英文文献:Measuring Convergence using Dynamic Equilibrium Models: Evidence from Chinese Provinces-使用动态平衡模型衡量收敛性:来自中国各省的证据
英文文献作者:Lei Pan,Olaf Posch,Michel van der Wel
英文文献摘要:
We propose a model to study economic convergence in the tradition of neoclassical growth theory. We employ a novel stochastic set-up of the Solow (1956) model with shocks to both capital and labor. Our novel approach identifies the speed of convergence directly from estimating the parameters which determine equilibrium dynamics. The inference on the structural parameters is done using a maximum-likelihood approach. We estimate our model using growth and population data for China’s provinces from 1978 to 2010. We report heterogeneity in the speed of convergence both across provinces and time. The Eastern provinces show a higher tendency of convergence, while there is no evidence of convergence for the Central and Western provinces. We find empirical evidence that the speed of convergence decreases over time for most provinces.
根据新古典增长理论的传统,我们提出了一个研究经济收敛的模型。我们在索洛(1956)模型中采用了一种新的随机设置,对资本和劳动力都有冲击。我们的新方法通过估计确定平衡动力学的参数直接识别收敛速度。对结构参数的推断采用最大似然方法。我们使用1978年至2010年中国各省的增长和人口数据来估计我们的模型。我们报告了跨省份和时间的收敛速度的异质性。东部省份表现出较高的趋同趋势,而中部和西部省份则没有趋同的迹象。我们发现,经验证据表明,趋同的速度随着时间的推移,大多数省份。