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Crescimento Econômico De Longo Prazo Na China: Uma Investigação Econométrica

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  • Flávio Vilela Vieira
  • Michele Polline Veríssimo

Abstract

The main goal os this paper is to understand on theoretical and empirical grounds the main determinants of China´s long-run economic growth. The historical data analysis suggests a crucial role played by FDI and the exchange rate. The econometric analysis provides empirical support for the primary role played by the exchange rate in explaining China´s economic growth (1970 to 2003) followed by FDI, investment rate and trade opennesss. Exchange rate policy and regime seems to be a direct road to explain (past and future) economic growth in China and the conditions for increasing exchange rate flexibility, an almost sure path for the near future.

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File URL: http://www.anpec.org.br/encontro2005/artigos/A05A067.pdf
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Bibliographic Info

Paper provided by ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics] in its series Anais do XXXIII Encontro Nacional de Economia [Proceedings of the 33th Brazilian Economics Meeting] with number 067.

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Date of creation: 2005
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Handle: RePEc:anp:en2005:067

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  1. Edward M. Graham & Erika Wada, 2001. "Foreign Direct Investment in China: Effects on Growth and Economic Performance," Working Paper Series WP01-3, Peterson Institute for International Economics.
  2. Paul Hallwood & Ronald MacDonald, 2008. "International Money and Finance," Working papers 2008-02, University of Connecticut, Department of Economics.
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