Since the introduction of its “open door†policy in the late 1970s, China has been attracting a growing share of FDI inflows and its international trade integration has advanced considerably. In this study, we take a closer look at the regional growth impact of the Chinese...

This paper analyses the major determinants of long- and short-run labour productivity evolution for Chinese provinces between 1978 and 2010. The role played by openness to trade and foreign direct investment (FDI) constitutes the main focus of this analysis. From a methodological perspective,...

Since the introduction of its “open door” policy in the late 1970s, China has been attracting a growing share of FDI inflows and its international trade integration has advanced considerably. In this study, we take a closer look at the regional growth impact of the Chinese...

Purpose – The purpose of this study is to investigate the driving forces of China's recent rapid economic growth and its sustainability in the future. Design/methodology/approach – A stochastic production frontier approach is employed in order to investigate regional productivity...

China’s recent emergence as a major global partner has been one of the most remarkable facts of the past decades. Over the last 30 years of reform, Chinese economy exhibited unprecedented sustainable economic growth and the country has gradually transformed its structure from a self-reliant,...

This paper explores the impact of trade openness on the economic growth of Brazilian states according to their initial income level. This empirical study covers 26 Brazilian states over the period 1989-2002. Growth rates of Brazilian states are modeled as dependent on international trade flows...

Overall, the prospects for a continued and reasonably fast real convergence process between the EU8 countries and the euro area are good. However, the continuation of the rapid progress made by many EU8 countries in the past cannot be taken for granted. In fact, in order to ensure that fast...

In a number of countries, especially emerging market economies, the public sector has in recent years been accumulating sizeable cross-border financial assets, mainly in the form of official foreign exchange reserves. World reserves have risen from USD 1.2 trillion in January 1995 to above USD 4...