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Economic Convergence in Greater China

Chun Kwok Lei | Shujie Yao
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A01=Chun Kwok Lei
A01=Shujie Yao
andmacau
Author_Chun Kwok Lei
Author_Shujie Yao
capita
capital flow dynamics
Category=KCM
China's Total
China's Total FDI
China’s Total
China’s Total FDI
Chinese Provinces
Cointegration Relationship
Cointegration Test
Conditional Income Convergence
cross-border economic convergence study
domestic
Domestic Exports
Early Reform Period
economic reform impact
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Error Correction Term
Export Led Growth Hypothesis
exports
FDI Ratio
gap
gdp
Gdp Ratio
hongkong
income
Income Convergence
income disparity analysis
Mainland China
NT Dollar
Outward FDI
policy implications economics
post-reform
Post-reform Period
Pre-and Post-reform Periods
Pre-reform Period
productivity convergence
real
regional economic integration
Stochastic Convergence
Taiwan's FDI
Taiwan’s FDI
TFP Growth
Trade Complementarity Index
Trade Intensity Index
World's Total FDI
World’s Total FDI

Product details

  • ISBN 9780415435819
  • Weight: 660g
  • Dimensions: 156 x 234mm
  • Publication Date: 08 Dec 2008
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Hardback
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Description

Although China's economy has grown very rapidly in recent decades, there are still very large differences between the economy of mainland China and the economies of Hong Kong, Macau and Taiwan. For example, per capita income in Hong Kong is many, many times higher than per capita income in mainland China. This book considers the degree to which economic convergence between mainland China, Hong Kong, Macau and Taiwan has occurred, and the prospects for increased convergence in the future. It considers economic integration between China and its two Special Administrative Regions (SARS), emphasising the large volume of capital flows and exports, especially from Hong Kong into China, and showing that the economies are highly integrated, despites their differences. It examines income convergence, and changes in productivity, using the same measures for both China and the two SARS, unlike most existing studies. It explores how economic reforms have been crucial to increasing convergence so far, and will continue to be in the future, and concludes by discussing the implications for policy of encouraging increased convergence.
About Chun Kwok Lei | Shujie Yao
Chun Kwok (Henry) Lei is Assistant Professor of Economics in the Department of Finance and Business Economics, University of Macau, China. His research interests focus on the greater Chinese economy, economic growth and development and economic integration. Shujie Yao is Professor of Economics and Chinese Sustainable Development at the University of Nottingham, UK. He is Special Chair Professor of Economics, Xi’an Jiaotong University, China. He is Executive Director of the Chinese Economic Association (UK) and an International Consultant Economist (UNDP, FAO, World Bank, EU, UNCDF). He was ranked number 8 amongst world scholars specialised in the Chinese economy by the Journal of Asian-Pacific Economic Literature.

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