A Theoretical and Empirical Investigation on China's Economic Growth Determinants (1978-2003)

Detalhes bibliográficos
Autor(a) principal: Andrade, Daniel Caixeta
Data de Publicação: 2009
Outros Autores: Vieira, Flávio Vilela
Tipo de documento: Artigo
Idioma: por
Título da fonte: Economia Ensaios
Texto Completo: https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/1562
Resumo: The main goal of this paper is to empirically analyze China's growth experience during the period of 1978 to 2003. We have started with the hypothesis that China's economic growth during the last decades can be characterized by different aspects such as the investment rates (physical capital accumulation), a higher degree of financial and trade openness, a pegged exchange rate regime and human capital investments. The results from the estimation of vector autoregressive (VAR) models using variance decomposition and Granger causality tests suggest that investment and exchange rate are the main determinants of China's economic growth for the period considered.
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spelling A Theoretical and Empirical Investigation on China's Economic Growth Determinants (1978-2003)Uma Investigação Teórica e Empírica Sobre os Determinantes do Crescimento Econômico na China (1978 - 2003)*The main goal of this paper is to empirically analyze China's growth experience during the period of 1978 to 2003. We have started with the hypothesis that China's economic growth during the last decades can be characterized by different aspects such as the investment rates (physical capital accumulation), a higher degree of financial and trade openness, a pegged exchange rate regime and human capital investments. The results from the estimation of vector autoregressive (VAR) models using variance decomposition and Granger causality tests suggest that investment and exchange rate are the main determinants of China's economic growth for the period considered.Sumário: 1. Introdução; 2. Crescimento Econômico na China: Aspectos Teóricos e Evidência Empírica; 3. Comércio Exterior, Política Cambial e Fluxos de Capital na China; 4. Análise Econométrica do Crescimento Econômico de Longo Prazo na China no Período 1978-2003; 5. Conclusão. Palavras-chave: Crescimento econômico. China. Modelo var. Códigos JEL: O40; O53; C32. O principal objetivo deste trabalho é analisar empiricamente a experiência de crescimento econômico na China no período 1978-2003. Partiu-se da hipótese de que existem vários aspectos do crescimento econômico chinês das últimas décadas, dentre os quais estão as altas taxas de investimento, a maior abertura comercial e financeira, o regime cambial rígido e os investimentos em capital humano. A modelagem conométrica envolveu a estimação de modelos VAR (ADV) e testes de causalidade de Granger, sendo que os resultados obtidos apontam que o investimento e a taxa de câmbio foram os principais determinantes do crescimento econômico da China no período analisado.EDUFU2009-02-12info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/1562Revista Economia Ensaios; Vol. 21 No. 2 (2007)Revista Economia Ensaios; v. 21 n. 2 (2007)1983-19940102-2482reponame:Economia Ensaiosinstname:Universidade Federal de Uberlândia (UFU)instacron:UFUporhttps://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/1562/1388Andrade, Daniel CaixetaVieira, Flávio Vilelainfo:eu-repo/semantics/openAccess2009-02-12T18:55:58Zoai:ojs.www.seer.ufu.br:article/1562Revistahttps://seer.ufu.br/index.php/revistaeconomiaensaiosPUBhttps://seer.ufu.br/index.php/revistaeconomiaensaios/oai||ecoensaios@ufu.br|| ecoensaios@ufu.br1983-19940102-2482opendoar:2009-02-12T18:55:58Economia Ensaios - Universidade Federal de Uberlândia (UFU)false
dc.title.none.fl_str_mv A Theoretical and Empirical Investigation on China's Economic Growth Determinants (1978-2003)
Uma Investigação Teórica e Empírica Sobre os Determinantes do Crescimento Econômico na China (1978 - 2003)*
title A Theoretical and Empirical Investigation on China's Economic Growth Determinants (1978-2003)
spellingShingle A Theoretical and Empirical Investigation on China's Economic Growth Determinants (1978-2003)
Andrade, Daniel Caixeta
title_short A Theoretical and Empirical Investigation on China's Economic Growth Determinants (1978-2003)
title_full A Theoretical and Empirical Investigation on China's Economic Growth Determinants (1978-2003)
title_fullStr A Theoretical and Empirical Investigation on China's Economic Growth Determinants (1978-2003)
title_full_unstemmed A Theoretical and Empirical Investigation on China's Economic Growth Determinants (1978-2003)
title_sort A Theoretical and Empirical Investigation on China's Economic Growth Determinants (1978-2003)
author Andrade, Daniel Caixeta
author_facet Andrade, Daniel Caixeta
Vieira, Flávio Vilela
author_role author
author2 Vieira, Flávio Vilela
author2_role author
dc.contributor.author.fl_str_mv Andrade, Daniel Caixeta
Vieira, Flávio Vilela
description The main goal of this paper is to empirically analyze China's growth experience during the period of 1978 to 2003. We have started with the hypothesis that China's economic growth during the last decades can be characterized by different aspects such as the investment rates (physical capital accumulation), a higher degree of financial and trade openness, a pegged exchange rate regime and human capital investments. The results from the estimation of vector autoregressive (VAR) models using variance decomposition and Granger causality tests suggest that investment and exchange rate are the main determinants of China's economic growth for the period considered.
publishDate 2009
dc.date.none.fl_str_mv 2009-02-12
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/1562
url https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/1562
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/1562/1388
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv EDUFU
publisher.none.fl_str_mv EDUFU
dc.source.none.fl_str_mv Revista Economia Ensaios; Vol. 21 No. 2 (2007)
Revista Economia Ensaios; v. 21 n. 2 (2007)
1983-1994
0102-2482
reponame:Economia Ensaios
instname:Universidade Federal de Uberlândia (UFU)
instacron:UFU
instname_str Universidade Federal de Uberlândia (UFU)
instacron_str UFU
institution UFU
reponame_str Economia Ensaios
collection Economia Ensaios
repository.name.fl_str_mv Economia Ensaios - Universidade Federal de Uberlândia (UFU)
repository.mail.fl_str_mv ||ecoensaios@ufu.br|| ecoensaios@ufu.br
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