Notes on "International Trade and its Effects on Economic Growth in China" (by Peng Sun and Almas Heshmati)

International Trade and its Effects on Economic Growth in China
by Peng Sun and Almas Heshmati

Joining the WTO was a big achievement of China
China was devoted to reducing trade barriers and enhancing to its openness to the world
Important variables: real GDP, real capital stock, labor, R&D lag, real IMP, real EXP, net EXP ratio, high tech EXP ratio, capacity of local office
fluctuating efficiency trend
net export share in GDP has a significant positive effect on efficiency, high-tech export is less significant
policy implication: encourage export and high-tech trade, strengthen the competitiveness of exports, take notice of unbalanced sectors