Chapter

China in a Cross‐Country Growth Perspective

John Knight and Sai Ding

in China's Remarkable Economic Growth

Published in print April 2012 | ISBN: 9780199698691
Published online May 2012 | e-ISBN: 9780191739118 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199698691.003.0004
China in a Cross‐Country Growth Perspective

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This chapter places China in an international perspective by estimating cross-country growth equations. The chapter is organized as follows. Section 4.2 provides some background on China's growth performance by placing it in comparative perspective. Section 4.3 briefly summarizes neoclassical growth theory and its empirical formulation in a cross-country growth context. Section 4.4 describes the data and sample classification and Section 4.5 discusses econometric methodology. Section 4.6 set outs and interprets the estimation results, and Section 4.7 provides an explanation of China's absolute and relative growth rate on the basis of model predictions. Section 4.8 draws conclusions.

Keywords: cross-country growth; economic growth; neoclassical growth theory; sample classification; estimation results

Chapter.  15005 words.  Illustrated.

Subjects: Business and Management

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