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Openness, Technology Spillovers, and Resource Misallocations: Evidence from China

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  • Hui Zhu
  • Dongwei Lou
  • Shunfeng Song

Abstract

With an open economy and technology spillovers framework, this article develops a theoretical model that predicts resource misallocations and decomposes misallocations caused by markets forces and government interventions. Using panel data on 35 Chinese industrial sectors from 1993 to 2011, we conclude that trading with technology-leading countries worsens resource misallocations between industries and sectors, China’s inter-industrial factor allocations go against Kuznets’ theory that predicts production factors shift from less-efficient to more-efficient sectors, and the relative resource misallocation indices of the state-owned sector are higher than those of private sectors.

Suggested Citation

  • Hui Zhu & Dongwei Lou & Shunfeng Song, 2019. "Openness, Technology Spillovers, and Resource Misallocations: Evidence from China," Chinese Economy, Taylor & Francis Journals, vol. 52(6), pages 427-448, November.
    • Handle: RePEc:mes:chinec:v:52:y:2019:i:6:p:427-448
    DOI: 10.1080/10971475.2019.1617948
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    Cited by:

    1. Haider Mahmood & Maham Furqan & Muhammad Shahid Hassan & Soumen Rej, 2023. "The Environmental Kuznets Curve (EKC) Hypothesis in China: A Review," Sustainability, MDPI, vol. 15(7), pages 1-32, April.

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