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논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 저널정보
- 한국자료분석학회 Journal of The Korean Data Analysis Society Journal of The Korean Data Analysis Society 제19권 제5호
- 발행연도
- 2017.1
- 수록면
- 2,331 - 2,344 (14page)
이용수
초록· 키워드
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This paper examines the hypothesis of per-capita income convergence among 31 Chinese provinces during 1993∼2016, using CIPS panel unit root and MD test. The results of MD test show that limited evidence in line with convergence is found in whole sample as well as in some subgroups. The result for club 1 is strongly supportive of the per-capita income convergence hypothesis. The results of CIPS test do not support a nationwide convergence in per-capita income gap in China, while the convergence is found in some clubs. This finding indicates that per-capita income differentials among provinces are not the transitory convergence process and thus the income differentials do not tend to disappear. Therefore, the rapid economic growth of China's provincial economies during our sample period could be at the price of the increasing interprovincial inequality. Consequently, our empirical findings imply that past policies by Chinese government might not have been able to produce the much needed reduction in persisting regional gaps. Thus, policies aimed at alleviating these structural differences in output are required.
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참고문헌 (22)
참고문헌 신청
Banerjee, A. / 2005 / Testing for PPP : should we use panel methods / Empirical Economics 30 : 77 ~ 91
Chen, J. / 1996 / Regional income inequality and economic growth in China / Journal of Comparative Economics 22 : 141 ~ 164
Dayal-Gulati, A. / 2002 / Centripetal forces in China's economic take-off : 364 ~ 394
Im, K. S. / 2003 / Testing for unit root in heterogeneous panels / Journal of Econometrics 115 : 53 ~ 74
Jian, T. / 1996 / Trends in regional inequality in China
Chen, J. / 1996 / Regional income inequality and economic growth in China / Journal of Comparative Economics 22 : 141 ~ 164
Dayal-Gulati, A. / 2002 / Centripetal forces in China's economic take-off : 364 ~ 394
Im, K. S. / 2003 / Testing for unit root in heterogeneous panels / Journal of Econometrics 115 : 53 ~ 74
Jian, T. / 1996 / Trends in regional inequality in China
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