Advancing Frontiers and the Economic Take-Off in China and the United States

Qiang Yan

Chinese Economy, 2013, vol. 46, issue 5, 69-85

Abstract: This article compares the economic take-offs in China and the United States from a macro and historical perspective by applying institutional analysis. It finds that exploration and promotion of the economic frontier were crucial drivers of economic growth and shaped social transitions in both countries, although the connotation of "frontier" varied over time and changed across national boundaries. The study also illustrates how the government in each country played an important role in driving the frontier expansion and economic growth.

Date: 2013
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