Economic Theory and Business Management

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THE PATH AND BREAKTHROUGH OF CROSSING THE MIDDLEINCOME TRAP IN CHINA——Based on Williamson Turning Point and Regional Income Gap

ZHOU Wen1,ZHAO Guo-qing2,XU Bo2   

  1. 1 Fudan University; 2.Yunnan University of Finance and Economics
  • Online:2017-01-18 Published:2017-01-15

中国跨越“中等收入陷阱”的路径突破与政策应对*——基于地区收入差距视角

周文1,赵果庆2,徐波2   

  1. 1  ,复旦大学中国研究院;  2   云南财经大学数量经济研究所
  • 基金资助:
    本文得到国家自然科学基金项目(71563059)资助。

Abstract: The essence of the middleincome trap is that the income level correlate nonlinearly with its growth rates The Williamson turn point determines whether China would fall into the trap Based on the framework of spatial Gini coefficient, this paper applies spatial autocorrelation theory to quantify the contribution of implicit factors This paper also develops the model of middleincome trap based on the Williamson invertedU curve The results show that regional income gap has the relationship of invertedU with GDP per capita, or more precisely, that of Sshaped curve The results from the smooth transition regression model indicate that the current turnpoint is 4 18930 US dollar per capita China has already passed this point since 2005 However China has not entered a “high regime” path This paper suggests that China further implements the strategy of high starting point of regional harmonious development, forms a complete set of sound macroeconomic policies, with deepening the reform of income distribution system.

Key words: middleincome trap , regional Gini coefficient , Williamson invertedU curve , smooth transition regression model

摘要: “中等收入陷阱”在本质上是收入与增长非线性相关系,而威廉姆森拐点决定着中国经济发展是否落入“中等收入陷阱”的关键。本文基于空间自相关理论提出空间基尼系数的一个分解框架,并运用威廉姆森“倒U型”理论构建“中等收入陷阱”理论模型。结果表明:中国地区收入差距与人均GDP之间存在“倒U型”非线性关系,更确切地说是S型关系。以平滑转化回归模型测算,中国存在人均GDP为4 18930美元拐点,并于2005年越过拐点,但进入地区差距收敛的“高体制”路径仍有一定差距。因此,中国在政策应对上要进一步通过实施高起点的区域协调发展战略,健全宏观配套政策,配合深化收入分配体制改革,从而成功地跨越“中等收入陷阱”。

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