BOFIT Discussion Papers, Institute for Economies in Transition, Bank of Finland
No 13/2012:
The dynamics of catch-up and skill and technology upgrading in China
Michael Funke ()
and Xi Chen
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 accumulation 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.
Keywords: China; economic growth; transitional dynamics; (follow links to similar papers)
JEL-Codes: D90; O31; O33; O41; (follow links to similar papers)
37 pages, June 18, 2012
Before downloading any of the electronic versions below
you should read our statement on
copyright.
Download GhostScript
for viewing Postscript files and the
Acrobat Reader for viewing and printing pdf files.
Full text versions of the paper:
dp1312.pdf 
Download Statistics
Questions (including download problems) about the papers in this series should be directed to Päivi Määttä ()
Report other problems with accessing this service to Sune Karlsson ()
or Helena Lundin ().
Programing by
Design by Joachim Ekebom
