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Many questions regarding local economic phenomena involve issues of spatial and temporal dependence and heterogeneity. One of the main ideas of the socialist market economic system which was set up in 1978 in China is 'those becoming rich earlier bring along other people, all achieving the common richer eventually'. However, after several decades, having performed a series of balanced development strategies and policies, is this purpose true or not? How about the outcome of regional level of planning strategies under the socialist-market system? This paper focus on the intra provincial development, and uses per capita GDP of Guangdong, one of the most developed provinces in China to analyse the economic development of prefecture-level cities from 1978 to 2013 with a new exploratory space-time method. Three conclusions can be drawn as follows: first, the degree of regional economic development is gradually deepening along with rapid economic development in Guangdong province and the per capita GDP difference is gradually widening between the Pearl River Delta region and the non-Pearl River Delta region. The core-periphery relation is clear within the provincial level's development. Second, the trend and position of space-time paths are different across regions. Third, the space-time paths have not intersected across poor and rich regions during the last 33 years. Widening uneven development is concealed by the 'fast growth' economic phenomenon. The macro-economic environment has had some effects on different regions, with the effect on fast growing areas, such as the core region of the Pearl River Delta the most obvious. There is a lag effect on other undeveloped areas. At the same time, under the socialist market economic system, the market is the main motivation behind regional discrepancies, and some policies and strategies aimed at narrowing the gap have had limited success. [ABSTRACT FROM AUTHOR]

Concerns over the effects of globalisation and liberalisation have intensified the debates over the trajectories and underlying sources of regional inequality. This paper attempts to link macro studies of regional inequality to micro studies of local development and to expand the research on intraprovincial inequality in China to Guangdong Province. First, substantial evidence has been provided to illustrate the extent of polarisation between the Pearl River Delta (PRD) and the periphery, especially since the early 1990s. Second, it has been found that new economic spaces centred on exoproduction centres, high-tech zones, university clusters, and entrepreneurial spaces driven by the domestication of globalisation and the growth of the knowledge economy have emerged as new engines of regional growth. The orthodox notion of the PRD development as externally driven has become obsolete, and a new conceptualisation centred on the knowledge economy and integrated development better explains regional development and polarisation in Guangdong. Finally, the theoretical and policy implications of the research are discussed. The emerging form of regional development in the PRD represents an effort to make the knowledge economy the new engine of regional development and indicates that developing countries such as China are attempting to move beyond being a manufacturing assembler. The emergence of the knowledge economy in the PRD also has important implications for the recent efforts to develop the Greater Pearl River Delta, which needs to pay more attention to global networks for innovation and creativity. Moreover, the emergence of the knowledge economy makes the development of the periphery even more challenging due to the effects of self-reinforcing agglomeration and the constraints of geographical barriers. [ABSTRACT FROM AUTHOR]

Presents a growth accounting exercise to uncover the sources of spectacular growth in the Guangdong Province in China, the so called `Fifth Dragon' in Asia. Brief overview of the economic growth performance of Guangdong; Construction of Guangdong's capital stock series; Analysis of the large fraction of output growth in Guangdong.