Table 11 Convergence results.
Variables | Nationwide | Eight geographic regions | |||||||
|---|---|---|---|---|---|---|---|---|---|
Northern Coastal Region | Northeast Region | Eastern Coastal Region | Middle Reaches of the Yellow River | Southern Coastal Region | Northwest Region | Southwest Region | Middle Reaches of the Yangtze River | ||
Panel A: Absolute β-Convergence | |||||||||
β | -0.395*** | -0.295* | -3.240*** | -1.397* | -0.232* | -0.016* | -0.690** | -0.735 ** | -1.135* |
(0.097) | (0.251) | (1.054) | (0.682) | (0.183) | (0.051) | (0.329) | (0.390) | (0.788) | |
Fixed Effects | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
༲2 | 0.363 | 0.102 | 0.564 | 0.450 | 0.790 | 0.804 | 0.714 | 0.473 | 0.529 |
Convergence Rate (%) | 7.179 | 4.994 | 11.521 | 12.489 | 2.981 | 0.227 | 16.731 | 7.872 | 394.839 |
Half-life Convergence Period | 9.655 | 13.880 | 6.016 | 5.550 | 23.256 | 305.671 | 4.143 | 8.806 | 0.176 |
Panel B: Conditional β-Convergence | |||||||||
β | -0.407*** | -0.431* | -4.456*** | -3.917** | -1.107** | -1.992*** | -2.500*** | -1.451** | -2.057** |
(0.063) | (0.042) | (1.183) | (1.548) | (0.505) | (0.064) | (0.659) | (0.640) | (0.811) | |
Contron Variables | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Fixed Effects | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
༲2 | 0.315 | 0.083 | 0.724 | 0.805 | 0.595 | 0.995 | 0.451 | 0.254 | 0.608 |
Convergence Rate (%) | 7.465 | 8.055 | 70.580 | 22.753 | 10.647 | 15.656 | 17.897 | 12.807 | 15.963 |
Half-life Convergence Period | 9.285 | 8.605 | 0.982 | 3.046 | 6.510 | 4.427 | 3.873 | 5.412 | 4.342 |
