Innovation Capacity and Economic Development: China and India

Peilei Fan

No RP2008-31, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Both China and India, the emerging giants in Asia, have achieved significant economic development in recent years. China has enjoyed a high annual GDP growth rate of 10 per cent and India has achieved an annual GDP growth rate of 6 per cent since 1981. Decomposing China and India's GDP growth from 1981 to 2004 into the three factors' contribution reveals that technology has contributed significantly to both countries' GDP growth, especially in the 1990s.

Keywords: Business networks; Economic development; Institutional economics; Technological innovations (search for similar items in EconPapers)
Date: 2008
New Economics Papers: this item is included in nep-cna, nep-cwa, nep-dev, nep-ino, nep-knm and nep-tra
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Citations: View citations in EconPapers (4)

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