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《Journal of Xiamen University(Arts & Social Sciences)》 2009-01
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The theory of Economic Growth in the Era of Generalized Virtual Economy

SONG Ke-wei1,ZHAO Luan2(1.Ariation industry development research center of China,Beijing 102218,China;2.School of Economics and Management,Tsinghua University,Beijing 100084,China)  
According to Solow-Model,long-term economic growth results from technological progress and knowledge innovation.However,abundant facts of economic development since the 20th century have shown that technological progress and knowledge innovation do not always constitute a driving force behind economic growth.According to the viewpoint of Lin Zuo-ming's theory,the factor of generalized virtual economy is conducive to sustained economic growth in the new economic era.This factor has been added to the revised neoclassical model of economic growth.Our numerical simulations show that the revised economic model is capable of reflecting to some extent the features of the new economic growth.
【CateGory Index】: F061.2
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