Can others learn from China's remarkable growth rate? We explore some indirect determinants of China's growth success including the degree of openness, institutional change and sectoral change, based on a cross-province dataset. Our methodology is the informal growth regression, which permits...

China has had a remarkably high ratio of investment to output throughout the period of economic reform, surpassing almost all other economies, whether developed or developing.  The high investment rate is in turn an important proximate determinant of China's high rate of economic growth.  This...

The paper estimates cross-province growth regressions for China over the period of economic reform.  It first addresses the problem of model uncertainty by adopting two approaches to model selection, Bayesian Model Averaging and the automated General-to-Specific approach, to consider a wide...

China's economy grew at an average annual real growth rate of 9 percent over the last three decades.  Despite the vast empirical literature on testing the neoclassical model of economic growth using data on various groups of countries, very few cross-country regressions include China and none...

In this paper we attempt to explore some indirect determinants of China's growth success including the degree of openness, institutional change and sectoral change, based on a cross-province dataset.  The methodology we adopt is the informal growth regression, which permits the introduction of...

China's economy grew at an average annual rate of 9% over the last three decades. Despite the vast empirical literature on testing the neoclassical model of economic growth using data on various groups of countries, very few cross-country regressions include China and none of them particularly...

Can others learn from China's remarkable growth rate? We explore some indirect determinants of Chinas growth success including the degree of openness, institutional change and sectoral change, based on a cross-province dataset. Our methodology is the informal growth regression, which permits the...

China has had a remarkably high ratio of investment to output ever since economic reform began in 1978, surpassing almost all other economies. This is an important proximate determinant of China's high growth rate. This paper gathers together the available evidence to explain why investment is...