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ID: 082897

Openness, human capital and total factor productivity: evidence from China / Xu, Helian; Lai, Mingyong; Qi, Peng

Xu, Helian	Journal Article
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2008.

Summary/Abstract

This paper examines the drivers behind China's economic growth. In particular, it focuses on the channels of knowledge spillovers: human capital and openness to trade and foreign direct investment. The specific features of the study include using the most recent comprehensive panel data consisting of 29 provinces during the period 1994-2006 and performing unit root and cointegration tests in the panel data framework. The paper finds that human capital, trade and FDI are the significant determinants of total factor productivity, but their importance varies with technological levels of provinces. These findings have important policy implications.

Key Words

Economic Growth ; Human Capital ; Panel Data ; Openness

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ID: 093648

Productivity spillovers from foreign direct investment in Chine / Yang, Jingjing; Xu, Helian; Wang, Chengang; Lai, Mingyong

Xu, Helian	Journal Article
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Publication

2009.

Summary/Abstract

This paper investigates productivity spillover effects of FDI and relates it to the capital- or labour-intensive nature of the industry. Using a panel data set of 35 industries in China, it shows that the presence and magnitude of FDI spillover effects vary by different channels and the nature of the industry. On average, FDI has no horizontal spillover effects but has positive backward linkage effects. However, there are substantial differences in FDI spillover effects via demonstration, competition and labour mobility between capital- and labour-intensive industries. The findings have important policy implications.

Key Words

FDI ; Horizontal and Vertical Linkages ; Capital - and Labour - Intensive Industries

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