Title: Transaction costs and economic growth: evidence from spirits culture in China

Authors: Yinyin Cai

Addresses: School of Economics and Management, Southeast University, Jiu Long Hu Campus, Nanjing, Jiangsu 211189, China

Abstract: The paper's primary purpose is to describe an approach for measuring the relationship between transaction costs and economic growth. Based on Chinese spirits culture, per capita wine consumption is chosen as a proxy variable of transaction cost. Three hypotheses about the relationship between transaction cost and economic growth are presented and tested.

Keywords: China; spirits culture; economic growth; transaction costs; per capita wine consumption.

DOI: 10.1504/IJPEE.2014.068323

International Journal of Pluralism and Economics Education, 2014 Vol.5 No.4, pp.374 - 384

Published online: 08 Apr 2015 *

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