Foreign Direct Investment Inequality (FDI) and Convergence of Growth: Evidence from Yangtze River Delta

  • Junwei Liang Nanjing University P. R. China and The Johns Hopkins University
  • Zhongqiang Dai Nanjing University P. R. China
  • Zhonghua Wang Nanjing Medical University P. R. China

Abstract

The Yangtze River Delta (YRD) Economic Circle has experienced a long period of development. From the original Shanghai Economic Zone in 1983, altogether 10 cities encompassing Suzhou, Wuxi, Changzhou, Nantong and Hangzhou, Jiaxing, Huzhou, Ningbo and Shaoxing surrounding the Shanghai Core, to the final stage in 2003 when the latest leaguer, Taizhou of Zhejiang Province joined the family, the YRD has been experiencing a long time of expansion. Focusing on the aggregation, see Table 1, the YRD attracted almost half the FDI in the nationwide scale, over 1/3 export and import, around 6 percent of the fixed investment and produced nearly 1/5 of the GDP. We should say this was, and is a miracle in the river of regional economic growth.

Author Biographies

Junwei Liang, Nanjing University P. R. China and The Johns Hopkins University
Junwei Liang is a doctoral candidate in Nanjing University majoring in International Economics and Visiting Research Associate in SAIS Johns Hopkins University from September 1st 2007 through September 1st 2008 under the supervision of Prof. Gordon M. Bodnar. He would like to thank Gordon Bodnar, James Riedel for their constructive suggestions, Pravin Krishna, Anne Krueger, Luis Marques for their helpful methodologies instructions. He also would like to acknowledge the comments from Erzhen Zhang in Nanjing University.
Zhongqiang Dai, Nanjing University P. R. China
Zhongqiang Dai is a doctoral candidate in Nanjing University
Zhonghua Wang, Nanjing Medical University P. R. China
Zhonghua Wang, a faculty in Nanjing Medical University
Issue
Vol. 3 No. 3 (2008)
Section
Articles

The journal is published under the terms of the Creative Commons Attribution (CC BY) License which permits use, distribution and reproduction in any medium, provided the original work is properly cited.

Copyright on any research article in a journal published by a Journal is retained by the author(s). Authors grant Washington Institute of China Studies a license to publish the article and identify itself as the original publisher.

The Creative Commons Attribution License (CC BY) allows users to copy, distribute and transmit an article, adapt the article and make commercial use of the article. The CC BY license permits commercial and non-commercial re-use of an open access article, as long as the author is properly attributed.