Does Exports Promote the Economic Growth of China? A Long-Run View Point

Abstract

This paper empirically studied the influence of exports on long-run economic growth of China at the present stage, using the 2002-2012 panel data of provinces. Results showed that the exports hinder the long-run economic growth of China. Based on the theory of technology and resource, We researched the influencing mechanism of exports on long-run economic growth from three aspects: the influence of exports on total factor productivity, the influence of exports on human capital and the influence of exports on consumption of energy and mineral resources. The empirical study results showed that although exports enhanced the standard of human capital, exports depressed the progress of total factor productivity, and consumed enormous energy and mineral resources. So the total effection is exports hinder the long-run economic growth of our country at present stage.