المستودع الأكاديمي جامعة المدينة

Solow meets market socialism : regional convergence of output per worker in China

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dc.creator Gundlach, Erich
dc.date 1996
dc.date.accessioned 2013-10-16T06:03:24Z
dc.date.available 2013-10-16T06:03:24Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/881
dc.identifier ppn:195352343
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/881
dc.description 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.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kiel Working Papers 726
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject O21
dc.subject ddc:330
dc.subject Regionales Wachstum
dc.subject Entwicklungskonvergenz
dc.subject Arbeitsproduktivität
dc.subject Wachstumstheorie
dc.subject Humankapital
dc.subject China
dc.title Solow meets market socialism : regional convergence of output per worker in China
dc.type doc-type:workingPaper


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