| is China＇s Economic Growth Extraordinary or Mediocre？ The Role of the Exchange Rate |
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| 作者姓名： | Yun Feng ;Chongfeng Wu |
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| 作者单位： | [1]Antai College of Economics and Management, Shanghai Jiao Tong University, Shanghai, China.; [2]Antai College of Economics and Management, Shanghai Jiao Tong University, Shanghai, China |
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| 基金项目： | This paper received support from the National Social Science Fund （02CJL010）. |
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| 摘 要： | Results derived from evaluations using different measures for China＇s economic growth are divergent, especially when the RMB exchange rate has experienced large depreciation. Focusing on the changes in the RMB exchange rate matching the demands of economic development, we offer some plausible explanations for the variations in the evaluation results. The significant gaps between different economic performance evaluation results before the mid-1990s, and evidence from international comparisons of factor productivity indicate that the quality of economic growth in China is different from that of other economies. Evaluation of economic development should take into account both quantitative expansion and qualitative improvement. From this perspective, evaluation results indicate qualitative improvement in the Chinese economy after the mid-1990s.
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| 关 键 词： | 中国经济 经济增长 增长率 生产力 |
is China＇s Economic Growth Extraordinary or Mediocre？ The Role of the Exchange Rate |
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| Yun Feng,;Chongfeng Wu.is China＇s Economic Growth Extraordinary or Mediocre？ The Role of the Exchange Rate[J].China & World Economy,2008,16(1):100-116. |
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| Authors: | Yun Feng Chongfeng Wu |
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| Institution: | Associate Professor, Antai College of Economics and Management, Shanghai Jiao Tong University, Shanghai, China. Email: .;Professor, Antai College of Economics and Management, Shanghai Jiao Tong University, Shanghai, China. Email: . |
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| Abstract: | Results derived from evaluations using different measures for China's economic growth are divergent, especially when the RMB exchange rate has experienced large depreciation. Focusing on the changes in the RMB exchange rate matching the demands of economic development, we offer some plausible explanations for the variations in the evaluation results. The significant gaps between different economic performance evaluation results before the mid‐1990s, and evidence from international comparisons of factor productivity indicate that the quality of economic growth in China is different from that of other economies. Evaluation of economic development should take into account both quantitative expansion and qualitative improvement. From this perspective, evaluation results indicate qualitative improvement in the Chinese economy after the mid‐1990s. |
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| Keywords: | China's economy economic growth exchange rate productivity |
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