This paper accounts for China’s economic growth since 1980 in a unified endogenous growth model in which a sequencing … of physical capital accumulation, human capital accumulation and innovation drives the rise in China’s aggregate income … can generate a trajectory that accords well with the different stages of development in China. …

This paper accounts for China.s economic growth since 1980 in a unified endogenous growth model in which a sequencing … of physical capital accumulation, human capital ac-cumulation and innovation drives the rise in China.s aggregate income … can generate a trajectory that accords well with the different stages of development in China. …