The dynamics of catch-up and skill and technology upgrading in China

Xi Chen and Michael Funke

Journal of Macroeconomics, 2013, vol. 38, issue PB, 465-480

Abstract: This paper accounts for China’s economic growth since 1980 in a unified endogenous growth model in which a sequencing of physical capital accumulation, human capital accumulation and innovation drives the rise in China’s aggregate income. The first stage is characterized by physical capital accumulation. The second stage includes both physical and human capital accumulation, and in the final stage innovation is added to the mix. Model calibrations indicate that the growth model can generate a trajectory that accords well with the different stages of development in China.

Keywords: China; Economic growth; Transitional dynamics (search for similar items in EconPapers)
JEL-codes: D90 O31 O33 O41 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (14)

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Working Paper: The dynamics of catch-up and skill and technology upgrading in China (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jmacro:v:38:y:2013:i:pb:p:465-480

DOI: 10.1016/j.jmacro.2013.07.002

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