M. Niaz Asadullah: China's graduation from one of the poorest countries to a major economic power is considered by many as a miracle (Lin, Cai, and Li 1997). Nevertheless, the Chinese economy has experienced a growth slowdown in recent years, with some predicting that the per capita growth rate may even fall to a range of 3 to 4 percent in the near future (Barro 2016). This has prompted many to question the “China model.” This paper by Ding Lu is important for at least two reasons. First, it contributes to the growth accounting literature on China by decomposing the sources of per capita GDP growth by sector. The analysis is grounded in theory—the author modifies Masahiko Aoki's analytical framework of a unified growth theory and applies dual as well as multi-sectoral analyses to identify the sources of growth. Second, it is by far the most updated published...
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Winter/Spring 2017
January 01 2017
Comments by M. Niaz Asadullah, on China's Growth Slowdown and Prospects for Becoming a High-Income Developed Economy
Online ISSN: 1536-0083
Print ISSN: 1535-3516
© 2017 by the Earth Institute at Columbia University and the Massachusetts Institute of Technology
2017
Massachusetts Institute of Technology
Asian Economic Papers (2017) 16 (1): 116–119.
Citation
Comments by M. Niaz Asadullah, on China's Growth Slowdown and Prospects for Becoming a High-Income Developed Economy. Asian Economic Papers 2017; 16 (1): 116–119. doi: https://doi.org/10.1162/ASEP_a_00509
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