Spatial Spillovers and the Convergence of Regional Economic Growth: A Case Study Based on the Yangtze River Delta

Spatial club convergence means that the economic growth of a group of regions that have similar initial conditions and structural characteristics and are spatially adjacent will gradually converge on the same steady state. As a new field in research on the club convergence of regional economic growth, spatial club convergence works on a mechanism whereby spatial spillovers drive the localized growth of the regional economy, leading to spatial club convergence. Using a theoretical model of regional economic growth that includes spatial spillovers, this study shows that these spillovers can lead to spatial club convergence. Our empirical analysis of regional economic growth in the Yangtze River Delta in 1990-2007 also shows that spatial spillovers can affect regional economic growth, and that spatial club convergence does exist. When the spatial spillover factor is taken into account, the speed of spatial club convergence in the Yangtze River Delta is 1.57 percent.

Analysis on Regional Income Gap and Spatial Convergence in China’s Rural Collective Economy

This paper empirically demonstrates a significant correlation between rural collective economic development,farmers’income and urban-rural relative income gap.With 2009-2018 descriptive statistics on growth characteristics and regional development of rural collective economy in China,the regional disparity,source structure and development profile of collective economic income are measured,and an analysis on the spatial convergence of rural collective economy is conducted from multiple dimensions.It finds that:Firstly,while China witnesses rural collective economic income rapidly grows,regional disparities have been failing to be moderated.Secondly,rural collective economic income gap in China has not significantly narrowed over a decade.It is mainly due to the inter-group differences in geographical locations.The income gap is further widening in the eastern region and shrinking in the central and western regions.Thirdly,capital accumulation prominently contributes to the convergence of collective economy in the eastern region,while technical indicators such as information computerization play signifi cant role to the convergence of other regions.From rate and period of convergence,it takes about 22-30 years for backward provinces to catch up with leading provinces.After variables,such as capital accumulation and information computerization,are controlled,the period of convergence shortens to 20-24 years.Fourthly,rural collective economic income in China has already showed a spatial club convergence of low-level equilibrium trap.