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Why is Chinese Regional Output Diverging?

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Author

Summary, in English

In a recent paper Pedroni and Yao (2006) present strong evidence suggesting that Chinese provincial per-capita output is diverging, a result that goes against the Chinese government’s goal of a balanced wealth-creation across provinces. This paper provides an in-depth analysis of the reasoning behind this finding. Our main result is that the divergence does exist, even when new data and more advanced methods of analysis are used. We also find that it has both an idiosyncratic and a common component. Hence, the increased per-capita output inequalities observed at the provincial level is due to both province-specific disparities and to disparities between groups of provinces.

Publishing year

2010

Language

English

Pages

333-344

Publication/Series

Journal of Asian Economics

Volume

21

Issue

4

Document type

Journal article

Publisher

Elsevier

Topic

  • Economics

Keywords

  • Output convergence
  • Common factor
  • Panel unit root tests
  • China

Status

Published

ISBN/ISSN/Other

  • ISSN: 1049-0078