Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212737 
Year of Publication: 
2012
Series/Report no.: 
BOFIT Discussion Papers No. 13/2012
Publisher: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
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 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.
Subjects: 
China
economic growth
transitional dynamics
JEL: 
D90
O31
O33
O41
Persistent Identifier of the first edition: 
ISBN: 
978-952-462-744-3
Document Type: 
Working Paper

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