Resource title

Regional convergence of output per worker in China : a neoclassical interpretation

Resource image

image for OpenScout resource :: Regional convergence of output per worker in China : a neoclassical interpretation

Resource description

Regional output per worker has converged across Chinese provinces in 1979- 1989. The estimated rate of convergence is 2.2 percent. This rate of convergence can be explained by neoclassical growth model conditional on assumptions about factor mobility and production elasticities. My empirical results show that capital mobility has been high across Chinese provinces and that the production elasticity of human capital is about twice as high as the production elasticity of physical capital. With less interprovincial capital flows as the result of an expected increase in fiscal decentralization, the rate of convergence of regional output per worker is likely to decline.

Resource author

Erich Gundlach

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/1765

Resource license

Adapt according to the presented license agreement and reference the original author.