PUBLICATIONS (with Abstract)
The Matching of Skills to Tasks、Labor Migration and Chinese Regional Income Disparity, Guohua Peng, (Economic Research Journal (in Chinese), 2015.1, pp 99-110.) Abstract: Based on the assortative matching model, this paper explores the microfoundation of Chinese regional income disparity. The complementarities between skills and complexities lead to the positive assortative matching between heterogeneous workers and heterogeneous tasks. The differences of the sets of complexities of tasks between two regions are the fundamental of the regional income disparity after the open policy. Moreover, the immigration of skilled labor induced by higher wage from west to east enlarges the regional income disparity. This paper can also offer a unifying perspective on important phenomena such as the flow of peasant workforce and the so called China's World Factory, the migrant labor scarcity and industrial transfer across regions, cross-regional immigration of skilled labor from west to east, and the regional protectionism. Keywords: Regional Disparity; Assortative Matching; Labor Migration; Wage Inequality JEL Classification: D20, F16, O12
The Empirical Study on Dual Margin and Core Products of Chinese Multi-product Exporters, Guohua Peng, Fan Xia (the Journal of World Economy (in Chinese), 2013.2, pp 42-63.) Abstract: This paper examines Chinese multi-product exporters from two complementary aspects: one is from inside firm to outside, considering the relationship between the margins of trade and firm productivity; we find that there is a positive relationship between extensive and intensive margins of trade and firm productivity, which is very like the export mode of firms from developed economies. The other is from outside firm to inside, we find that bigger export destination size and tougher foreign competition in an export market induces a firm to skew its export sales towards its best performing products. By this product-level analysis, we could find that Chinese multi-product exporters, unlike the firms from developed economies, have no global core products. Keywords: Chinese Multi-Product Exporters, Heterogeneous Firms, Productivity, International trade JEL Classification: F12, F14, L11
A Review of Endogenous Growth Theory, Guohua Peng (Forward Position in Economics (in Chinese), 2009.2-3, pp94-99.) Abstract: This paper reviews the progress of endogenous growth theory which experiences three stages: The first is by introducing increasing returns and externalities assumptions endogenous growth theory begins its launch; the second is the change of framework from complete competition to monopolistic competition, thus technological change is the aim of intentional actions; the third is the development results from “Jones’ critique”. Keywords: Endogenous Growth Theory, Technological Change, Review JEL Classification: O30, O32, O40
Regional Income Convergence Clubs in Chinese Provinces, Guohua Peng (the Journal of Quantitative & Technical Economics (in Chinese), 2008.12, pp 49-57.) Abstract: Using a time series method, this paper investigates the issue of income convergence clubs in Chinese provinces from a novel view. The empirical results show that there exists an absolute convergence club towards Shanghai, and the other is towards national average level. This implies that the potential income levels are much larger than those of realized in about half of Chinese provinces. This study also investigates the possible explanations of industrial structure and international trade for the convergence. Key words: Convergence Clubs, Regional Disparity, Time Series JEL Classification: C32, O18, O40
A Comparison between Two Growth Accounting Methods——What Determines the Regional Disparity in China, Guohua Peng (South China Journal of Economics (in Chinese), 2008.7, pp14-22) Abstract: This paper shows that the decomposition in terms of the capital-output ratio needs not the assumption of steady state. And capital-output ratio is superior to the capital-labor ratio. First, there is no bias using capital-output ratio in the growth accounting. Second, the intuition of capital-output ratio is just implied by the new-classical growth model. In addition, the advantage of capital-output ratio is not confined to the labor-augmenting technology but can be also effective when technological progress is Hicks neutral or capital-augmenting. The empirical results show that the regional disparity in China is determined by the total factor productivity definitely. Keywords: Growth Accounting; Total Factor Productivity (TFP); Decomposition Method JEL Classification: O33, O47, R11
The Empirical Research on Productivity in Chinese Provinces Using Bilateral Gravity Model of Trade, Guohua Peng (Economic Research Journal (in Chinese), 2007.8, pp123-132.) Abstract: Using gravity model of bilateral trade, this paper constructs instruments variables to deal with the endogenous of international trade. The empirical results show that international trade has a significant positive effect on labor productivity in Chinese provinces. The channels are total factor productivity and human capital other than physical capital through which international trade affect labor productivity. Moreover, the effects of international trade on composition of human capital are different. Keywords: International trade; Gravity Model; Productivity, Human Capital JEL Classification: F43, J24, O47
Total Factor Productivity and Composition of Human Capital in Chinese Provinces, Guohua Peng (China Industrial Economy, 2007.2. pp 52-59.) Abstract: We analyze the relationship between total factor productivity (TFP) and the composition of human capital. Using dynamic panel data first-differenced GMM method for a sample of 28 provinces in China during 1982-2004, we find that the tertiary educated human capital can enhance the growth of TFP. The second education level is negatively correlated with the TFP. Our result can explain why there is a debate in the previous empirical research on the relationship between human capital and output growth across countries. Keywords: Total Factor Productivity; Composition of Human Capital; Technology Diffusion JEL Classification: J24, O30, O47
The Research on Long-Run Income Convergence in the Chinese Provinces—An Alternative Test Method, Guohua Peng (Management World (in Chinese), 2006.9, pp 53-58.) Abstract: This paper investigates long-run income convergence in the Chinese provinces during the period of 1952-2004 based on Principle Component Analysis. The research shows that there is only weak long-run convergence in the national wide range. Comparing two sub-periods of 1952-1977 and 1978-2004, this study finds that income convergences are becoming weaker in the national, middle and west regions after 1978. Strong income convergence is confirmed in east region but disappear for middle region in 1978-2004. Keywords: Income Disparity; Convergence; Principle Component Analysis; Unit Root Test JEL Classification: C10, O18, O40
The Disparity of Income, TFP and the Convergence Hypothesis in Chinese Provinces, Guohua Peng (Economic Research Journal (in Chinese), 2005.9, pp19-29.) Abstract: We study the convergence of total factor productivity (TFP) in Chinese provinces during 1982-2002 and comparing it with the mode of income (GDP per labor) convergence. On the accounting basis our analysis shows that the differences in TFP can explain the bulk of income disparity. OLS, Panel Data fixed-effect and Dynamic Panel Data first-differenced GMM estimated methods support both conditional convergence of TFP and income while the speed of TFP is much faster than that of income. Only the east region has club-convergence. Further more, the Chinese provincial convergence modes of TFP and income are very similar to those of cross-country. Keywords: Total Factor Productivity (TFP); Income Disparity; Convergence JEL Classification: O18, O47, C33
The Sources of Chinese Regional Growth and Divergence, Guohua Peng (the Journal of World Economy (in Chinese), 2005.9, pp 42-50.) Abstract: This paper examines Chinese regional divergence from the perspective of sector from 1990 to 2002. We find that the divergence in aggregate labor productivity doesn’t mean divergence for all sectors. There is large heterogeneity in productivity levels and movements across sectors and across provinces. Decomposing aggregate divergence into within and between sector components reveals that industry and other tertiary industry contributed 87% of total divergence. We find β- and σ- convergence for industry in the sub-period of 1997-2002, although it is insignificant divergence in whole sample period. This is an interesting finding needed to be tested using future data. Keywords: Economic Growth; Regional Disparity; Sector Composition JEL Classification: O18, O47, C33