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Title: MIDDLE INCOME TRAP, CONVERGENCE ANALYSIS AND LONGTERM ECONOMIC GROWTH OF CHINA
Authors: Liqiao Yang
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Liqiao Yang Faculty of Economics and Business Administration, University of Szeged , Hungary
MLA 8 Yang, Liqiao. "MIDDLE INCOME TRAP, CONVERGENCE ANALYSIS AND LONGTERM ECONOMIC GROWTH OF CHINA." Int. j. of Social Science and Economic Research, vol. 9, no. 4, Apr. 2024, pp. 963-974, doi.org/10.46609/IJSSER.2024.v09i04.004. Accessed Apr. 2024. APA 6 Yang, L. (2024, April). MIDDLE INCOME TRAP, CONVERGENCE ANALYSIS AND LONGTERM ECONOMIC GROWTH OF CHINA. Int. j. of Social Science and Economic Research, 9(4), 963-974. Retrieved from https://doi.org/10.46609/IJSSER.2024.v09i04.004 Chicago Yang, Liqiao. "MIDDLE INCOME TRAP, CONVERGENCE ANALYSIS AND LONGTERM ECONOMIC GROWTH OF CHINA." Int. j. of Social Science and Economic Research 9, no. 4 (April 2024), 963-974. Accessed April, 2024. https://doi.org/10.46609/IJSSER.2024.v09i04.004.
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ABSTRACT: The rapid growth and development of China's economy have drawn increasing attention from academics and business circles since it became the world's second-largest economy in 2010. However, even though the country is an economic power in the world, the GDP per capita is still low comparing with other large economies. The paper aims to focus on the economic growth of China, together with other nations that are also large economies and some are its neighbouring countries to conduct a convergence analysis on the long-term economic growth of these five countries. The conclusions not only help to enrich the theoretical model of growth, but also can reveal the factors of long-term economic growth of several major economic powers in the world, so as to provide empirical reference for the economic growth of other countries. Concisely, the selected countries of the planned paper are the United States, China, Japan, India, and South Korea, with a span of time from 1956 to 2019.

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