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Title: |
Research on the Influence of the Degree of Openness to Economic Growth of Liaoning Province |
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Source: |
The Conference on Web Based Business Management (WBM 2010 E-BOOK)
(pp 1026-1029)
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Author(s): |
Xiangmin Li, College of Economics, Liaoning University of Technology, P.R. China, 121001
Xiaohong Yin, College of Economics, Liaoning University of Technology, P.R. China, 121001
Yajun Zhou, College of Economics, Liaoning University of Technology, P.R. China, 121001 |
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Abstract: |
This paper measures and analyzes generally the degree of openness, adopting three indicators including degree of foreign trade openness, degree of foreign capital openness and Liaoning’s degree of openness, using provincial data over 1990-2008. Further, the regression analyzes relationship between degree of openness and economic growth through econometric model. The results show that trade openness can contribute to economic growth, while the Degree of foreign capital openness has less impact on economic growth. Therefore, opening structure is unbalance. Finally, this paper puts forward some suggestion on the trade, foreign investment as well as policies in order to promote economic growth in Liaoning province.
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