The End of Miracle? China's Economic Growth Pattern

Akira Kohsaka

No 24E006, OSIPP Discussion Paper from Osaka School of International Public Policy, Osaka University

Abstract: Despite her recent “unprecedentedly” high and sustained economic growth, China has been long expected to suffer from sudden growth slowdown soon and eventually. We examine her growth pattern in the past three decades as income catching-up processes in developing economies such as those in East Asia, analyzing it in the conventional framework of economic growth based on an internationally comparable macroeconomic database. We find that her growth pattern is not exceptional in any sense, but very parallel with forerunners in East Asia, and that her growth is still in an early stage, so that we argue that her catching -up could be sustained, even if it were for possible short-term growth slowdowns.

Keywords: neoclassical economic growth; growth decomposition; growth paths; China; East Asia (search for similar items in EconPapers)
JEL-codes: E10 E2 E20 F3 O4 O40 O53 (search for similar items in EconPapers)
Pages: 22pages
Date: 2024-10
New Economics Papers: this item is included in nep-cna, nep-gro and nep-sea
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Persistent link: https://EconPapers.repec.org/RePEc:osp:wpaper:24e006

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