Growth in China’s New Economy

Date

2021

Authors

Day, Creina

Journal Title

Journal ISSN

Volume Title

Publisher

Asia-Pacific Applied Economics Association

Abstract

This paper analyzes socially optimal shares of output invested in research and development (R&D), education and physical capital to sustain China’s economic growth as population growth slows. China’s high human capital income share closes the gap between individual skill and the technology frontier. The long run level of output per person is independent of population size. China’s spending on R&D and education contributes more than physical capital investment to economic growth.

Description

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Citation

Source

Asian Economics Letters

Type

Journal article

Book Title

Entity type

Access Statement

Open Access

License Rights

Creative Commons Attribution licence

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