Convergence Of Economic Growth In The Yangtze River Delta

The Yangtze river delta region is the region with the highest level of economic development in China.With the rapid development of the Yangtze river delta region,the division within the region is gradually emerging,and the growing difference between cities has become a major obstacle to the coordinated development of regional economy.On the analysis of the Yangtze river delta economic growth convergence,to further promote economic growth in Yangtze river delta and the coordinated development to provide policy advice,but also realize the coordinated development to provide reference for other parts of China.On the basis of summarizing the relevant theories and literatures on the convergence of economic growth,this paper discusses the relevant theories and research methods on the convergence of economic growth.This paper analyzes the mechanism of convergence mainly through capital,human capital,opening to the outside world,industrial structure,infrastructure and government policy.According to the analysis of GDP,per capita GDP and fixed asset investment in the older triangle region from 1994 to 2015,it is found that the economic growth level of the Yangtze river delta region is on an upward trend.Differences in Yangtze river delta region growth,absolute and relative disparity mainly through two levels,the absolute difference between the expanding trend over time,since 2004,when the difference before and after the range widening,the variation coefficient and the extremum rate represents the relative difference is stable,the whole,Yangtze river delta economic growth tend to be scattered.In 1994-2015,according to the trend of standard deviation and variation coefficient,it is found that there is no convergent in the Yangtze river triangle.Using panel data as time series from 2002 to 2015,empirical analysis was carried out on 26 cities in the Yangtze river delta as cross-section members,and absolute convergence was found.An empirical study of the Yangtze river delta region by administrative planning(excluding Shanghai)shows that clubs converge in the economic growth of the Yangtze river delta region.In the study of beta convergence conditions,this paper USES the panel data regression method of 26 city from 2002 to 2015 in capital,human capital,industrial structure,foreign trade,foreign direct investment,infrastructure,marketization level influence factors such as regression analysis,the conclusion of capital,human capital,industrial structure,foreign direct investment to the Yangtze river delta region,transportation infrastructure plays a role of promoting economic growth convergence,helps to Yangtze river delta region economy coordinated development.Based on the above theoretical and empirical analysis,aims to promote the Yangtze river delta region economy coordinated development,put forward the following Suggestions: first to strengthen the internal opening to the outside world,the second promote the free flow of labor force,improve the capital quality and level 3,4 to speed up the upgrading of industrial structure,the fifth optimization of local government public service function.