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Export‑led or household consumption‑led growth in China: An empirical analysis

Author

Listed:
  • Naveed A. Shaikh

    (SZABIST (Shaheed Zulfikar Ali Bhutto Institute of Science & Technology), Pakistan)

  • Imtiaz Ahmed Pirzada

    (University of Sindh, Department of Economics, Jamshoro, Pakistan)

  • Erum Khushnood Zahid Shaikh

    (University of Sindh, Department of Economics, Jamshoro, Pakistan)

Abstract

GDP growth dependence on various factors of the country during 1980–2013 (34 years) has been estimated. Ordinary Least Squares technique of regression is applied here. The results indicate that devaluation in the Yuan, considering real effective and nominal exchange rates, has an impact. Further, the systematic effect of capital formation on GDP growth is greater than that of international trade and domestic household consumption expenditure. This signifies the importance of the domestic economy in contrast to the general belief of external sector dependence of Chinese growth.

Suggested Citation

  • Naveed A. Shaikh & Imtiaz Ahmed Pirzada & Erum Khushnood Zahid Shaikh, 2018. "Export‑led or household consumption‑led growth in China: An empirical analysis," Journal of Economics and Political Economy, EconSciences Journals, vol. 5(3), pages 356-362, September.
    • Handle: RePEc:cvv:journ1:v:5:y:2018:i:3:p:356-362
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    References listed on IDEAS

    as
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    More about this item

    Keywords

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    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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