Research of R&D Marginal Productivity Driving Economic Convergence
The convergence mechanisms of regional economics have become one of hot issues.In this paper we propose the concept of R&D marginal productivity to study economic convergence, which is defined as the economic marginal product relative to R&D capital stock.We find: whether from the angle of σ convergence or from dynamic evolution of kernel density distribution, R&D marginal productivity diverges from the year 1999 to 2001, while converges from 2001 to 2009; GDP per labor diverges from 2000 to 2002, and converges from 2002 to 2010.The convergence of GDP per labor lags one period relative to R&D marginal productivity.That confirms that R&D marginal productivity drives the convergence of GDP per labor.We also find there are some other convergence mechanisms to play roles in China.
convergence mechanism R&D marginal productivity σ convergence kernel density distribution
Ren Lingyu Wang Zheng
Institute of Policy and Management Chinese Academy of Sciences City,Country
国际会议
南京
英文
69-72
2013-06-08(万方平台首次上网日期,不代表论文的发表时间)