IDEAS home Printed from https://ideas.repec.org/a/psl/pslqrr/202042.html
   My bibliography  Save this article

Regional economic growth in China from a Kaldorian perspective: A comparative study of Nanjing and Suzhou

Author

Listed:
  • Alexandre Gomes

    (Jacobs University Bremen)

Abstract

This paper sets out to analyse and compare the growth performances of two Chinese cities, Nanjing and Suzhou. Their growth performances have varied over time, with one city outperforming the other in some periods, and with the reverse scenario taking place in other times. In order to explain this phenomenon, this study makes use of a Kaldorian analytical framework, highlighting key notions such as demand-led growth, path-dependency, lock-in effects and inter-relatedness. It will be argued that regional economic growth is explained by the match Ð or otherwise Ð between a cityÕs productive structure and ChinaÕs national aggregate demand composition.

Suggested Citation

  • Alexandre Gomes, 2020. "Regional economic growth in China from a Kaldorian perspective: A comparative study of Nanjing and Suzhou," PSL Quarterly Review, Economia civile, vol. 73(295), pages 283-312.
  • Handle: RePEc:psl:pslqrr:2020:42
    as

    Download full text from publisher

    File URL: https://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/16755/pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Fabrizio Antenucci & Matteo Deleidi & Walter Paternesi Meloni, 2020. "Kaldor 3.0: An Empirical Investigation of the Verdoorn-augmented Technical Progress Function," Review of Political Economy, Taylor & Francis Journals, vol. 32(1), pages 49-76, July.
    2. Aditya Bhattacharjea, 2010. "Did Kaldor anticipate the New Economic Geography? Yes, but..," Cambridge Journal of Economics, Oxford University Press, vol. 34(6), pages 1057-1074.
    3. John McCombie & Maurizio Pugno & Bruno Soro (ed.), 2002. "Productivity Growth and Economic Performance," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-50423-3.
    4. Gilles Duranton & Diego Puga, 2000. "Diversity and Specialisation in Cities: Why, Where and When Does it Matter?," Urban Studies, Urban Studies Journal Limited, vol. 37(3), pages 533-555, March.
    5. Harris, Richard I D & Lau, Eunice, 1998. "Verdoorn's Law and Increasing Returns to Scale in the UK Regions, 1968-91: Some New Estimates Based on the Cointegration Approach," Oxford Economic Papers, Oxford University Press, vol. 50(2), pages 201-219, April.
    6. Paolo Postiglione & Maria Simona Andreano & Roberto Benedetti, 2017. "Spatial Clusters in EU Productivity Growth," Growth and Change, Wiley Blackwell, vol. 48(1), pages 40-60, March.
    7. Jamie Peck, 2016. "Economic Rationality Meets Celebrity Urbanology: Exploring Edward Glaeser's City," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 40(1), pages 1-30, January.
    8. Mark Setterfield (ed.), 2002. "The Economics of Demand-Led Growth," Books, Edward Elgar Publishing, number 1864.
    9. Alvaro Angeriz & John McCombie & Mark Roberts, 2008. "Returns to Scale for EU Regional Manufacturing," Working Papers 20, Queen Mary, University of London, School of Business and Management, Centre for Globalisation Research.
    10. Mark Setterfield (ed.), 2010. "Handbook of Alternative Theories of Economic Growth," Books, Edward Elgar Publishing, number 12814.
    11. Pasquale Tridico & Riccardo Pariboni, 2018. "Inequality, financialization, and economic decline," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 41(2), pages 236-259, April.
    12. McCombie, J S L & de Ridder, J R, 1984. ""The Verdoorn Law Controversy": Some New Empirical Evidence Using U.S. State Data," Oxford Economic Papers, Oxford University Press, vol. 36(2), pages 268-284, June.
