Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/215647 
Erscheinungsjahr: 
2017
Schriftenreihe/Nr.: 
CEAMeS Discussion Paper No. 5/2017
Versionsangabe: 
Updated Version
Verlag: 
University of Hagen, Center for East Asia Macro-economic Studies (CEAMeS), Hagen
Zusammenfassung: 
This paper develops a stylized multi-sector growth model of China's economy. We choose a neoclassical modeling approach and focus on the reform process under Deng Xiaoping as China's main growth driver since 1978. Following the literature, we distinguish between three major reform periods, namely the agricultural (1978--1984), the industrial (1984--1992) and the foreign-trade reform period (1992--present). Reflecting the neoclassical view, our model explains China's growth process since 1978 as a sequence of transitory growth phases generated by the reforms. We discuss our model's implications for China's future growth and the middle-income trap as well as growth-stimulating policies in China.
Schlagwörter: 
multi-sector growth modeling
neoclassical growth theory
structural change
China
middle-income trap
JEL: 
O10
O11
O40
O41
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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