Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/881 
Authors: 
Year of Publication: 
1996
Citation: 
[Publisher:] Institut für Weltwirtschaft (IfW) [Place:] Kiel [Year:] 1996
Series/Report no.: 
Kiel Working Paper No. 726
Publisher: 
Kiel Institute of World Economics (IfW), Kiel
Abstract: 
Regional output per worker has converged in China in the era of market socialism since 1978. The estimated speed of convergence is about 2 percent. This speed of convergence can be explained by an open economy neoclassical growth model in the tradition of Robert Solow. 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 speed of convergence of regional output per worker is likely to decline.
JEL: 
O21
Document Type: 
Working Paper
Document Version: 
Digitized Version

Files in This Item:
File
Size
503.76 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.