The Economic Measurement Of Technology Gap Between China And The U.S

During the 30 years of reforming and opening, China has grasped the opportunity of globalization and achieved rapid economic growth with the push of capital inflow, technology and global markets. The total amount of GDP in China has surpassed Germany and Japan and been close to the U.S., which has made China become the second biggest economy in the world. However, under the attack of world financial crisis in 2008, a series of problems have been exposed in China, such as, the serious imbalance of economic structure, unsustainable growth model by large resource input. In China, the commonsense is that we should deepen reform, develop technology creativity, change growth model and improve structure. So, when the GDP gap between China and the U.S. has become small, we need to think about how big the technology gap between China and the U.S. is and what the tendency of this change will be. In fact, the gap in high tech between China and advanced countries, especially the U.S. is well-known. But, we don’t know how these specific technology gaps affect China’s economy. As a technological follower of advanced countries, China can realize the role of technology level on economic growth by comparing technology gap between her and leading countries. It has been the focus of economic study to study the influence of technology development on the whole economy. Among the studies, the quantity measurement of technology advance on the whole economy is the frontier of related studies. This paper linked the creativity level of technology with national economy, through the economic measurement of technology gap between China and the U.S., and tried to break the bottleneck of the study and bring new power into the study in order to provide data and theoretical support for the policies of technology creativity.The paper has six chapters:the first chapter is the introduction; the second is the role of China and the U.S. in the world technology and economic development; the third is the theoretical framework of the economic measurement of technology gap between China and the U.S.; the fourth is the economic measurement of technology gap between China and the U.S.; the fifth is the econometric analysis of technology gap between China and the U.S.; the sixth is the conclusion and the prospect.Some studies have shown that China, as a technological follower, has opened the markets, attracted foreign advanced technology and generated the rapid growth of economy by carrying the policy of reforming and opening. Although China has closed to the U.S. in some aspects of the economic amount, the U.S. has still remained the leading position of world technology. There is still a big technology gap between China and the U.S. for example, exogenous factor of technological progress, exogenous factor of technological progress and creativity gap. Actually, the technology gap between China and the U.S. is the essential and leading factor of the growth gap and productivity gap between China and the U.S..There are three main creative studies in this paper:1. This paper has put forward the study of economic measurement of technology gap between China and the U.S.. Facing the big technology gap between China and the U.S., China has to transform China’s economy by knowledge creation and technology push in order to catch up with and surpass the U.S. Under this background, the paper has made the economic measurement of technology gap between China and the U.S and analyzed the endogenous dynamic decision mechanism of Sino-U.S. technology gap on GDP and growth gap between two countries.2. The paper has constructed the endogenous economic growth analysis framework of technology gap between China and the U.S. which is based on the foreign classical diffusion of technology of economic growth theories. It has also put forward the endogenous dynamic decision mechanism of Sino-U.S. technology growth gap and per capital GDP gap which provided a solid theoretical base for economic measurement of technology gap between China and the U.S..3. This paper has been based on empirical study of theoretical analysis. The main creative studies in this paper are as follows:(1) It has put forward the related data of economic statistics measurement of technology gap between China and the U.S.; (2) It has made a statistical description on economic measurement of the gaps in this system by collecting plenty of important data; (3) By making use of the research result, this paper has made economic measurement of technology gap between China and the U.S. which is caused by technology growth gap and per capital GDP gap between two countries. Finally, the paper has put forward the conclusion that the technology gap between China and the U.S. has the important influence on per capital GDP and growth gaps between two countries, which provided some implication on related policies for narrowing the gap between China and the U.S..