Economic Reform and Productivity Convergence in China

Economic Reform, Growth and Convergence in China

In this paper, we propose a new concept of convergence which is based on the metric entropy measure recently proposed by Granger et al. (2004) to investigate economic convergence in China. This entropy measure compares whole distributions of growth rates across individual provinces. Separately, based on this same entropy measure, we also implement cluster analysis to identify any convergence cl...

Industrial Productivity Convergence in China

This paper examines the convergence process of industrial productivity between Chinese regions. Both σ and β convergences are investigated using a panel data set of 30 provinces and autonomous regions over the period 1985-1999. Unconditional σ and β convergence methods fail to detect productivity convergence over the whole sample period, although they suggest convergence during a sub-period 198...

Economic System Reform in China

Economic Reform and Productivity Regulatory Policy

Regulation is pervasive in modern societies. However, well targeted and designed regulation can generate significant benefits – delivering economic, social and environmental outcomes that may not have been achieved through a laissez-faire system. However, unnecessary or poorly formulated and implemented regulation can expose business to excessive compliance costs, stifle market competition and ...

Productivity growth in New Zealand: economic reform and the convergence hypothesis

The recent productivity experience of the New Zealand economy is examined using a cyclically-adjusted or trend measure of total factor productivity (TFP). On the basis of this measure, the results of estimating a leader-follower convergence relationship suggest that productivity in New Zealand has been converging to US levels through a process of technological diffusion. The evidence also tenta...