The growth effect of China's open door policy:: An empirical test (ID: 8-032)

Since the open door policy, China's economy has been experiencing high-speed growth, the fast development of economy is realized under the open door policy, which constitutes of outside and inside opening. As to the relation between the outside opening and the economy, the traditional theory of international trade proposed the judgment of "trade is the engine of growth". However, the new international trade theory emphasizes that the free trade will bring the scale economy, promote innovation, which means it has the growth effect. Therefore, in this paper, the growth effect of open door policy is tested by EBA method and the open door policy has no growth effect in China.