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A panel data approach to the income convergence among Mainland China Hong Kong and Macao
Chun Kwok Lei; Pui Sun Tam
2010-11-05
Source PublicationJournal of the Asia Pacific Economy
ISSN1354-7860
Volume15Issue:4Pages:420-435
Abstract

This paper provides empirical evidence in support of income convergence among Mainland China, Hong Kong and Macao in the postreform era of Mainland China. Adopting the multie conomy income convergence model and employing the panel unit root testing techniques, this paper finds that relative incomes of Mainland China, Hong Kong and Macao have no tendency to deviate from one another in the long run. The occurrence of income convergence among these Chinese economies can be attributed to rapid growth on the Mainland China and Macao sides but relatively sluggish performance of Hong Kong in recent years. Macao can be regarded as playing a catalytic role in this long-run income convergence process. The finding of convergence indicates promising prospects for deepening economic cooperation and integration among the Chinese economies for their long-run sustainable economic growth.

KeywordChina Income Convergence Panel Unit Root
DOIhttps://doi.org/10.1080/13547860.2010.516160
Indexed BySSCI ; SSCI
Language英语
WOS Research AreaBusiness & Economics
WOS SubjectEconomics
WOS IDWOS:000283887000007
PublisherROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD, 4 PARK SQUARE, MILTON PARK, ABINGDON OX14 4RN, OXFORDSHIRE, ENGLAND
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Cited Times [WOS]:2   [WOS Record]     [Related Records in WOS]
Document TypeJournal article
CollectionFaculty of Business Administration
DEPARTMENT OF FINANCE AND BUSINESS ECONOMICS
Corresponding AuthorChun Kwok Lei
AffiliationFaculty of Business Administration, University of Macau, Macao, China
First Author AffilicationFaculty of Business Administration
Corresponding Author AffilicationFaculty of Business Administration
Recommended Citation
GB/T 7714
Chun Kwok Lei,Pui Sun Tam. A panel data approach to the income convergence among Mainland China Hong Kong and Macao[J]. Journal of the Asia Pacific Economy,2010,15(4):420-435.
APA Chun Kwok Lei,&Pui Sun Tam.(2010).A panel data approach to the income convergence among Mainland China Hong Kong and Macao.Journal of the Asia Pacific Economy,15(4),420-435.
MLA Chun Kwok Lei,et al."A panel data approach to the income convergence among Mainland China Hong Kong and Macao".Journal of the Asia Pacific Economy 15.4(2010):420-435.
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