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dc.contributor.authorHerrerías Talamantes, María Jesús
dc.date.accessioned2012-11-12T19:54:45Z
dc.date.available2012-11-12T19:54:45Z
dc.date.issued2010
dc.identifier.citationFrontiers of Economics in China (2010), 5, 4, p. 509–526ca_CA
dc.identifier.issn1673-3444
dc.identifier.urihttp://hdl.handle.net/10234/51779
dc.description.abstractThere is agreement in the literature on economic growth concerning the transitory effects of capital accumulation on the process of economic development. However, controversy arises if this effect is permanent. In this sense, the key point is the embodied technological progress and whether supply factors predominate among the determinants of capital accumulation. Only in this case should expect long-run effects of capital accumulation on economic growth. Inspired by this idea, I focus the study on two elements accounting for economic development—equipment investment and productive infrastructure and I also analyze the type of the empirical relationship that exists between them. The results indicate that equipment investment and infrastructures have played a significant role in accounting for long-run growth in China. However, I do not find empirical evidence supporting any relationship between the two types of investment. In addition, I find that foreign trade has stimulated output and equipment investment in the long run. Finally, it is found that innovation activities encourage equipment investment in the long run.ca_CA
dc.format.extent19 p.ca_CA
dc.language.isoengca_CA
dc.publisherHigher Education Pressca_CA
dc.publisherSpringer-Verlagca_CA
dc.rights© Higher Education Press and Springer-Verlag 2010ca_CA
dc.subjectChinaca_CA
dc.subjectopennessca_CA
dc.subjectequipment investmentca_CA
dc.subjectinfrastructuresca_CA
dc.subjectgrowthca_CA
dc.titleThe Causal Relationship between Equipment Investment and Infrastructures on Economic Growth in Chinaca_CA
dc.typeinfo:eu-repo/semantics/articleca_CA
dc.identifier.doihttp://dx.doi.org/10.1007/s11459-010-0110-4
dc.rights.accessRightsinfo:eu-repo/semantics/closedAccessca_CA
dc.relation.publisherVersionhttp://search.proquest.com/docview/923746557/fulltextPDF/13A5BA8771168AFDD3D/1?accountid=15297ca_CA


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