| IIn the last ten years of the twentieth century, American economy grew at an astonishing speed, but the doubts, the problems needing solving, and the tips it has brought to us, also need to be exploded.Nowadays' society is on the edge of a big revolution, and a big transformation. This economic transformation, which began with information technology, has indeed made some different phenomena to economic activities, toward which people hold on different ideas. However, to see these phenomena and the causes behind them is of great importance. Therefore, the aim of this article is that: by combining practical technological improvement and historical economic increase together, then doing research through putting realistic hi-new-tech economy development under the historical great background of economic growth, and reviewing summarily the history and theories of the economic growth on the basis of renewing the separate function of technology, institution and capital in economic growth, and the interactive relations among them, this article does an all-around analysis on the fundamental mechanism of today's hi-new-tech economy development and its great influences on economic growth, and to have a deeper thought on our country's leap-over development.IIThe gist of this article is to find out, in nowadays' fast-speed revolutionary society, that how hi-new-tech economy comes out, how it is changed and how it is adjusted, especially the tips that the economic development rule of the hi-new-tech economy has on our country's development. Therefore, according to the main problems that need solving, this article is divided into the following six chapters.The first chapter principally discusses the research background and the causes of choosing this content, especially with a detailed discussion on this paper's research method: system science and evolutionary economics, and analyzes their main content and their special value in the course of analyzing economic growth, and at the same time introduces the structure and the content of the whole essay.The second chapter concentrates on dividing the economic growth theory into three groups:capital determinism, technology determinism, and institution determinism. It also shows their main contents, and does the simple evaluation on them and at last points out the defects of them, which are: they have a split understanding of technology, system and capital, they over-exaggerates some element's role in the economic growth, they haven't thoroughly realized the basic condition and the leading factors of long-term and short-term economic growth, and they haven't to realize that: economic growth is a process of elements combination and also a system evolution. On the basis of analyzing these three groups, and by applying the analyzing methods of the system science and evolutionary economics, this paper studies the combination mechanism of technology, system and capital. Then by doing the mathematic analysis on economic growth, the chapter portrays the logistic curve of economic growth, and founds system dynamics model and discusses the internal relationship between the three elements. At last the chapter concludes that although the three have their own individual and special functions and influences, they improve one another, restrict one another, and relate institutional in the economic growth. The realization of economic growth, the limit of this, and the way to achieve it depend on not only the quality of themselves but also the combination level of them. Chapter three emphasizes the formation of the hi-new-tech economy. Firstly, the writer discusses the difference and the dividing standards ofhi-new-tech economy and the traditional economy. With the example of the development of American economy in the 1990s', it proves that the intrinsic logic of the appearance of the hi-new-tech economy is the mutual cooperation, harmonization of technology creation, system creation and investment changes. This paper underlines and analyses the key role t...
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