    13. Mark Roberts, 2004. "The Growth Performances of the GB Counties: Some New Empirical Evidence for 1977-1993," Regional Studies, Taylor & Francis Journals, vol. 38(2), pages 149-165.
    14. Allen J. Scott, 2004. "A Perspective of Economic Geography," Journal of Economic Geography, Oxford University Press, vol. 4(5), pages 479-499, November.
    15. Vítor João Pereira Domingues Martinho, 2011. "Spatial Autocorrelation and Verdoorn Law in Portugal," Working Papers 11/2011, University of Verona, Department of Economics.
    16. Alvaro Angeriz & John McCombie & Mark Roberts, 2008. "New Estimates of Returns to Scale and Spatial Spillovers for EU Regional Manufacturing, 1986—2002," International Regional Science Review, , vol. 31(1), pages 62-87, January.
    17. Mark Setterfield, 2003. "Supply and Demand in the Theory of Long-run Growth: Introduction to a symposium on demand-led growth," Review of Political Economy, Taylor & Francis Journals, vol. 15(1), pages 23-32.
    18. Peter Skott, 2019. "Autonomous demand, Harrodian instability and the supply side," Metroeconomica, Wiley Blackwell, vol. 70(2), pages 233-246, May.
    19. Mark Roberts & Mark Setterfield, 2010. "Endogenous Regional Growth: A Critical Survey," Chapters, in: Mark Setterfield (ed.), Handbook of Alternative Theories of Economic Growth, chapter 21, Edward Elgar Publishing.
    20. Fingleton, B & McCombie, J S L, 1998. "Increasing Returns and Economic Growth: Some Evidence for Manufacturing from the European Union Regions," Oxford Economic Papers, Oxford University Press, vol. 50(1), pages 89-105, January.
    21. J. S. L. McCombie & A. P. Thirlwall, 1994. "Economic Growth and the Balance-of-Payments Constraint," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-23121-8.
    22. John S. L. McCombie & Marta R. M. Spreafico & Sixiang Xu, 2018. "Productivity growth of the cities of Jiangsu province, China: a Kaldorian approach," International Review of Applied Economics, Taylor & Francis Journals, vol. 32(4), pages 450-471, July.
    23. A. P. Thirlwall, 2014. "Kaldor's 1970 Regional Growth Model Revisited," Scottish Journal of Political Economy, Scottish Economic Society, vol. 61(4), pages 341-347, September.
    24. Matteo Deleidi & Walter Paternesi Meloni & Luigi Salvati & Francesca Tosi, 2020. "Exploring the Determinants of Productivity Growth in Italian Regions: a Kaldorian Perspective," Working Papers 0051, ASTRIL - Associazione Studi e Ricerche Interdisciplinari sul Lavoro.
    25. Emilio Carnevali & Antoine Godin & Stefano Lucarelli & Marco Veronese Passarella, 2020. "Productivity growth, Smith effects and Ricardo effects in Euro Area's manufacturing industries," Metroeconomica, Wiley Blackwell, vol. 71(1), pages 129-155, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ofria, Ferdinando & Millemaci, Emanuele, 2010. "Kaldor-Verdoorn’s law and increasing returns to scale: a comparison across developed countries," MPRA Paper 30941, University Library of Munich, Germany.
    2. Marwil J. Dávila-Fernández, 2018. "Alternative Approaches to Technological Change when Growth is BoPC," Department of Economics University of Siena 795, Department of Economics, University of Siena.
    3. Mark Setterfield (ed.), 2010. "Handbook of Alternative Theories of Economic Growth," Books, Edward Elgar Publishing, number 12814.
    4. Steven M Fazzari & Piero Ferri & Anna Maria Variato, 2020. "Demand-led growth and accommodating supply," Cambridge Journal of Economics, Oxford University Press, vol. 44(3), pages 583-605.
    5. Borsato, Andrea & Lorentz, André, 2023. "The Kaldor–Verdoorn law at the age of robots and AI," Research Policy, Elsevier, vol. 52(10).
    6. Mark Roberts & Mark Setterfield, 2010. "Endogenous Regional Growth: A Critical Survey," Chapters, in: Mark Setterfield (ed.), Handbook of Alternative Theories of Economic Growth, chapter 21, Edward Elgar Publishing.
