Chapter

The Role of Physical and Human Capital Formation

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/9780199698691.003.0006
The Role of Physical and Human Capital Formation

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Using the baseline model arrived at in Chapter 5, this chapter examines the contribution to economic growth of various types of physical investment (Section 6.2) and various types of education (Section 6.3). In Section 6.4 some counterfactual simulations are conducted in an attempt to answer the underlying question: can the cross-province growth regressions help us to understand why China as a whole has grown so fast? Section 6.5 briefly analyses the factors that permit China's rapid capital accumulation. Section 6.6 summarizes and concludes.

Keywords: economic growth; physical investments; education; cross-province growth regressions; capital accumulation

Chapter.  8186 words.  Illustrated.

Subjects: Business and Management

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