A new study of the Chinese regions in a neoclassical framework of models of growth
This study tests economic growth and convergence across the Chinese provinces during the period 1981--2005 based on augmented neoclassical growth models where land is included as a production input. A positive steady-state growth of per capita output cannot be sustained if the population growth rate or the output elasticity of land is sufficiently high. The study implements a panel data approach and shows that land may have an output elasticity as high as 1/3, suggesting that the natural environment indeed poses an important constraint on China's economic growth. In this study of the Chinese provinces, the panel data approach has implied much higher rates of conditional convergence in per capita output, compared with cross-section estimations.
Volume (Year): 10 (2012)
Issue (Month): 3 (November)
|Contact details of provider:|| Web page: http://www.tandfonline.com/RCEA20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/RCEA20|
When requesting a correction, please mention this item's handle: RePEc:taf:jocebs:v:10:y:2012:i:3:p:209-228. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If references are entirely missing, you can add them using this form.