Chinese provincial economies show convergence, spillover effect accelerates growth nationwide.
The article examines how Chinese provinces' economies have grown over time. It shows that initially, provinces with lower economic growth caught up with those that were more developed, but then started to diverge again before converging once more. The study found that there is a significant influence from neighboring provinces on economic growth, with spillover effects being more important than clustering effects. This means that provinces' economies tend to become more similar to each other over time.