integration process is more complicated.In recent years,the economies of African countries have shown a rapid development trend.Does the country in the African region have a tendency to economic convergence during this development process? With the gradual deepening of China-Africa economic and trade cooperation,what role does China-Africa economic and trade cooperation play in the convergence of African economic growth?Based on the above questions,this paper divides from the perspective of theory and evidence.In the empirical analysis,we first empirically analyze the current situation of economic growth convergence in Africa based on ? convergence and ? convergence and club convergence test model.Secondly,we test the relationship between import and export trade and investment between China and Africa and African economic convergence.At the same time,it also controls the influence of economic and trade cooperation between other countries and Africa.Finally,some suggestions were provided for the further deepening of China-Africa cooperation.The research shows that: 1.The African regional economy has experienced a process of convergence after the first divergence,the divergence and convergence time period is relatively short,and the intermediate fluctuation state lasts for a long time.Whether it is absolute beta convergence or conditional convergence,it shows that the economic growth of African countries tends to converge as a whole after 2003.From the perspective of club convergence,the similarity of economic development levels in African countries has a greater impact on economic convergence than the concentration of geographical locations.2.Both the capital level and the degree of openness have a significant positive effect on the convergence of economic growth in Africa,while the inflation rate and the national economic freedom index have a negative impact.3.Africa's export trade to China has a significant positive effect on the convergence of African countries' economic growth,while import trade has shown a restraining effect,mainly due to the substitution of imported products in the short term;China's direct investment in Africa is significant.Promote African economic growth tends to converge.