A GROWTH MODEL FOR CHINA'S SPECIAL ECONOMIC ZONE |
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| Authors: | Ke,Li Jan,Whitwell Shuntian,Yao |
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| Affiliation: | Nihon University, JapanVictoria University of Wellington, New ZealandNanyang Technological University, Singapore |
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| Abstract: | Abstract. We employ a general macroeconomic analysis to describe the economic growth and performance of the Special Economic Zone (SEZ). It is shown that not only does foreign investment make a significant contribution to the economic growth of the Zone, but also, the rapid response of foreign investment to the output level is important for maintaining steady-state growth. The open door policy and the policy of encouraging foreign investment have thereby played an important role in the recent development of the Chinese economy. |
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