Manufacturing, Increasing Returns and Economic Development in China, 1979-2004: A Kaldorian Approach

Abstract

The aim of this study is to empirically test the validity of the Kaldorian approach to growth and development in China during its reform period of 1979-2004. In order to obtain robust results, both time-series and regional panel data formats are used. The present study finds from both data sets that the Kaldorian hypotheses about economic growth are valid in China during the reform period.

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