Trade openness and economic growth quality of China: Empirical analysis using ARDL model

Qunxi Kong, Dan Peng, Yehui Ni, Xinyue Jiang and Ziqi Wang

Finance Research Letters, 2021, vol. 38, issue C

Abstract: This paper studies the influential relationship between Chinese opening up and economic growth quality in China under exchange rate fluctuation from 1994 to 2018. There is a long-term stable co-integration relationship between opening-up and the quality of economic growth. Trade openness can significantly promote the quality of economic growth in both the short and long term. When the short-term fluctuation deviated from the long-term equilibrium, the quality of economic growth can remain stable through automatic adjustment. The positive impact of trade openness on quality of economic growth had a significant regional heterogeneity and non-linear threshold characteristics.

Keywords: Trade openness; Exchange rate fluctuation; Economic growth quality; Regional heterogeneity; Non-linear relationship (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (52)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:38:y:2021:i:c:s1544612319312565

DOI: 10.1016/j.frl.2020.101488

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