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《Economic Research Journal》 2002-06
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Capital Formation,Industrialization and Economic Growth:Understanding China's Economic Reform

Zhang Jun (School of economics, Fudan University)  
This paper attempts to formulize an analytical framework under which China's post-reform growth can be accounted for by its industrialization process, which may be best characterized by rapid entry and expansion of non-state sector. The author observes that Chinese economic growth has been declining and may be better explained by its lasting industrialization programs initiated on the outset of reform, which has led to a rising of capital-output ratio and worsening TFP growth.
【CateGory Index】: F120
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