    7. Giorgio Fazio & Enza Maltese & Davide Piacentino, 2013. "Estimating Verdoorn law for Italian firms and regions," Letters in Spatial and Resource Sciences, Springer, vol. 6(1), pages 45-54, March.
    8. Ferdinando Ofria, 2009. "L'approccio Kaldor-Verdoorn: una verifica empirica per il Centro-Nord e il Mezzogiorno d'Italia (anni 1951-2006)," Rivista di Politica Economica, SIPI Spa, issue 1, pages 179-207, January-M.
    9. Stefano Lucarelli & Gaetano Perone, 2020. "Quando la produttivitˆ limitata dalla bilancia dei pagamenti. Una riflessione sulle relazioni fra centro e periferia nellÕunione monetaria europea a partire dallÕequazione della produttivitˆ di Sylos ," Moneta e Credito, Economia civile, vol. 73(292), pages 325-353.
    10. João Prates Romero, 2016. "Increasing Returns To Scale, Technological Catch-Up And Research Intensity: An Industry-Level Investigation Combining Eu Klems Productivity Data With Patent Data," Anais do XLIII Encontro Nacional de Economia [Proceedings of the 43rd Brazilian Economics Meeting] 102, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    11. Vassilis Monastiriotis, 2014. "Regional Growth and National Development: Transition in Central and Eastern Europe and the Regional Kuznets Curve in the East and the West," Spatial Economic Analysis, Taylor & Francis Journals, vol. 9(2), pages 142-161, June.
    12. Guilherme Riccioppo Magacho, 2017. "Structural change and economic growth: Advances and limitations of Kaldorian growth models," PSL Quarterly Review, Economia civile, vol. 70(280), pages 35-57.
    13. Marwil J. Dávila-Fernández, 2020. "Alternative approaches to technological change in a small open economy," Journal of Evolutionary Economics, Springer, vol. 30(2), pages 279-317, April.
    14. Yongbok Jeon & Tae Hwan Yoo, 2009. "Regional Growth and Income Inequality in China After 1978: A Spatial Econometric Approach," Korean Economic Review, Korean Economic Association, vol. 25, pages 105-131.
    15. Miguel A. León-Ledesma & Matteo Lanzafame, 2010. "The Endogenous Nature of the ‘Natural’ Rate of Growth," Chapters, in: Mark Setterfield (ed.), Handbook of Alternative Theories of Economic Growth, chapter 10, Edward Elgar Publishing.
    16. Lídia Brochier, 2020. "Conflicting‐claims and labour market concerns in a supermultiplier SFC model," Metroeconomica, Wiley Blackwell, vol. 71(3), pages 566-603, July.
    17. Alvaro Angeriz & John McCombie & Mark Roberts, 2008. "New Estimates of Returns to Scale and Spatial Spillovers for EU Regional Manufacturing, 1986—2002," International Regional Science Review, , vol. 31(1), pages 62-87, January.
    18. Justin Doran & Bernard Fingleton, 2014. "Economic shocks and growth: Spatio-temporal perspectives on Europe's economies in a time of crisis," Papers in Regional Science, Wiley Blackwell, vol. 93, pages 137-165, November.
    19. Matteo Deleidi & Claudia Fontanari & Santiago José Gahn, 2023. "Autonomous demand and technical change: exploring the Kaldor–Verdoorn law on a global level," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 40(1), pages 57-80, April.

    More about this item

    Keywords

    Regional economic growth; Kaldor; Nanjing; Suzhou;
    All these keywords.

    JEL classification:

    • P25 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Urban, Rural, and Regional Economics
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • N95 - Economic History - - Regional and Urban History - - - Asia including Middle East

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:psl:pslqrr:2020:42. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Carlo D'Ippoliti (email available below). General contact details of provider: http://www.economiacivile.it .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.