scholarly journals Identifying Economic Growth Convergence Clubs and Their Influencing Factors in China

2018 ◽  
Vol 10 (8) ◽  
pp. 2588 ◽  
Author(s):  
Feng Li ◽  
Guangdong Li ◽  
Weishan Qin ◽  
Jing Qin ◽  
Haitao Ma
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Probit Model ◽  
Club Convergence ◽  
Growth Convergence ◽  
Convergence Clubs ◽  
Fixed Assets ◽  
Convergence Club ◽  
New Type ◽  
Urbanization In China

Balanced and coordinated economic development across regions is a critical goal of regional economic development and new-type urbanization in China. However, few studies have examined economic growth convergence clubs at the county level. To extend the research on convergence clubs, this research applies a log t convergence test and a dynamic spatial ordered probit model (DSOP) to endogenously identify economic growth convergence clubs in counties and to examine the influence of initial states and structures on club convergence probability. The study sample covers 2286 counties of China from 1992 to 2010. The results show significant convergence club patterns at the county levels, resulting in the gradual formation of six convergence clubs. The DSOP estimation results show that per capita fixed assets, population density, and industrialization have promoted convergence club formation to varying degrees.

scholarly journals Identifying Economic Growth Convergence Clubs and Their Influencing Factors in China

2018 ◽  
Author(s):  
Feng Li ◽  
Guangdong Li ◽  
Weishan Qin ◽  
Jing Qin ◽  
Haitao Ma
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Probit Model ◽  
Club Convergence ◽  
Growth Convergence ◽  
Convergence Clubs ◽  
Fixed Assets ◽  
Convergence Club ◽  
New Type ◽  
Urbanization In China

Balanced and coordinated economic development across regions is a critical goal of regional economic development and new-type urbanization in China. However, few studies have examined economic growth convergence clubs at the county level. To extend the research on convergence clubs, this research applies a log t convergence test and a dynamic spatial ordered Probit model (DSOP) to endogenously identify economic growth convergence clubs in counties and to examine the influence of initial states and structures on club convergence probability. The study sample covers 2286 counties of China from 1992 to 2010. The results show significant convergence club patterns at the county levels, resulting in the gradual formation of six convergence clubs. The DSOP estimation results show that per capita fixed assets, population density and industrialization have promoted convergence club formation to varying degrees.

scholarly journals Study on the Development of Human Resources Services in Xinxiang

2020 ◽  
Vol 4 (10) ◽  
Author(s):  
Yunmeng Sheng ◽  
Fuying Duan ◽  
Jinsuo He ◽  
Shuaiying Xie ◽  
Jinge Li ◽  
...  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Human Resources ◽  
Human Resource ◽  
Service Industry ◽  
Industry Chain ◽  
Industry Agglomeration ◽  
New Type ◽  
Ecological Industry ◽  
Resource Service

With the continuous economic growth, human resource service industry also plays an important role in the economic development. In order to explore the development of human resource service industry in Xinxiang, based on a survey of more than 50 enterprises and organizations in Xinxiang, Xinxiang's human resources service industry has a bright future, however, there are still some problems in the aspects of enterprise scale, personnel skills and agglomeration management. Therefore, different countermeasures are put forward for different roles to solve the development obstacles and promote the development of industry agglomeration, building a new type of human resources to serve the ecological industry chain.

scholarly journals Economic Liberalization And Its Link To Convergence: Empirical Evidence From RCEP and TPPA Countries

2021 ◽  
Vol 18 (3) ◽  
pp. 439-460
Author(s):  
Sonia Kumari Selvarajan ◽  
Rossazana Ab-Rahim
Keyword(s):  
Economic Growth ◽  
Empirical Evidence ◽  
Financial Liberalization ◽  
Lao Pdr ◽  
Economic Liberalization ◽  
Annual Data ◽  
Pooled Mean Group ◽  
Convergence Clubs ◽  
Convergence Club ◽  
Asean Countries

Economic liberalization has been the emphasisof adjustment policies in developing countries; ASEAN countries jumped on the bandwagon and espousedeconomic reforms by liberalizingits international trade andfinancial policies. Through the development of free tradeagreement policies such as AEC and RCEP,regional economic integration is accelerating in South East Asia; not leaving behind the less developed member countries such as Cambodia, Lao PDR, Myanmar and Vietnam (CLMV). Hence, the objectives ofthis paper are to examine the dynamic impact of economic liberalization (financial and trade liberalization) on ASEAN’seconomic growth and to assess the possibility of the existence of convergence club between ASEAN and its RCEPcounterparts. Using the annual data covering the period of 1994to 2014, the analysis is based on the Pooled Mean Group (PMG) estimations for liberalization analysis while the Phillips and Sul (2007) methodology is used to assess the economic convergence clubs. The empirical evidence suggests that both trade and financial liberalization play a significant role in ASEAN’seconomic growth. For convergencein RCEP,full sample find an absence of homogenous convergence;as a result, four club convergencesare formed.The result highlights the importance of trade and financial liberalization in enhancing economic growth of ASEANandimpliesthat strong commitments in continuation of liberalization and integration policies arerecommended to promote a sustained economic growth.

