Abstract
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.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
