The Sinuous Dragon: Economic Freedom and Economic Growth in China

Joshua Hall and Yang Zhou
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Yang Zhou: West Virginia University, Department of Economics

No 17-12, Working Papers from Department of Economics, West Virginia University

Abstract: With sinuous reforms and economic openness over the last four decades, China has enjoyed substantial economic development. Though still a developing country, its GDP per capita has grown over 10% annually, from $183(US) in 1977 to $7,590 (US) in 2014. This miracle in economic growth is attributed by some to a series of pro-market policies and reforms. Although the general trend is greater economic freedom, China has experienced brief periods of decreasing or stagnant economic freedom that correspond with slowdowns in the growth rate. In this paper we trace these changes in economic freedom in China and discuss prospects for future improvement.

Keywords: China; economic freedom; economic growth (search for similar items in EconPapers)
Pages: 9 pages
Date: 2017-07
New Economics Papers: this item is included in nep-gro and nep-tra
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