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Dynamics in a Non-Scale R&D Endogenous Economic Growth for Chinese Development

Dynamics in a Non-Scale R&D Endogenous Economic Growth for Chinese Development

Qiong He
Copyright: © 2012 |Pages: 14
ISBN13: 9781466608825|ISBN10: 146660882X|EISBN13: 9781466608832
DOI: 10.4018/978-1-4666-0882-5.ch506
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MLA

He, Qiong. "Dynamics in a Non-Scale R&D Endogenous Economic Growth for Chinese Development." Regional Development: Concepts, Methodologies, Tools, and Applications, edited by Information Resources Management Association, IGI Global, 2012, pp. 933-946. https://doi.org/10.4018/978-1-4666-0882-5.ch506

APA

He, Q. (2012). Dynamics in a Non-Scale R&D Endogenous Economic Growth for Chinese Development. In I. Management Association (Ed.), Regional Development: Concepts, Methodologies, Tools, and Applications (pp. 933-946). IGI Global. https://doi.org/10.4018/978-1-4666-0882-5.ch506

Chicago

He, Qiong. "Dynamics in a Non-Scale R&D Endogenous Economic Growth for Chinese Development." In Regional Development: Concepts, Methodologies, Tools, and Applications, edited by Information Resources Management Association, 933-946. Hershey, PA: IGI Global, 2012. https://doi.org/10.4018/978-1-4666-0882-5.ch506

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Abstract

By introducing nonlinear technology gap into Jones (1995b), this chapter constructs an R&D non-scale growth model that includes endogenous human capital and technological progress. The goal is to take the model’s implications to the data to explaining the Chinese economic development experiences at period 1979-2004. Our model suggests that the technology gap has the block neck effect on the economic development. The market competitive equilibrium solution shows that R&D and technology spillover can enhance the steady state growth rate. The mode’s transitional dynamics is also analyzed on the effects of human capital, capital, technological progress and intersectional labor movements on economic growth, technological progress has the most effect on the economic development, and more human capital shift into R&D sector from final goods sector.

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