Open Door Policy and China's Rapid Growth: Evidence from City-level Data
AbstractThere 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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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 4602.
Date of creation: Dec 1993
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Publication status: published as Growth Theories in Light of the East Asian Experience, Takatoshi Ito and Anne O. Krueger, eds., (Chicago: University of Chicago Press: 1995), pp 73-98.
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Other versions of this item:
- Shang-Jin Wei, 1993. "Open door policy and China's rapid growth: evidence from city-level data," Pacific Basin Working Paper Series 93-09, Federal Reserve Bank of San Francisco.
- F00 - International Economics - - General - - - General
- P21 - Economic Systems - - Socialist Systems and Transition Economies - - - Planning, Coordination, and Reform
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