Huang, Hanwei; Ju, Jiandong; Yue, Vivian Z. - National Bureau of Economic Research - 2024
This paper studies the evolution of China's production and trade patterns during its integration into the global … that capital deepening made China's production and exports more capital-intensive, although labor-biased productivity … growth acted as a counterforce. Consistent with the data, our model demonstrates that China's trade openness peaked around …