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《Commercial Science Research》 2019-02
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An Empirical Analysis of Motivation and Sustainability of China's Growth in 1978—2016——An Expanded Solow Model

Tao Min-yang;Xu Bo;School of Economics,Yunnan Minzu University;School of Modern Service Industry,Zhejiang Shuren University;  
In recent years,China's economic growth has gradually tended to be flattened by rapid growth. The Chinese economy has entered a new normal of medium-to-high-speed growth. To accelerate China's economic development under the new normal,it is necessary to analyze in depth the dynamic mechanism of China's sustainable economic development. This article builds an expanded Solow Model to analyze the motivation of China's growth from 1978 to 2016. The result shows that the mode of growth after reforming is still extensive,and that fixed asset investment,input of labor,capital-based technical progress,industrialization and institutional change are the main motivations of China's growth. However,these traditional motivations may cause serious problems or will soon be used up. To solve the problems and keep a moderate growth,we need to find new motivations of growth and formulate overall plan of developing China.
【CateGory Index】: F124.1
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