The Evolution Trend of China's Coordinated Regional Development: A Spatial Convergence Analysis
- CHEN Fenglong, WANG Meichang & XU Kangning
- Southeast University, 211189.
The coordinated regional development strategy is one of the major strategic plans for implementing the thought of development in the new era and building the modern economic system. This paper explores the spatial convergence of urban economic growth in China by the calibrated DMSP/OLS satellite data. The results show that, taking into account the spatial interaction, there is absolute convergence and conditional convergence in China's urban economic growth. The learning effect, sharing effect and competing effect based on spatial spillover are the internal mechanisms to achieve economic convergence in different cities. The results from different spatial weights support our finding. Further estimation shows that the convergence in city clusters is not a common phenomenon of club convergence in China during the past 20 years. Club convergence only occurs in relatively rich city clusters. However, we find that the performance of most city clusters has been reversed and there is an economic convergence trend after the opening of high-speed rail lines. This study reveals the economic gap of Chinese cities from a more objective perspective which has important implications for the current development strategy of China's urban clusters and the impact of HSR on Chinese economy.
JEL：O11, O18, R11
- Coordinated Regional Development, Spatial Convergence, DMSP/OLS Satellite Data