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The Impact of Industry and Foreign Trade on Economic Growth in China. An Inter-Sectoral Econometric Model, 1976-2002

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  • Guisan, Maria-Carmen
  • Exposito, Pilar

Abstract

We analyse economic growth in China having into account the evolution of productive sectors, with special reference to the impact of industry and agriculture on the growth of services, through an inter-sectoral relationship which has also into account the important role of foreign trade. The main conclusions point to the important positive impact imports have on economic growth due to the existence of complementary relationships with internal production. We also analyse the bilateral relationships between industrial development and foreign trade, presenting some international comparisons of the evolution of the Chinese economy with OECD countries, Asian countries and other areas.

Suggested Citation

  • Guisan, Maria-Carmen & Exposito, Pilar, 2004. "The Impact of Industry and Foreign Trade on Economic Growth in China. An Inter-Sectoral Econometric Model, 1976-2002," Economic Development 76, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics..
    • Handle: RePEc:eaa:ecodev:76
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    References listed on IDEAS

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    1. Guisan, M.Carmen & Martinez, C., 2003. "Education, Industrial Development and Foreign Trade in Argentina: Econometric Models and International Comparisons," Economic Development 67, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics..
    2. Jorge Crespo & Carmela Martin & Francisco Javier Velázquez, 2002. "International technology diffusion through imports and its impact on economic growth," European Economy Group Working Papers 12, European Economy Group.
    3. Barro, Robert J & Lee, Jong Wha, 1996. "International Measures of Schooling Years and Schooling Quality," American Economic Review, American Economic Association, vol. 86(2), pages 218-223, May.
    4. Klein, L. R., 2004. "China and India: Two Asian Economic Giants, Two Different Systems," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 4(1).
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    Cited by:

    1. Rashmi Ranjan PAITAL & Subhendu DUTTA & Aruna Kumar DASH, 2019. "Crude Oil Import Elasticity Of Demand In India: An Empirical Analysis 1987-2016," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 19(2), pages 125-136.
    2. VAZQUEZ-ROZAS, Emilia & VADLAMANNATI, Krishna Chaitanya, 2009. "Direct Foreign Investments In India: Potential & Performance Of Fdi Inflows From United States As Strategic Major Investor," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 9(2).
    3. Brock, G., 2006. "Russian Regional External Trading 1997-2001," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 6(1).

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    More about this item

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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