The influence of Labor Intensive Export on China's Economy Growth
The influence of Labor Intensive Export on China's Economy Growth
The influence of Labor Intensive Export on China's Economy Growth
Author(s): Emmanuel Olusegun StoberSubject(s): Philosophy, Economy, Socio-Economic Research
Published by: EDITURA ASE
Keywords: Factor endowment; GDP growth; Labor intensive export; Revealed Comparative Advantage; China’s economic development;
Summary/Abstract: emphasizing the role of factor endowment. After evaluating the determinants of gross domestic product growth, it goes further to decompose the total export with Cobb–Douglas production function, which revealed increasing return to scale of 0.75 for labor intensive exports and 0.31 capital intensive exports. Revealed comparative advantage results reported that labor intensive export exerts a major impact on China’s development. They claim that margins for these goods are large. Thus, a drop in export arising from decrease in labor intensive export will cause a gap in China’s gross domestic product.
Journal: CCREI Working Papers Series
- Issue Year: 1/2014
- Issue No: 3
- Page Range: 1-27
- Page Count: 27
- Language: English