Opening up, Market Reforms, and Convergence Clubs in China - Centre d'études et de recherches sur le developpement international Accéder directement au contenu
Article Dans Une Revue Asian Economic Journal Année : 2008

Opening up, Market Reforms, and Convergence Clubs in China

Résumé

This paper evaluates the relationship between initial government policies and the emergence of convergence clubs in post-reform China. We test the structural stability of a global convergence equation using China's provincial data over the period 1985-2000. We find that the provinces cluster around two basins of attraction defined by initial opening-up. Domestic market reform exerts a positive and significant influence on provincial economic growth but have no threshold effect. The two convergence clubs exhibit strikingly different growth behaviors, suggesting that the roles of some growth-promoting factors such as human capital and infrastructure depend on whether an openness threshold is passed.
Fichier non déposé

Dates et versions

hal-00284982 , version 1 (04-06-2008)

Identifiants

  • HAL Id : hal-00284982 , version 1

Citer

Rui Hao. Opening up, Market Reforms, and Convergence Clubs in China. Asian Economic Journal, 2008, 22 (2), pp.133-160. ⟨hal-00284982⟩
56 Consultations
0 Téléchargements

Partager

Gmail Facebook X LinkedIn More