Exports, Foreign Direct Investment and Employment: The Case of China
This paper analyses the growth of production and employment in China during the period 1978 to the early 1990s. It argues that the Chinese experience with export-led growth provides an excellent case study of the phenomenon of a vent for surplus resources provided by exports, identified by Adam Smith in the Wealth of Nations and elaborated by Hla Myint. The paper extends the Smith-Myint model of 'vent-for-surplus' productive capacity to 'vent-for-surplus' resources by allowing for foreign investment flows. The 'vent-for-surplus' effect of exports on employment and growth is examined in a dynamic labour demand framework for a panel of township and village enterprises (TVEs) in China. Copyright Blackwell Publishing Ltd 2005.
Year of publication: |
2005
|
---|---|
Authors: | Fu, Xiaolan ; Balasubramanyam, V. N. |
Published in: |
The World Economy. - Wiley Blackwell. - Vol. 28.2005, 4, p. 607-625
|
Publisher: |
Wiley Blackwell |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Exports, FDI, growth of small rural enterprises and employment in China
Fu, Xiaolan, (2004)
-
Exports, foreign direct investment and employment : the case of China
Fu, Xiaolan, (2005)
-
Township and village enterprises in China
Fu, Xiaolan, (2003)
- More ...