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Study On Relationship Between Economic Growth And Technical Progress Of China

Posted on:2006-03-24Degree:MasterType:Thesis
Country:ChinaCandidate:X D PeiFull Text:PDF
GTID:2156360152495959Subject:National Economics
Abstract/Summary:PDF Full Text Request
Economic growth is not only an economic outlying problem, but a real problem about which people concern as well. Being a very important factor in pushing economic growth, technical progress is different from natural resources, labor and capital. It is one of core power sources of economic growth. After practicing reform and opening policy, China creates steady and high economic growth which deeply attracts interests of many economists at home. At present, the home's research restricts to either normative aspect or positive aspect. Meanwhile, there is lack of systematicness in the normative research and there are different criterions about how to deal with raw date in the positive research. In view of this, the paper has set up econometrics model and used method of comparative analysis and normative method combined with positive method to study on relationship between economic growth and technical progress. The final result is that technical progress contributes insufficiently to economic growth. Resting on conclusions, the paper has put forward policies and suggestions that can promote technical progress of China.This main body of this paper is composed of four parts except the forward and concluding remarks.The first part is literature summarizing. The western traditional economic growth theory either doesn't think about the factor of technical progress or regards it as exogenous variable of economic system and cannot explain why technical progress happens. The new economic growth theory not only admits that technical progress is determined factor in pushing economic growth, but regards it as an endogenous variable of economic systems as well. In the meanwhile, technical progress is consequence of the willing investment of enterprises which pursuit the maximization of profit. The home's normative research cannot explain why technical progress stimulates economic growth and what is the mechanism. The positive research doesn't account raw data according to comparable prices or doesn't consider depreciation factor.The second part is relationship between economic growth and technical progress. Firstly, the paper has distinguished between technical progress and technical innovation and has considered that technical innovation has belonged to narrow concept and it is microcosmic reflection of technical progress. Secondly, the paper has analyzed factors that influence economic growth. Thirdly, the paper has mainly discussed therelationship between them. The mechanism that technical progress promotes economic growth is changing substitutional relation among production factors and so on. Finally, the paper has explained the mechanism that how technical progress promotes adjustment of industrial structure and effective diffusion channel. The mechanism is that production factors flow from one industry to another and there exists inhesion relevance among different industries. Technical innovation diffusion is a process that potential users accept and spread through some routes. Whether an innovative enterprise decides to diffuse its result or not depends on comparing its profit with its cost. Intermediary organs are very key aspect in an effective diffusion channel.The third part is the course of economic growth of China and status quo of technological import of China. The paper has reviewed the situation of economic growth according to china statistic yearbooks. The research result is that China keeps highly economic growth tendency, but there are temporarily waving phenomena. The research and development outlay of China is low than western developed counties. The R&D outlay mainly comes from government but enterprise and there are some problems in technological import of China, such as repeated import, bad digestion etc. According to this, the paper has put forward some suggestions.The fourth part is positive analysis on relationship between economic growth and technical progress. The paper has used both production function approach and incremental rate equation approach to analyze the situation of economic growth of Ch...
Keywords/Search Tags:economic growth, technical progress, adjustment of industrial structure, technical innovation diffusion
PDF Full Text Request
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