Growth in China’s New Economy

    Research output: Contribution to journalArticle


    This paper analyzes socially optimal shares of output invested in research and development (R&D), education and physical capital to sustain China’s economic growth as population growth slows. China’s high human capital income share closes the gap between individual skill and the technology frontier. The long run level of output per person is independent of population size. China’s spending on R&D and education contributes more than physical capital investment to economic growth
    Original languageEnglish
    Pages (from-to)1-6
    JournalAsian Economics Letters
    Issue number1
    Publication statusPublished - 2021


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