Foreign Trade and China¡¯s Economic Development: A Time-Series Analysis

Abstract

This paper examines the relationship between trade and economic growth based on China¡¯s national data for the period of 1952 to 1997. It is found that the growth rate of exports, the growth rate of imports, and the growth rate of the volume of trade are positively related to the growth rate of per capita GDP. It is also found that the labor force growth was positively related to economic growth.