Endogenous Technological Change Model and Economic Growth in China: A Firm-Level Analysis

Edmund Okraku Ofei

MPRA Paper from University Library of Munich, Germany

Abstract: China’s economic growth has been impressive since the 1978 reforms and even much better in the last two decades. The dominant composition of China’s merchandized exports having changed from less sophisticated primary goods during the reforms to more sophisticated machinery and electronic products in recent years, and hence rapid economic growth, there has been an increasing need to investigate the existence of evidence of the predictions of the endogenous technological change model in China’s growth especially since capital accumulation, the factor which is widely credited to have propelled growth in China becomes obsolete with increasing quantities. The study therefore employs a combination of logistic regression, OLS, and high-dimension fixed effects to examine the existence of the growth inducing 3 formal sectors of the Romer (1990) model. The findings show China’s to have properly implemented the endogenous technological change model and transitioned from their prior dependence on capital accumulation.

Keywords: logit; R&D; technological change; China (search for similar items in EconPapers)
JEL-codes: O32 O33 O41 O47 (search for similar items in EconPapers)
Date: 2020-03-27
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:117113

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