Why has China Grown So Fast? The Role of Physical and Human Capital Formation.
Cross-province growth regressions for China are estimated for the reform period. Two research questions are asked. Can the regressions help us to understand why China as a whole has grown so fast? What types of investment matter for China's growth? We address the problem of model uncertainty by...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
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Blackwell Publishing
2011
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| _version_ | 1797090769391058944 |
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| author | Ding, S Knight, J |
| author_facet | Ding, S Knight, J |
| author_sort | Ding, S |
| collection | OXFORD |
| description | Cross-province growth regressions for China are estimated for the reform period. Two research questions are asked. Can the regressions help us to understand why China as a whole has grown so fast? What types of investment matter for China's growth? We address the problem of model uncertainty by adopting two approaches to model selection to consider a wide range of candidate predictors of growth. Starting from the baseline equation, the growth impact of physical and human capital is examined using panel data techniques. Both forms of capital promote economic growth. ‘Investment in innovation’ and private investment are found to be particularly important. Secondary school enrolment contributes to growth, and higher education enrolment even more so. |
| first_indexed | 2024-03-07T03:23:28Z |
| format | Journal article |
| id | oxford-uuid:b83ac96e-66cf-4979-8539-d4cc12e0632e |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T03:23:28Z |
| publishDate | 2011 |
| publisher | Blackwell Publishing |
| record_format | dspace |
| spelling | oxford-uuid:b83ac96e-66cf-4979-8539-d4cc12e0632e2022-03-27T04:54:25ZWhy has China Grown So Fast? The Role of Physical and Human Capital Formation.Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:b83ac96e-66cf-4979-8539-d4cc12e0632eEnglishDepartment of Economics - ePrintsBlackwell Publishing2011Ding, SKnight, JCross-province growth regressions for China are estimated for the reform period. Two research questions are asked. Can the regressions help us to understand why China as a whole has grown so fast? What types of investment matter for China's growth? We address the problem of model uncertainty by adopting two approaches to model selection to consider a wide range of candidate predictors of growth. Starting from the baseline equation, the growth impact of physical and human capital is examined using panel data techniques. Both forms of capital promote economic growth. ‘Investment in innovation’ and private investment are found to be particularly important. Secondary school enrolment contributes to growth, and higher education enrolment even more so. |
| spellingShingle | Ding, S Knight, J Why has China Grown So Fast? The Role of Physical and Human Capital Formation. |
| title | Why has China Grown So Fast? The Role of Physical and Human Capital Formation. |
| title_full | Why has China Grown So Fast? The Role of Physical and Human Capital Formation. |
| title_fullStr | Why has China Grown So Fast? The Role of Physical and Human Capital Formation. |
| title_full_unstemmed | Why has China Grown So Fast? The Role of Physical and Human Capital Formation. |
| title_short | Why has China Grown So Fast? The Role of Physical and Human Capital Formation. |
| title_sort | why has china grown so fast the role of physical and human capital formation |
| work_keys_str_mv | AT dings whyhaschinagrownsofasttheroleofphysicalandhumancapitalformation AT knightj whyhaschinagrownsofasttheroleofphysicalandhumancapitalformation |