Peculiarities of Modern Dynamics of the Global Economy

2010 ◽  
pp. 78-92 ◽  
Author(s):  
V. Klinov
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Business Cycles ◽  
Global Economy ◽  
Long Waves ◽  
Rapid Expansion ◽  
Business Taxation ◽  
Modern World ◽  
China And India ◽  
World Economic

Rates and factors of modern world economic growth and the consequences of rapid expansion of the economies of China and India are analyzed in the article. Modification of business cycles and long waves of economic development are evaluated. The need of reforming business taxation is demonstrated.

Contemporary Principles of Heterodox Political Economy

2009 ◽  
pp. 38-57 ◽  
Author(s):  
Ph. O’Hara
Keyword(s):  
Economic Growth ◽  
Political Economy ◽  
Economic Development ◽  
Ethnic Discrimination ◽  
Mainstream Economics ◽  
Theoretical Perspectives ◽  
Analytical Review ◽  
New Ideas ◽  
Historical Specificity ◽  
Scientific Results

In this analytical review the author describes the main trends in the modern heterodox political economy as an alternative to mainstream economics. Historical specificity as well as the contradictory and uneven character of economic development are examined in detail. The author also discusses problems of class, gender and ethnic discrimination and their influence on economic growth. It is shown that there are tendencies to convergence of different theoretical perspectives and schools, common themes, topics of research and conceptual apparatus are being formed. The forces of integration and differentiation help establish new ideas and receive interesting scientific results in such fields as development economics, macroeconomics and international economics.

The Quality of Kazakhstan’s Economic Policy and Balance of Payments

2008 ◽  
pp. 120-132
Author(s):  
K. Arystanbekov
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Balance Of Payments ◽  
Foreign Investors ◽  
Negative Balance ◽  
Macroeconomic Efficiency

Kazakhstan’s economic policy in 1996-2007, its character and the degree of responsibility, the correlation between economic development and balance of current accounts are considered in the article. Special attention is paid to the analysis of their macroeconomic efficiency. It is concluded that in conditions of high rates of economic growth in Kazahkstan in 2000-2007 the net profits of foreign investors are 10-11% of GDP every year. The tendency of negative balance of current accounts in favor of foreign investors is also analyzed.

Non-standard functions and structures of ministries of finance under economic challenges: A case study of Western governments

2020 ◽  
Vol 26 (11) ◽  
pp. 2448-2471
Author(s):  
S.V. Anureev
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Comparative Analysis ◽  
Great Britain ◽  
Central Banks ◽  
Economic Recovery ◽  
Budget Process

Subject. This article examines the functions and management structures of central financial bodies and related parliamentary and governmental structures in Australia, Canada, Great Britain, Japan, Germany, France and Italy. Objectives. The article aims to identify non-standard functions and structures that go beyond the classical responsibility of finance ministries as a central part of the budget process arising from current economic challenges. Methods. For the study, I used a comparative analysis. Results. The article describes the important new functions of financial authorities and treasuries of Western governments aimed at economic growth and economic recovery. Conclusions. The organizational and management structures and functions of the ministries of finance go far beyond the budget process, overlap with and dominate the functions of central banks and ministries of economic development.

INFLUENCE OF INVESTMENTS ON THE ECONOMIC GROWTH OF THE COUNTRY

2020 ◽  
Vol 7 (3) ◽  
pp. 28-33
Author(s):  
Ravshan Mamatov ◽  
Keyword(s):  
Economic Growth ◽  
Annual Growth ◽  
Production Factors ◽  
Fixed Assets ◽  
Production Growth ◽  
Total Investment ◽  
The Republic ◽  
Investment In Fixed Assets

The economic growth of the Republic of Uzbekistan will depend on production factors that contribute to the annual growth of the country's GDP. At the same time, extensive production growth will lead to the implementation of unpromising investments. A growing share of innovation-oriented investments in the total investment in fixed assets in the country will lead to intensive economic growth in the country

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