An empirical investigation of the causal relationship between openness and economic growth in China
This study investigates the causal relationship between openness and economic growth in
China. The integration and cointegration properties of the data are analysed and the models
of Granger, Sims, Geweke and Hsiao are used to identify a bi-directional causal relationship
between GNP and exports plus imports. This bi-directional causation is consistent with
China's development strategy of protected export promotion
China. The integration and cointegration properties of the data are analysed and the models
of Granger, Sims, Geweke and Hsiao are used to identify a bi-directional causal relationship
between GNP and exports plus imports. This bi-directional causation is consistent with
China's development strategy of protected export promotion
This study investigates the causal relationship between openness and economic growth in China. The integration and cointegration properties of the data are analysed and the models of Granger, Sims, Geweke and Hsiao are used to identify a bi-directional causal relationship between GNP and exports plus imports. This bi-directional causation is consistent with China's development strategy of protected export promotion
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