Document Type
Working Paper
Publication Date
2017
College/Unit
Chambers College of Business and Economics
Document Number
17-12
Department/Program/Center
Economics
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.
Digital Commons Citation
Hall, Joshua and Zhou, Yang, "The Sinuous Dragon: Economic Freedom and Economic Growth in China" (2017). Economics Faculty Working Papers Series. 227.
https://researchrepository.wvu.edu/econ_working-papers/227