Services trade technology spillover effects and the mechanism through which it affects China's economic growth

摘要

This paper focuses on the empirical research about how different factor-intensive services trade promoted China's economic growth. Our results show that three kind factor-intensive services trade play different roles on China's per capita production. The knowledge-intensive services trade contributed more to the economic growth than the labor-intensive and the capital-intensive services trade. We also examined the paths services trade affect per capita production, such as increasing the per capita capital, accelerating institutional reforms and developing technology. At last, these results have implications for relevant policy recommendations.