Capital Formation, Investment Efficiency, and China's Economic Growth: An Empirical Study

Author: Zhang Jun
Publisher:
Publish Date: 2005-04-01
Features: The study of the relationship between investment and economic growth is one of the most attractive fields in the current mainstream economics literature. Without a doubt, China's economic growth process provides a rare opportunity for empirical observation of what is known as the "investment-growth nexus." This book is one of the few works that discusses the relationship between investment, capital formation, and economic growth based on China's experience. In this book, the author discusses China's investment system and investment efficiency, measures China's capital stock, estimates empirical data on technical efficiency and technological progress, and finally explains China's economic growth and growth fluctuations from the perspective of capital formation. Readers interested in the relationship between investment and economic growth in China can gain a deep understanding of this relationship by studying this book.