Price Scissors and Economic Growth: The Role of Openness

被引：4
|
作者：
He, Qichun [1 ]
机构：
[1] Cent Univ Finance & Econ, Beijing 100081, Peoples R China
来源：
PACIFIC ECONOMIC REVIEW | 2013年 / 18卷 / 01期
关键词：
D O I：
10.1111/1468-0106.12010
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The present paper examines how the reduction in the price scissors impacted economic development during the early stage of China's reform period (i.e. 19811998). It is found that an increase in agriculture's terms of trade had a significant complementary effect with exportation on China's economic growth. Moreover, our data supports the results of Sah and Stiglitz (1987), who suggest that a reduction in the price scissors is associated with a decrease in physical capital accumulation in an open economy.
引用
收藏
页码：60 / 78
页数：19
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