There is clear evidence that during 1980-90 more exports are positively associated with higher growth rates across Chinese cities. In comparison, in the late 1980s, the contribution to growth comes mainly from foreign investment. The contribution of foreign investment comes in the form of technological and managerial spillover across firms as opposed to an infusion of new capital. Finally, there is nothing magical about the high growth rates of Chinese coastal areas other than their effective utilization of foreign investment and exports.
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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number
4602.
Length: Date of creation: Dec 1993 Date of revision: Publication status: published relationship to a non-chapter. This should not happen. Please contact NBER. Handle: RePEc:nbr:nberwo:4602
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Find related papers by JEL classification: F00 - International Economics - - General - - - General P21 - Economic Systems - - Socialist Systems and Transition Economies - - - Planning, Coordination, and Reform
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