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Import Trade Impact Of Economic Growth

Posted on:2007-08-21Degree:DoctorType:Dissertation
Country:ChinaCandidate:L Q ZhangFull Text:PDF
GTID:1119360182981787Subject:International Trade
Abstract/Summary:PDF Full Text Request
The impact of foreign trade on economic growth has come into an important issue for the academic research since World War II. But many studies are concentrated on the influence of export on economic growth. However foreign trade includes both export and import. It is necessary to research the effect of import on economic growth. Since the past two decades we have witnessed the significant performance of both China's economic growth and its foreign trade, especially China entered into WTO. Import play an increasingly important role in China's economic growth. Domestic researchers have little study on the relations between import and China's economic growth. Based on this situation, this dissertation attempts to utilize the growth theory and trade theory to explore how import affects China's economic growth.This dissertation comprises seven chapters.Chapter 1 introduces purpose of selecting this topic, area and methodology of research.Chapter 2 reviews relative literatures on the effect of import on economic growth, and gives summaries of them. The theories show that import can both promote and block economic growth. Most empirical analyses indicate that import has positive effect on economic growth.Chapter 3 investigates the impact mechanism of import on economic growth. Import has both positive and negative effect on economic growth. Import can break through supply bottle-neck. Import can create effective demand. Import brings upgrade of industry structure. Import accelerates technologic progress and facilitates capital accumulation. Of course, import could squeeze domestic investment and do harm to domestic infant industry.Chapter 4 gives the indicators of import on economic growth, such as import dependence ratio, GDP growth elasticity of import and import contribution coefficient. At present, import contribution coefficient is relatively better indicator to show the effect of import on economic growth.Chapter 5 is an important part of this dissertation. In this chapter, advanced econometric methods of time series analysis, such as co-integration test, Granger causality test and error correction model have been adopted to testify the impact of import on China's economic growth. These empirical tests are carried out as follows: aggregate import on economic growth;import in different periods on economic growth;structure of import on economic growth;regional import on economic growth;import of foreign investment enterprise on economic growth. The results show thatthere is cointegrative relation between import and economic growth and import has positive effect on economic growth.Chapter 6 gives suggestions on how import promotes China's economic growth. Because of the problem existing in the area of import trade, it is necessary to establish reasonable import policy.Chapter 7 concludes with an overall summary.
Keywords/Search Tags:Import trade, Economic growth, Effect, Co-integration test, Granger causility test
PDF Full Text Request
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