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@article{ART002632838},
author={Lee, Hyuntai},
title={The Changing Roles of Ownership in the Economic Growth in China},
journal={Analyses & Alternatives},
issn={2508-822X},
year={2020},
volume={4},
number={2},
pages={39-70},
doi={10.22931/aanda.2020.4.2.002}

TY - JOUR
AU - Lee, Hyuntai
TI - The Changing Roles of Ownership in the Economic Growth in China
JO - Analyses & Alternatives
PY - 2020
VL - 4
IS - 2
PB - Korea Consensus Institute
SP - 39
EP - 70
SN - 2508-822X
AB - This paper examines the changing roles of ownership in the economic growth by using a panel data set of 30 provinces in China for the period (1999-2010). With the use of absolute and relative presence variables, this study shows that private enterprises have emerged as the engine of economic growth in China in the later period (2005-2010). The growing size and number of private enterprises are positively linked to growth. However, though foreign-invested enterprises have been acclaimed as the main contributors to economic growth in China, they have minimal effect on the economic growth in the later period. State-owned enterprises have a significant and negative effect on the economic growth in the later period. The results can be interpreted that the engine of growth in China has been changed over time from other ownerships to private ownership. Private companies have developed a lot in every respect and started to lead the economy for long-run growth. China initiated its economic growth by adopting foreign capital and it is still the top destination for foreign direct investment among developing countries. However, to sustain the growth over a long period, private sector should be of great importance and perform a key role in the view of catch-up economics.
KW - Chinese economy;Economic Growth;Ownership;Private enterprises
DO - 10.22931/aanda.2020.4.2.002
ER -

Lee, Hyuntai. (2020). The Changing Roles of Ownership in the Economic Growth in China. Analyses & Alternatives, 4(2), 39-70.

Lee, Hyuntai. 2020, "The Changing Roles of Ownership in the Economic Growth in China", Analyses & Alternatives, vol.4, no.2 pp.39-70. Available from: doi:10.22931/aanda.2020.4.2.002

Lee, Hyuntai "The Changing Roles of Ownership in the Economic Growth in China" Analyses & Alternatives 4.2 pp.39-70 (2020) : 39.

Lee, Hyuntai. The Changing Roles of Ownership in the Economic Growth in China. 2020; 4(2), 39-70. Available from: doi:10.22931/aanda.2020.4.2.002

Lee, Hyuntai. "The Changing Roles of Ownership in the Economic Growth in China" Analyses & Alternatives 4, no.2 (2020) : 39-70.doi: 10.22931/aanda.2020.4.2.002

Lee, Hyuntai. The Changing Roles of Ownership in the Economic Growth in China. Analyses & Alternatives, 4(2), 39-70. doi: 10.22931/aanda.2020.4.2.002

Lee, Hyuntai. The Changing Roles of Ownership in the Economic Growth in China. Analyses & Alternatives. 2020; 4(2) 39-70. doi: 10.22931/aanda.2020.4.2.002

Lee, Hyuntai. The Changing Roles of Ownership in the Economic Growth in China. 2020; 4(2), 39-70. Available from: doi:10.22931/aanda.2020.4.2.002

Lee, Hyuntai. "The Changing Roles of Ownership in the Economic Growth in China" Analyses & Alternatives 4, no.2 (2020) : 39-70.doi: 10.22931/aanda.2020.4.2.002