Globalization impact on China economic growth

• Main Authors: Tan, Kai Xuan, Chew, Miao Fan, Leong, Jay Shen, Ong, Chee Hau, Tang, Chun Yew
• Format: Final Year Project / Dissertation / Thesis
• Published: 2019
• Subjects: HG Finance
• Online Access: http://eprints.utar.edu.my/3539/1/fyp_FN_2019_TKX.pdf; http://eprints.utar.edu.my/3539/
• Institution: Universiti Tunku Abdul Rahman

This paper studied the globalization factors that influencing the economic growth of China. The factors included in this paper are exchange rate, foreign direct investment, human capital, net export and technology advancement while the gross domestic product of China will be the variable to be explained by those factors. Number of observations in this research will be 33 which obtained annually from the year of 1982 to 2014. Ordinary Least Square (OLS) Test will be used to test the significance of the independent variables influencing the gross domestic product of China. According to the outcomes found in this research, net export is insignificant affecting the GDP of China while other independent variables are found to be significant affecting the GDP of China. The actual result of net export was shown to be incompatible to the expected outcome. Since exchange rate, foreign direct investment, human capital and technology advancement is significantly influencing the economic growth, developing countries could strengthen these few factors while participating in globalization in order to elevate their economic level.