CONVERGENCE CLUBS IN CHINA: A COMPARATIVE ANALYSIS OF EAST ASIA AND EMERGING NATIONS

HOSHINO M.¹*
¹Faculty of Political Science and Economics, Waseda University, 1-6-1 Nishiwaseda Shinjuku-ku, Tokyo 169-8050, Japan.
* Corresponding Author : hoshino@aoni.waseda.jp

Received : 01-12-2013     Accepted : 18-02-2014     Published : 28-03-2014
Volume : 5     Issue : 1       Pages : 227 - 232
Int J Econ Bus Model 5.1 (2014):227-232

Keywords : Convergence, China, comparative analysis, polarization
Conflict of Interest : None declared
Acknowledgements/Funding : This research was supported in part by a Grant-in-Aid for Research Activity Start-up (21830007) from Japan Society for the Promotion of Science

This paper analyzes regional convergence clubs across provinces in China using the polarization index, and compares with their results of East Asia developed countries and Emerging Nations to find peculiar regional convergence to China. β-convergence has some methodological problems, and the empirical results of distribution approach depend on the periods of analysis. We use three polarization indexes which can measure bi-polarization in various years, and these indexes can supplement the distribution approach. China, Russia, and India have been forming two convergence clubs during economic liberalization and the high-growth period. The convergence exists in regional economic growth in Japan, Korea, and Brazil. Economic liberalization and rapid economic growth can affect bi-polarization.

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