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Role of International Trade in Chinese Economic Development
Author(s) -
Koo Won W.,
Lou Jianqiang
Publication year - 1999
Publication title -
review of development economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.531
H-Index - 50
eISSN - 1467-9361
pISSN - 1363-6669
DOI - 10.1111/1467-9361.00054
Subject(s) - economics , interdependence , agriculture , economic sector , secondary sector of the economy , investment (military) , foreign direct investment , dual (grammatical number) , dual economy , capital investment , capital (architecture) , chinese economy , china , international economics , international trade , economic system , macroeconomics , economy , art , ecology , history , literature , finance , archaeology , politics , political science , law , biology
This study examines the interdependency between Chinese agricultural and industrial sectors. A dual economic model was developed to investigate the relationship between the two sectors and factors affecting Chinese economic development. The study reveals that inputs, such as labor, are important to Chinese economic development. Capital investment contributed to the growth of the Chinese industrial sector. The results also suggest that foreign trade has made a significant contribution to economic development. Growth of the Chinese agricultural sector seems to depend on industrial growth, but growth of the industrial sector does not rely on agricultural growth.