Stochastic regional convergence in China: the role of regional clusters in a nonlinear perspective (1952–2007)
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http://dx.doi.org/10.1111/1468-0106.12058 |
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Title
Stochastic regional convergence in China: the role of regional clusters in a nonlinear perspective (1952–2007)Date
2014Publisher
WileyISSN
1361-374X; 1468-0106Type
info:eu-repo/semantics/articlePublisher version
http://onlinelibrary.wiley.com/doi/10.1111/1468-0106.12058/abstractAbstract
This paper investigates the notion of stochastic convergence behaviour across the Chinese
provinces. Unlike previous works, the present paper takes into account the economic geography by
examining the regional ... [+]
This paper investigates the notion of stochastic convergence behaviour across the Chinese
provinces. Unlike previous works, the present paper takes into account the economic geography by
examining the regional clusters and the significant transformation of the Chinese economy through
the introduction of structural breaks and nonlinearities in the model. Results indicate that the
regional clusters are relevant to the convergence behaviour across China, when both the administrative
division and the regional clusters are considered. However, the number of provinces that are
converging is higher in the latter case. When nonlinearities were considered across the regional
clusters, we found that 18 provinces have already converged with their cluster, 3 provinces are
catching up and 10 regions show divergence. These findings are useful for the design and development
of national and regional economic policies in the Chinese economy. [-]
Is part of
Pacific Economic Review, 19: 2 (2014)Rights
© 2014 Wiley Publishing Asia Pty Ltd
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info:eu-repo/semantics/restrictedAccess
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- ECO_Articles [688]