Productivity, innovation and China’s economic growth
MetadataShow full item record
The role of productivity and innovation in China’s economic growth is fiercely debated among economists.1 With the economy currently progressing through the middle-income stages, China is forced to confront difficult areas of restructuring, and this has intensified that debate. Following the Global Financial Crisis (GFC), Chinese policymakers opted to make innovation and entrepreneurship new drivers of economic growth over coming decades.2 This policy shift has merely intensified the debate about and research on productivity growth and innovation in China. This chapter presents an updated literature review and provides new estimates of productivity growth, innovation and efficiency changes in the Chinese economy. In addition, it explores what can be learnt from China’s recent experience and how economic growth may be sustained through innovation and productivity improvement.
Note 'Conditions of use' at https://press.anu.edu.au/about/conditions-use
Showing items related by title, author, creator and subject.
Oil consumption, pollutant emission, oil proce volatility and economic activities in selected Asian Developing EconomiesRafiq, Shuddhasattwa (2009)It is now well established in the literature that oil consumption, oil price shocks, and oil price volatility may impact the economic activities negatively. Studies identifying the relationship between energy and/or oil ...
Nankervis, A.; Chatterjee, Samir (2011)The significant and largely unpredicted emergence of China and India as global economic players in recent decades has provoked diverse reactions globally and regionally. Not surprisingly, much of the Western world has ...
Incorporating Space in the Theory of Endogenous Growth: Contributions from the New Economic GeographyBond-Smith, Steven; McCann, P. (2014)We describe how endogenous growth theory has now incorporated spatial factors. We also derive some of the policy implications of this new theory for growth and economic integration. We start by reviewing the product variety ...