A Matter of Time: Revisiting Growth Convergence in China

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title = "A Matter of Time: Revisiting Growth Convergence in China",
abstract = "China{\textquoteright}s unbalanced growth strategy has seemingly fostered growing inter-regional growth disparities and there is little evidence of wealth trickling down from richer provinces to poorer provinces. Standard convergence tests, however, may be ill specified to detect underlying long-term growth trends in small samples due to the pronounced and frequent inter-regional short-term fluctuations. Our paper suggests a novel approach to distinguish between these long-term growth trends and short-term fluctuations. Based on provincial data from 1978 to 2009, our results indicate that China{\textquoteright}s provinces only diverge over the shortterm. Over the long term, provinces cluster into two converging growth clubs.",
keywords = "China, growth, developing countries, regional convergence",
author = "Andersson, {Fredrik N G} and David Edgerton and Sonja Opper",
year = "2013",
doi = "10.1016/j.worlddev.2012.12.013",
language = "English",
volume = "45",
pages = "239--251",
journal = "World Development",
issn = "1873-5991",
publisher = "Elsevier",
number = "May",