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	The Real Source of China's Economic Growth
	Peng YZ(彭宜钟) ; Tong J(童健) ; Wu M(吴敏) ; Peng Yizhong ; Tong Jian ; Wu Min
	2016-03-30 ; 2016-03-30
关键词	economic growth pattern transformation STR model sustainability F124
其他题名	The Real Source of China's Economic Growth
中文摘要	In this paper,the authors have made the following findings after the fitting of China's economic growth rate series using an improved STR model:since 1949,great changes have taken place in China's economic growth pattern but factor input remains to be the major source of China's economic growth,as reflected by the extensive pattern of economic growth;with the exception of capital,the marginal output of all other production factors has been on the increase,which suggests that the efficiency of China's factor allocation has been continuously improved;the marginal output of capital has been on the decline,which explains that the dependency on investment for economic growth has led to excessive investment;reform and opening up and reform of marketization have substantially increased the sustainability of China's economic growth.In addition,the authors have investigated the internal momentum of China's growth transformation and developed relevant policy recommendations.; In this paper,the authors have made the following findings after the fitting of China's economic growth rate series using an improved STR model:since 1949,great changes have taken place in China's economic growth pattern but factor input remains to be the major source of China's economic growth,as reflected by the extensive pattern of economic growth;with the exception of capital,the marginal output of all other production factors has been on the increase,which suggests that the efficiency of China's factor allocation has been continuously improved;the marginal output of capital has been on the decline,which explains that the dependency on investment for economic growth has led to excessive investment;reform and opening up and reform of marketization have substantially increased the sustainability of China's economic growth.In addition,the authors have investigated the internal momentum of China's growth transformation and developed relevant policy recommendations.
语种	英语 ; 英语
内容类型	期刊论文
源URL	[http://ir.lib.tsinghua.edu.cn/ir/item.do?handle=123456789/145707]
专题	清华大学
推荐引用方式 GB/T 7714	Peng YZ,Tong J,Wu M,et al. The Real Source of China's Economic Growth[J],2016, 2016.
APA	彭宜钟,童健,吴敏,Peng Yizhong,Tong Jian,&Wu Min.(2016).The Real Source of China's Economic Growth..
MLA	彭宜钟,et al."The Real Source of China's Economic Growth".(2016).

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