An Examination of China’s Development Factors and Governance Indicators over the 1985-2012 Period
Halil D. Kaya

Abstract
In this study, we examine China’s development over the 1985-2011 period and attempt to find the factors that affect its development. We also look at its governance indicators over time including its Government Effectiveness, Control of Corruption, Political Stability and Absence of Violence/Terrorism, Regulatory Quality, Rule of Law, and Voice and Accountability scores as measured by World Bank’s Worldwide Governance Indicators dataset. We find that China has been extremely successful in improving the areas that have a big impact on its growth including scientific achievements, energy production, savings, consumption, capital formation, exports, domestic credit to private sector, and age dependency ratio. On the other hand, this period of rapid advancement coincides with generally worsening corruption, political stability, and voice and accountability measures. Although these factors have not deterred China’s advancement yet, they may hinder it in the near future.

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