Research On The Dynamic Mechanism Of China’s Economic Growth In The Transition Period

Thanks to the great practice of reform and opening up,the market economy system of socialism characteristic of China in the end of last century, our economy can develop rapidly, the material life and the spiritual life of the people can be continuously enriched,quality of life and living standards can be improved, however based on a variety of reasons of the historical and institutional aspects, the original engine of China’s economy has gradually become invalid, the strength of the economy is far from enough, even a variety of obstacles on the way. If things go on like this, our pace may even be forced to halt.China has been relying on a large number of investment and encourage exports to maintain rapid economic growth,however the outbreak of the financial crisis caused great changes in the international economic environment, our country’s export has gradually lost the favor of all countries, meanwhile, the saturation of urban infrastructure reduced the scope of government investment. And the power of domestic demand has been insufficient, resident consumption rate is declining year by year, it will take a long time to pull high domestic demand.Therefore,each carriage has failed, in the case of economic deceleration, the transformation of growth mode has become increasingly urgent, we need to find new energy to get the energy to move forward.Starting with the dynamic structure of economic growth, by sorting the data into a chart to analyze the current economic situation in China, and on the basis to analyze the inevitable reason for China’s economic transformation, according to the economic theory and the reality to explore the driving mechanism of China’s economic growth in the transition period, come to the conclusion that the technology and institution of collaborative innovation can really help the domestic economy. Finally, in view of the development dilemma of the current domestic two kinds of dynamic factors, Some policy suggestions are put forward to improve the driving force’s potential energy.This paper is composed of introduction, the main body(A total of 4 chapters). The first chapter is the introduction, mainly introduced the background,significance of this article, related literature review at home and abroad, research method, the main innovation and so on;In the second chapter, the power structure and dynamic mechanism of the growth is analyzed by using the knowledge of economics. From the total supply point of view, the main source of economic growth is explained by the TFP, and the general form of economic growth’s dynamic mechanism is obtained, based for the discussion of the domestic situation; The third chapter discusses the dynamic mechanism of China’s economic growth in the transition period. According to various types of time data, induce the reality trend, analyzes the reasons why China’s economy must be transformed, and it is pointed out that China’s economy is in the potential driving period of technological innovation, sustainable economic growth in the future must rely on technological innovation and institutional innovation, and explore the specific dynamic mechanism of domestic economic development in this period; The fourth chapter simply analyzed the big environment of the current domestic technological innovation, enterprise’s speed of progress.And explore the reasons for the energy lacking of technical innovation, apply medicine according to indications, in order to improve the ability of technological innovation and improve the status quo, it provides feasible suggestions; In the fifth chapter, the close relationship between institutional innovation and technological innovation is analyzed by the method of system theory, the two promote each other, explain the reasons for institutional innovation boosting the economy.Finally, provide new ideas, good ideas to strengthen the institutional innovation.Through the results of this paper of the theoretical analysis, this paper argues,in the status quo which the pace of economic progress in the country slowed down, rational transformation of economic growth mode,keep the institution innovation with the times and stimulate the enthusiasm of technological innovation of all people, is the fundamental way to unleash the power of innovation and boost economic growth.