The Sources and Sustainability of China's Economic Growth

Edward Denison's (1967) work underpins a model centered on panels of industry- & firm-level data used to explore China's medium- & long-term economic growth, ie, catch-up, prospects. Attention is given to the size of relevant productivity gaps, the Chinese economy's dynamic catch-up processes for reducing the international & internal gaps, prospects & challenges for China's GDP to catch up with that of the US in the next 25-30 years, the role of institutions, & the political economy of China's economic growth. Comments are offered by Barry P. Bosworth & Gustav Ranis & highlights from a general discussion are provided. Tables, Figures, References. Adapted from the source document.