English, Article edition: THE FIFTH ASIAN DRAGON: SOURCES OF GROWTH IN GUANGDONG, 1979-1994 CHI-WA YUEN

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Physical Description
  • article
Language
  • English

Edition details

Title
  • THE FIFTH ASIAN DRAGON: SOURCES OF GROWTH IN GUANGDONG, 1979-1994
Author
  • CHI-WA YUEN
Physical Description
  • article
Notes
  • This paper presents a growth accounting exercise to uncover the sources of spectacular growth in the Guangdong Province in China, the so-called "Fifth Dragon" in Asia, for the post-open-door period 1979-1994. A large fraction of Guangdong's output growth cannot be attributed to the growth in its capital and labor inputs. Of the unexplained residuals, foreign direct investment is a significant growth-spurring engine while export expansion is not. In this sense, China's open door policy did not generate export-led growth although it did stimulate capital accumulation through the importation of foreign capital. Copyright 1998 Western Economic Association International.
  • RePEc:bla:coecpo:v:16:y:1998:i:1:p:1-11
Language
  • English
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