Jumping Economy Growth: Development Path of Latecomer Countries and China's Choice

Author: Huang Xianhai
Publisher:
Publish Date: 2005-09-01
Features: This book starts from the "stylized facts" of the rise and fall, and the later comers surpassing the leaders in the dynamic scroll of world economic development, and takes the frontier production function as the entry point to construct a theoretical analysis framework of a frog-jumping type economic growth model that includes three elements: "capital accumulation—efficiency improvement—technological innovation." It also explains the operational mechanisms and dynamic transformations of each type of frog jump. Meanwhile, based on an empirical analysis of economic growth in 58 countries and an interpretation of China's growth miracle, it provides policy options and a basis for further frog-jumping type economic growth in China.