The PRC's Long-Run Growth through the Lens of the Export-Led Growth Model
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Using the concept of the balance-of-payments equilibrium (BOPE) growth rate, this paper tests the proposition that the People’s Republic of China’s (PRC) remarkable growth performance over the last 3 decades was a case of export-led growth. Results indicate that the PRC’s actual long-run growth is well approximated by its BOPE growth rate.
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- The Determinants of the People's Republic of China's Balance-of-Payments Equilibrium Growth Rate and the Income Elasticity of Imports: A Bayesian Model Averaging Approach
Felipe, Jesus and Matteo Lanzafame. 2020. "The PRC's Long-Run Growth through the Lens of the Export-Led Growth Model." Journal of Comparative Economics 48 (1): 163–81. https://doi.org/10.1016/j.jce.2019.08.004.