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ID: 105278

Economic environment, technology diffusion, and growth of regio / Jiang, Yanqing

Jiang, Yanqing	Journal Article
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Publication

2011.

Summary/Abstract

This paper examines the effects of the regional economic environment and technology diffusion on China's regional total factor productivity (TFP) growth. We build a model of TFP growth in which Chinese regions achieve growth in TFP by making use of technology spillovers from the world technology frontier. We hypothesize that given the world frontier level of TFP, China's regional TFP growth is positively related to regional openness and negatively related to the current level of regional TFP. Empirical analysis in this paper of 29 province-level regions in China strongly supports our hypothesis. By using a nonlinear least squares regression method, we show that regional openness has a significantly positive effect on regional TFP growth. As a by-product, we also estimate a value of the output elasticity of capital that conforms to its traditionally accepted values. The findings of this paper lend strong support to the claim that the opening up process of China promotes the country's economic growth.

Key Words

Economic Environment ; Convergence ; Technology Diffusion ; Total Factor Productivity ; Openness

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ID: 113685

New study of the Chinese regions in a neoclassical framework of / Jiang, Yanqing

Jiang, Yanqing	Journal Article
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Publication

2012.

Summary/Abstract

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.

Key Words

Economic Growth ; Convergence ; Neoclassical Models

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ID: 106230

Understanding openness and productivity growth in China: an empirical study of the Chinese provinces / Jiang, Yanqing

Jiang, Yanqing	Journal Article
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Publication

2011.

Summary/Abstract

This paper investigates the effects of openness on China's regional productivity growth. We build a model of technology diffusion in which follower economies achieve productivity growth by taking advantage of technology spillovers from the world technology frontier. We hypothesize that China's regional productivity growth is a positive function of regional openness and a negative function of the current level of regional productivity. Empirical analysis in this paper focuses on how openness affects productivity growth in the Chinese provinces. We examine two effects of openness on regional productivity growth in China: the direct growth effect and the convergence effect. By using a variety of panel data regression techniques, we show that the direct growth effect of openness is the main effect while the convergence effect is insignificant. The findings of this paper lend strong support to the claim that the opening-up of China promotes the country's economic growth.

Key Words

China ; Economic Growth ; Chinese Provinces ; Regional Productivity Growth

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