The Process of Convergence among the Japanese Prefectures: 1955 - 2012.

Delgado Narro, Augusto Ricardo (2020): The Process of Convergence among the Japanese Prefectures: 1955 - 2012.

Abstract

The paper analyzes the convergence process in Japan by time series analysis and the existence of clubs of convergence by finding if they are endogenously conformed. We follow a two-stage approach. The first one consists of the analysis of stochastic convergence. Secondly, prove the existence of clubs of convergence among prefectures. We find two clubs of convergence conformed endogenously. The first club is integrated by 40 prefectures converging slowly toward a unique steady state. Five prefectures integrate the second club of convergence. Finally, Tokyo and Nara are not converging toward any steady-state like disconnected prefectures.

• Item Type: MPRA Paper
• Language: English
• Keywords: β-Convergence, Regional Economics, Growth, Clubs of Convergence
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence; P - Economic Systems > P2 - Socialist Systems and Transitional Economies > P25 - Urban, Rural, and Regional Economics; R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R1 - General Regional Economics > R11 - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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