Research on Chinese Economic Growth Momentum Based On Modern Growth Theory
Dashan Niu, CHunxia Huang, JingJing Zhang
Available Online January 2016.
- https://doi.org/10.2991/etmhs-16.2016.87How to use a DOI?
- Chinese Economic Growth; Human Capital; Technology
- Through the analysis of theory and practice, this paper finds that in the modern society, the economic growth needs certain social conditions. As endogenous growth theory points out, in the long run, the ultimate decisive forces of economic growth are the promotion of scientific and technological innovation and human capital, especially after the industrialization society. Industrialized productions need a series of social conditions, if society pushed industrialization without these conditions, like many developing countries, we will see the national economic stagnation and even backwards. In developed countries, economic growth is a more common phenomenon, except in a short-term recession phase of the whole cyclical fluctuations. In ordinary years the western countries can always obtain certain economic growth rates, although compared with some developing countries, the rate is lower, but developed countries is not easier to fall in long-term stagnation than developing countries.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Dashan Niu AU - CHunxia Huang AU - JingJing Zhang PY - 2016/01 DA - 2016/01 TI - Research on Chinese Economic Growth Momentum Based On Modern Growth Theory BT - 2016 2nd International Conference on Education Technology, Management and Humanities Science PB - Atlantis Press SP - 395 EP - 398 SN - 2352-5398 UR - https://doi.org/10.2991/etmhs-16.2016.87 DO - https://doi.org/10.2991/etmhs-16.2016.87 ID - Niu2016/01 ER -