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Leapfrogging-oriented Economic Growth

Posted on:2004-04-23Degree:DoctorType:Dissertation
Country:ChinaCandidate:X H HuangFull Text:PDF
GTID:1116360095462783Subject:World economy
Abstract/Summary:PDF Full Text Request
Beginning with stylized facts of economy dynamic development and based on frontier production function, the paper constructs one theoretic frame to analyse leapfrogging-onented economic growth, which comprises three constituents : capital accumulation, efficiency enhancement and technology innovation, and illustrates function principle of each leapfrogging type and its dynamic transition. At the same time, on the basis of demonstration of the economic growth of 40 countries and the miracle of economic growth of China, the choice and foundation of policy to further Chinese leapfrogging-oriented economic growth are given .The so-called leapfrogging-oriented economic growth refers to backward countries making use of advantage of their backwardness to approach or even overtake forward countries in short time by capital accumulation, efficiency enhancement and technology innovation to achieve unbalanced and transnormal development. The process embodies not only the rapid improvement of the rate of economic growth but also the improvement of the quality of economic growth. Based on frontier production function, the frame of leapfrogging-oriented theoretic analysis given by the paper, decomposes the dynamic of economic growth into three components: capital accumulation (moving along actual production function), efficiency enhancement (actual production function moving towards frontier production function),technology innovation(the movement of frontier production function itself).According to the leading status of the three components respectively in different economic growth stage , the leapfrogging can be divided into three types: classic leapfrogging( leading by capital accumulation ), learning leapfrogging(leading by efficiency enhancement) and innovative leapfrogging ( leading by technology innovation).This paper demonstrates the dynamic and function principle of each type of leapfrogging. During the analysis of innovative leapfrogging, based on the description and remark on the leapfrogging model of Brezs,E. -Krugman.P.--Tsiddon,D., the paper puts forward one expanded model,which makes the exogenous technology in the B-K-T model endogenous and shows the function principle and the possibility of backward countries leapfrogging by achieving new technology through input of their own research and development .Thereby the model is more comprehensive and more elucidative.Due to the law of marginal decreasing of capital accumulation and technology learning, thetype of leapfrogging must experience dynamic transition along classic leapfrogging, learning leapfrogging and innovative leapfrogging with the transition of economic development stage. The paper figures the transition basis as a process from capital deepening to capital differentiation, namely the evolvement process of material capital , human capital and R&D capital, in other words, a transition process from technology imitation to technology innovation. The paper also exploits the non-parameter method-data envelopment analysis(DEA) to measure the productivity change of 40 countries in term of the three decomposition of capital deepening, efficiency enhancement and technology innovation. The result validates the frame of theoretic analysis given by the paper.Finally the paper analyses and measures the miracle of Chinese economic growth to make the conclusion: during the more twenty years since the opening and reform ,the economic growth of China has evidently demonstrated the character of leapfrogging-oriented growth. On the economic growth of China, the component of capital deepening has basic effect, and the component of efficiency enhancement has evident effect ,however,the component of technology innovation has little effect. Such growth pattern accommodates present economic development stage of China, and with the transition of the stage, growth dynamic must transform correspondly. The "opening" such as foreign trade, introduction of foreign capital have prominent effect on the improvement of technology efficiency of China. It also confirms the...
Keywords/Search Tags:Leapfrogging-oriented economic growth, backwards countries, capital accumulation, efficiency enhancement, technology innovation.
PDF Full Text Request
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