The dynamics of catch-up and skill and technology upgrading in China
Xi Chen and
No 13/2012, BOFIT Discussion Papers from Bank of Finland, Institute for Economies in Transition
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 ac-cumulation 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 JEL-Classification: D90, O31, O33, O41
JEL-codes: D90 O31 O33 O41 (search for similar items in EconPapers)
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Published in Published in Journal of Macroeconomics, Volume 38, Part B, December 2013, Pages 465-480
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Journal Article: The dynamics of catch-up and skill and technology upgrading in China (2013)
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:bof:bofitp:2012_013
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