Abstract:
It is totally improving for the Terms of Trade on manufacture industrial sector from 1998 to 2009 in China; the total factor productivity (TFP) is increasing, but mainly owing to technology progression;there is a co-integration relationship between Terms of Trade and TFP; Terms of Trade is Granger-cause of TFP; Terms of Trade can finitely improve TFP.
HUANG Shun-wu, HU Min.Trade Terms Influence on Productivity: From the Evidence of Manufacture Industrial Sector in China[J] Economic Survey, 2013,V1(1): 51-55